BREAKING NEWS

Federal Government to begin prosecution of NNPC corrupt officials accused by investigative panels, for bleeding the sector

Nigeria President Mohammadu Buhar Federal Government to begin prosecution of NNPC corrupt officials accused by investigative panels, for bleeding the sector

President Mohammadu Buhari has announced the government’s intention to prosecute corrupt NNPC officials, indicted by the various investigative panels, set up to expose illegal dealings in the petroleum sector.

The President who disclosed this in Abuja during the opening of the All Progressives Congress (APC) National Executive Committee meeting, yesterday, said it is unacceptable that there is no proper record of crude oil transactions in the country, and as a result, the country’s income is being drained by corrupt officials.

He said: “ We have tried to make sure that NNPC is reorganized, so that we know how much of our crude is taken, how much is sold and to which account the money is going.

“We are getting the cooperation of countries that have received this crude. But we have to be sure of facts in our hands before we start prosecution so that Nigerians will believe what we have been telling them.

He also ascribed the declining price of crude oil to the reason the economy is stagnated, but however gave the assurances that with the ongoing restructuring in the petroleum sector, Nigerian economy would rebound.

President Buhari  said the recovery of over N3 trillion by the federal government as a result of leakages and corrupt dealings through the implementation of the Treasury Single Account (TSA), shows that his administration is committed to battling corruption headlong.

About blackconnoisseur (386 Articles)
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