A former Vice President, Atiku Abubakar, has asked the federal government to explain why Oando Plc 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.
In a statement by Phrank Shaibu, Special Assistant on Public Communication to Atiku, in Abuja, on Sunday, the former vice president said Oando was being given undue and preferential treatment in the oil and gas sector to the detriment of more competent investors.
The presidential candidate of the PDP in the last elections also knocked the House of Representatives for failing to take proper action on NNPC which had now gone ahead to “mortgage the country’s national oil assets to vested interests.”
Atiku said, “Within just eight months, the Nigerian Upstream Production Regulatory Commission (NUPRC) approved a deal which saw the divestment of Eni/Agip’s onshore assets to Oando.
“Within that same period, Nigeria controversially withdrew all litigations against Shell/Eni in the OPL 245 scandal in what has been described as a quid pro quo.
“However, the attempts by SEPLAT to buy Mobil’s onshore assets have 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.
“Ideally, democracy ought to be the government of the people, for the people and by the people. But democracy in Nigeria has become the government of Tinubu, by Tinubu and for Tinubu and his family members.”
Atiku added, “In July, 2023, the House of Representatives, following the adoption of a motion moved by Miriam Onuoha, directed NNPC Ltd to suspend the acquisition of OVH assets pending an investigation by its committee.
“The house ad hoc committee requested the NNPC Ltd to furnish it with information about registration documents/history from CAC for OVH, Nueoil and NNPC Retail Limited (NRL), Board Resolution of NNPC Ltd on purchase of OVH, Audited Financial Statement and Management Accounts from 2015 to date of OVH, Nueoil, NRL and NNPC Ltd and the payroll from 2015 to date for NRL and OVH; Board Resolution of NRL/CHQ for movement of head office to Lagos and evidence of Tax Payments for NRL and OVH from 2015 to date.
“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.
“Despite the rot in the oil sector, the head of the NNPC, the head of the NUPRC, and the head of the NMDPRA continue to keep their jobs. This is clear evidence that they are fulfilling the mandate given to them by Tinubu.”
Atiku also lambasted the Tinubu administration for the rise in human rights abuses.
He said Tinubu who rose to power over exaggerated claims of being a freedom fighter had turned against the people by allowing the Department of State Services (DSS), police and even the military to abuse the rights of citizens without any consequences.
He said that in some instances, citizens were arrested in a gestapo manner without the knowledge of their relatives who went about looking for them for several weeks.
He further said the most affected since Tinubu took office had been journalists whose only crime was reporting the news and exposing the government’s indiscretion.
He noted that the Cyber Crime Prevention Act 2015 had become a tool with which officials in the Tinubu administration were abducting citizens while the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) had transmuted into the defunct SARS.
Atiku advised Tinubu to take cases of human rights abuses seriously or that Nigeria would remain at risk of being slammed with sanctions which would prevent Western powers from selling weapons; a development he argued could undermine Nigeria’s ability to tackle insecurity.
SOURCE: Daily Trust
