President Jonathan demands Ribadu report

President Goodluck Jonathan
President Goodluck Jonathan

President Goodluck Jonathan has directed the Petroleum Minister to submit the comprehensive report of the Petroleum Revenue Special Task Force, led by Nuhu Ribadu, to his office by Friday this week.

The president made the demand on Monday, Rueben Abati, his spokesman said.

The Committee was set up in February 2012. It was required to determine and verify all petroleum upstream and downstream revenues owed to the Federal Government of Nigeria, and take all necessary steps to collect all debts due and owed.

The committee was also required to obtain agreements and enforce payment terms by all oil industry operators.

The committee submitted its report to the petroleum minister since August but it was kept secret after the submission.

The report says Nigeria lost about N4.64 trillion over the last decade from illegal deals reached between Nigerian government officials and multinational oil companies.

Two opposition parties, Congress for Progressive Change (CPC) and the All Nigeria Peoples Party (ANPP) has warned that any attempt by the government to underplay the report poses danger to Nigeria’s unity.

The president is expected to receive the report at 11 am on Friday.



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