Atiku Abubakar has asked the Federal Government to explain why Oando Plc received accelerated approval to buy the onshore assets of AGIP
Former Vice President and ENI while other transactions such as the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays. He also criticised the Bola Tinubu administration for allegedly implementing a sham subsidy…Former Vice President and ENI while other transactions such as the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays.
“IMF estimates that subsidy payments this year will constitute 3% of GDP, which is about $7.5 billion. This will be about N11.8 trillion. Yet, petrol scarcity continues to linger while the Tinubu administration continues to frustrate the Dangote Refinery and even its own NNPCL facilities. Obviously, the subsidy regime has become an even wider conduit pipe through which monies for funding the 2027 election will come from,” Atiku said.
“The statement continued: ‘However, the attempt by SEPLAT to buy Mobil’s onshore assets has continued to stall for the last three years, even as the consent letter remains on Tinubu’s table. The deal between Renaissance and Shell continues to stall. In fact, the only deal that has fully scaled through so far is the one involving Oando. We now know why it got accelerated approval.’
“The NNPC ignored all these and went ahead to transfer its ownership and properties in its retail arm to OVH, thereby mortgaging the future of Nigerians. The former Vice President said the most affected since Tinubu took office have been journalists whose only crime is reporting the news and exposing government indiscretion.
According to Atiku, “Even the arrest and release of the former BBC Pidgin Editor and current West Africa Regional Editor of The Conversation, Adejuwon Soyinka, clearly shows a pattern, the objective of which is to intimidate journalists for speaking truth to this government.” Security operatives have foiled a kidnap attempt and arrested two cattle rustlers and gun runners in Kaduna State. The police said that a victim of an attempted kidnap, who was threatened by terrorists via telephone to pay a ransom of N10 million, was saved from the bandits. The spokesman of the police in the state,…
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Explain why Oando got accelerated approval in AGIP/ENI purchaseFormer Vice President of Nigeria, Atiku Abubakar has asked the Nigerian government to explain why Oando Plc, owned by President Bola Tinubu’s nephew, got accelerated approval to buy the onshore assets of AGIP and ENI while other transactions such as the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays.
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