The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari to tender an unreserved apology to the entire nation for an alleged over-bloated and sleazy oil subsidy regime as allegedly exposed by the Nigeria National Petroleum Corporation (NNPC).
According to the PDP, its demand is predicated on the alleged confession by the NNPC Managing Director, Mele Kyari, that the Buhari administration had been running an over-bloated subsidy which is against the national interest.
In a statement made available to newsmen, The PDP holds that the alleged, “Kyari’s open confession is a direct vindication of our stand that the All Progressives Congress (APC)-led administration has been neck-deep in alleged serial oil fraud”.
The PDP notes “as appalling that while President Buhari castigated previous PDP administrations and announced that oil subsidy existed only as a fraud, he had secretly continued to preside over an over-bloated subsidy regime through which over N14 trillion belonging to Nigerians have been allegedly stolen”.
The PDP quoted Kyari as saying, “there are many things wrong with the under-recovery … the under-recovery itself is so over-bloated because we are subsidizing the whole of West Africa. That has to stop”
“From this, it is clear to all that the Buhari administration had not only been covering sleazy oil subsidy regime but also an under-recovery fraud with an international dimension”.
“It is even more distressing that such monumental racket against our nation had been going on under an administration whose leaders parade as saints while swimming in an ocean of corruption”.
“Our party charges the Buhari Presidency to immediately name the West African countries that it claims to be subsidizing fuel for and the amount so far spent in such hazy enterprise”.
“This is so because there are already insinuations in the public space that the so-called West African countries could be the private purses of corrupt APC leaders and the cabal in the Buhari Presidency.”
“It is, however, saddening that President Buhari had allowed such haemorrhaging of our economic bloodstream into private vaults”.
“Now that the Managing Director of the NNPC has summoned the courage to make this confession after our party counselled government officials to stop lying to Nigerians about trillions of naira claimed to have been paid for a subsidy, what is expected of the Buhari Presidency is to, without any further delay, apologize to Nigerians, make restitution and take immediate steps to recover the over N14 trillion siphoned in oil scams under its watch.”