Connect with us

News

‘Tinubu’s cabal has Hijacked NNPCL’, Atiku raises Alarm

Published

on

Former Vice-President Atiku Abubakar has said the Nigerian National Petroleum Company Limited (NNPCL) has been hijacked by a cabal around President Bola Tinubu.

The opposition leader said future of the country has been “effectively mortgaged to President Bola Tinubu, his family, and associates”, saying that “even after Tinubu leaves office, it will be nearly impossible to break these shackles.”

Atiku in a statement signed by Paul Ibe, his Media Adviser, said, “Just as Alpha Beta, Primero, and others act as Tinubu’s proxies in Lagos, managing critical sectors and generating revenue for him and his family, he has begun to replicate this at the federal level.”

He also expressed surprise at the operations of the NNPC and how the government-owned oil company had put its retail arm under the control of OVH, a company in which Oando, led by Wale Tinubu, owns 49%.

Advertisement

Atiku regretted that his “intention to privatize the NNPC and increase its transparency has been overshadowed by what he describes as the criminal hijack of the NNPC by corporate cabals around the current president.”

He narrated that “In October 2022, just five months before the elections, the NNPC Retail controversially announced it had acquired OVH and all its filling stations. NNPCL already had about 550 filling stations across the country but claimed it was enhancing its capacity by acquiring OVH, which had only 94 stations and 100 others leased.

“The NNPC did not disclose the purchase price of OVH or the terms of the acquisition. A Freedom of Information request by an online medium was also rejected by the NNPC, which claimed to be a private company despite still being government-owned.

“Following this dubious deal, Mele Kyari was controversially retained as NNPC GMD despite his incompetence. Tinubu then appointed his former boss at Mobil, turned ally, Pius Akinyelure, as NNPC Chairman, while he himself took on the role of Minister of Petroleum.

Advertisement

“In a move that defies economic logic, OVH, previously owned by NNPC Retail, has now acquired NNPC Retail. This absurd situation means that Wale Tinubu’s Oando now owns 49% of NNPC Retail. Moreover, Nigeria paid Wale Tinubu a significant sum to facilitate the Tinubu family’s acquisition of the national oil company. This represents a clear case of illogical business transactions and abuse of office by President Tinubu, who has prevented NNPC from becoming a public liability company as stipulated by the PIA.”

Atiku acknowledged that the NNPC and its leadership are under legislative investigation but expressed skepticism about the process’s credibility due to the vested interests of those conducting the investigation.

Atiku also commented on the Lagos-Calabar Coastal Highway project which he said is under litigation.

He said, “The Organized Crime and Corruption Reporting Project (OCCRP), a global network of investigative journalists, reported that the coastal highway project has been taken to court and revealed a close relationship between Tinubu’s son, Seyi, and Gilbert Chagoury, who was awarded the contract without competitive bidding.

Advertisement

“I had earlier claimed that the Lagos-Calabar Coastal Highway project was fraudulent, but the government denied it. Now, the matter is in court. It is also concerning that Chagoury and Tinubu have a business relationship, and their children are business partners, as revealed by the OCCRP.

“This indicates a conflict of interest. It is no surprise that the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Coastal Highway, which together will cost over $24 billion, were approved without competitive bidding. It seems that whatever Tinubu wants, he gets.” Atiku said.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

LP Crisis: Nobody Unseated You, The Constitution Did, Sheathe Your Sword — Obi Tells Abure

Published

on

Peter Obi, the presidential candidate of the Labour Party in the 2023 elections has asked the party’s former Chairman, Julius Abure, to sheath his sword.

He urged him and others to join hands with the National Caretaker Committee to rebuild the party.

Obi, who was represented by Datti Baba-Ahmed, stated this at the inaugural meeting of the caretaker committee of the party held in Abuja on Tuesday night.

He stated categorically that nobody but the constitution of the party unseated former chairman Abure after the expiration of his tenure.

Advertisement

Obi said: “Listen, my friend, no governor unseated Abure, the constitution unseated him. Abure’s time elapsed. Nobody unseated him. As of today, Abure is our good friend and a loyal member. We want him back in the fold; we have roles for him to play.

“We didn’t have crisis. We managed a transition that was a bit bumpy and that was it. I tell you, no other political party of our size could do that in the time and manner that we did.

“We are a political party who went all the way to the Supreme Court claiming our 10 million votes. They were only able to give us six million votes. So we are a force to contend with in Africa. What we’ve done has never been done before. When PDP came, they had the military. We had nothing.”

Obi noted that the opposition party was ready to repeat and surpass the feat recorded during the 2023 elections in 2027 by producing a majority in the National Assembly and winning the presidential seat in 2027.

Advertisement

Earlier, the chairman of the Labour Party National Caretaker Committee, Senator Nenadi Usman, assured party members of the committee’s determination to rescue the party from the current challenges and restore and rebuild it as a veritable alternative platform for Nigerians.

She assured of the committee’s readiness to lead the party on the path of reconciliation within the short time of its assignment.

Usman stated: “We are on a rescue mission, not just for the Labour Party, but I tell you for our dear nation, Nigeria. The interest this committee has generated extends beyond party lines.

“The number of telephone calls I have received not just from Labour Party members, but people from other political parties who told me that if we get this thing right, we will walk together. So we have a huge task.

Advertisement

“Our party, by the grace of Almighty God, will become a platform for all disenfranchised and unhappy Nigerians. People who are not happy with the way things are going, we are going to be the platform for them by the grace of God. Therefore, we must view this as a significant national assignment.”

Continue Reading

News

Nigerian varsities working in shadows of death – Omole

Published

on

The Pro-chancellor and Chairman of the Governing Council, Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Professor Ayodeji Omole on Thursday said that the Nigerian University is under siege and currently “working in the shadows of death”.

He maintained that the university system has been captured and held hostage by many government policies especially since the advent of the so called ‘civil rule’.

Professor Omole made these assertions while delivering the 561 inaugural lecture of the university of Ibadan, entitled “working in the shadows of death”.

A former ASUU chairman, Professor Omole stated unless something urgent is done to stop government attacks on the Nigeria’s educational system, the system will die faster than anticipated

Advertisement

“More than ever before, the Nigeria University system is under siege and therefore ‘Working in the shadows of death. If nothing drastic is done to stop the various attacks from government and its agencies, the system will die faster than anticipated. The University system is captured and has been held hostage by many government policies, especially since the advent of the so called ‘civil rule’”.

He took a swipe at various civilian administrations who he said foisted anti-intellectual policies on the education system in the country.

According to the Professor of Forest Engineering, “Treasury Single Account (TSA) and Integrated Personnel and Payroll Information System (IPPIS). IPPIS is a mismatch with university work structure. It is incompatible with the academic calendar, and a clear violation of the University Act.

Therefore, it is illegal. Only in Nigeria is the data-base of scholars surrendered to foreign agencies in the name of cutting cost. The effects of which are threatening the very existence of the University system in Nigeria today, because it is now impossible for Universities to recruit even cleaners.”

Advertisement

According to the University don, “the proposed imposition of Core Curriculum Minimum Academic Standard (CCMAS) by the National Universities Commission (NUC) is another policy that will kill Nigerian Universities, faster than expected”.

While expressing sadness that the university of ibadan senate also caved in from its stance on the CCMAS introduction, Professor Omole lamented that the rigid standardization will definitely limit universities’ ability to innovate and design programmes to meet societal needs; because local content and flavour are ignored.

As a former ASUU Chairman at the University of Ibadan, Omole who appreciated the efforts of the Academic Staff Union of Universities (ASUU) and its quest for enhancing qualitative public education for children of the masses in Nigeria noted that “every financial gain the university system has been able to make is as a result of the struggles of ASUU”

He challenged Nigerian academic to “criticize policies that are inimical to national development” saying that “scholars worthy of the description should be vocal in their resistance to foreign exploitation, through the imposition of neo-liberal policies”.

Advertisement

To ensure sustainable development, Professor Omole harped on the need “for government and other stakeholders to ensure fair and adequate compensation for all workers, fostering a motivated workforce that is fully engaged in the pursuit of national progress”.

“Slave wages severely undermine the commitment of workers to national development and have broad, damaging effects on a country’s economic, social, and political fabric. Under-funding in Nigerian universities has led to a range of problems that affect the quality of education, research, and overall institutional performance.

This has manifested in the form of deterioration of infrastructure, poor facilities, brain drain/loss of talent, labour/student unrest, erosion of university autonomy, low morale among staff, decline in global ranking and reputation. These affect productivity, commitment, and willingness to engage in advanced research or innovative teaching methods.

In summary, the under-funding of Nigerian universities is a significant barrier to the advancement of education, research, and national development. Addressing these issues requires increased investment in higher education, better financial management, and strategic policies that prioritize the long-term sustainability and improvement of the university system.

Advertisement

Poor remuneration in Nigerian universities has far-reaching consequences for the future of the university system, affecting its ability to deliver quality education, retain talent, and contribute to national development.”

Continue Reading

News

I Can’t Feed My Family Again; I Make N20,000 Daily But Spend N17,000 On Fuel — Taxi Driver Laments

Published

on

Despite earning N20,000 daily, Ajibaye says he takes home only N3,000 after fuel expenses, leaving him unable to cater to his children and wife.

A commercial driver identified as Wahab Ajibaye based in Ilorin, Kwara State has expressed frustration over the rising fuel prices, saying it has left him struggling to provide for his family.

Despite earning N20,000 daily, Ajibaye says he takes home only N3,000 after fuel expenses, leaving him unable to cater to his children and wife.

He said: “I am buying fuel for N1100 and I make N20,000 (daily) but I take only N3,000 with me to my house (after work). I am the owner of my car but I am no longer making enough to cater to my children and my wife. The All Progressives Congress (APC) government will not end well. Nigeria is becoming worse and we pray God takes away this set of current leaders.”

Advertisement

Ajibaye blamed the ruling APC government for the hardship faced by Nigerians, saying, “Their government is bringing more suffering. They’re not ashamed, despite many Nigerians cursing them. They should rethink.”

The ruling All Progressives Congress (APC) had recently agreed that the policies initiated by President Bola Tinubu resulted in growing economic hardships in Nigeria.

The party in a statement issued by the party’s National Publicity Secretary, Barrister Felix Morka had said this, while responding to a former national vice chairman (North West) of the party, Salihu Mohammed Lukman.

Recall that Lukman had berated the party for bad governance, adding that former President Muhammadu Buhari and incumbent President Bola Ahmed Tinubu have failed to deliver on their campaign promises.

Advertisement

Lukman, therefore, urged opposition leaders to unite and work hard to defeat the APC-led government in 2027.

But reacting, Morka in a statement on Tuesday argued that President Tinubu was taking bold measures to reset the country’s “long broken economy”, explaining that his reforms had increased economic hardship in the country.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News