CNPP demands independent probe of NNPC accounts since 1999

The NNPC, the KPMG says, is a House of fraud

The group warns President Jonathan of the consequences of going into 2015 presidential race with record of corruption.

The Conference of Nigerian Political Parties, CNPP, has appealed to President Goodluck Jonathan to set up an independent inquiry into the accounts of the Nigerian National Petroleum Corporation, NNPC, between 1999 and 2013.

The group said it was making the appeal not only to stop the revenue leakages bleeding Nigeria to stupor, but to save the nation and its democracy from further harm.

It explained that its intention was not to halt the public hearing by the Senate Finance Committee where allegation of corruption was made against the corporation by the governor of Central Bank of Nigeria, Lamido Sanusi.

Mr. Sanusi had last Wednesday at the hearing alleged that the NNPC did not remit $20 billion to the Federation Account.

The corporation has denied the allegation. The NNPC however admits $10.8 billion of oil funds was not paid to the government, but claims the amount was used for fuel subsidy payment and maintenance.

The NNPC is expected to officially submit details of those spending to the senate committee this week.

“It is our considered view that the 2015 general elections will be free, fair and more transparent, if President Jonathan can muster the political will to clean the Augean Stable in the NNPC, since the inception of our democracy or even his regime,” CNPP said in a statement by its spokesman, Osita Okechukwu on Sunday.

“Without sounding alarmist, the drums of war from several quarters and do-or-die attitude, as we approach 2015 general elections seem to echo and revolve around who signs the oil Signature.

“A transparent audit trail by an Independent Inquiry, without prejudice to the Petroleum Industry Bill, which from all indications has been kept in view, will ventilate the fouled atmosphere in the industry.”

The group said Mr. Jonathan would wittingly ink his name in the hall of fame of history, clear his name from this rot, sacrifice those who were tainting his name and protect the country and its fledgling democracy and our dear country; if he honoured its appeal.

It stated that it was pertinent to note that no sane person could dismiss with a wave of hand the monumental disclosure from the Governor of Central Bank and constitutionally authorized Economic Adviser to Mr President, no matter how inaccurate his figures might be.

CNPP said in its estimation, the missing link was the accuracy of Mr. Sanusi’s figures and not the absence of rot in the NNPC, which the Independent Inquiry would be mandated to unravel and cleanse for posterity.

It said, “For example, can we dismiss his allegation that NNPC’s claim of expending $8.49b in paying subsidy is doubtful? More so after NNPC had officially earlier reported not making deduction for fuel April 2012 and 2013 and when the National Assembly duly appropriated first N888b and secondly Supplementary Budget of over N100b in 2012 for fuel subsidy.

“Secondly, can anyone uphold the sanctity of the Strategic Alliance Agreement between Nigerian Petroleum Development Company, NPDC, an arm of the NNPC and Atlantic Energy and Seven Energy?

“Thirdly, is the sustenance of the so called late General Abacha $10 per barrel- sealing of Production Sharing Contract {PSC} formula of deep offshore Oil Wells not questionable? For Nigerians would wish to know why only $10 per barrel is paid into the Federation Account, even when Crude Oil sells for over $100 per barrel. What a grave injustice to Nigerians? Or do we page with Asiwaju Bola Tinubu, that NNPC is ATM of the PDP-led Federal Government?”

The group of opposition parties in the country, said though Mr. Jonathan handlers might feel threatened from their comfort zone if he embarked on independent inquiry into the accounts of the NNPC in the last 14 years, the president should, however, remember the oath of office he took and convoke the Inquiry to clear his name.

CNPP said the president’s failure to do so would mean that he would come into the coming to 2015 presidential election with less than transparent records, adding “for the avoidance of doubt, the regime will be remembered as Jonathan’s regime not in any minister’s name.”


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  • redeem

    Clear as day light that Sanusi lied–raised false alarm without getting his facts right–Sanusi Lamido’s Ignorance was again and again Exposed By The House, Senate and High Court Ruling Blocking Govt From Stopping Kerosene Subsidies. These crucial areas mentioned above were some of the important issues he tried to ignore-

    Added tp the fact that he Sanusi does not appear to understand his facts about the Kerosene subsidies very well.
    The then Minister of Petroleum Resources, Dr Rilwan Lukman refused to implement the subsidies because of it effect on people. Is Sanusi telling us he is not aware of this very point?

    House of Representatives resolution of July 2011 which backed the continuation of subsiding kerosene. Again not aware?
    Justice Bello of the Federal High Court, Abuja ordered Govt not to remove the subsidy on kerosene. That Sanusi is not abreast of the fact that NNPC is authorized by law to spend these funds for Subsidies, but why lie against NNPC under the cover of APC?

    Sanusi triggered the exchange when he wrote President Goodluck Jonathan to allege that the NNPC failed to remit some $49.8 billion into the Federation Account 3 MONTHS AFTER HE GOT WIND OF THE REPORT INDICTING HIM-WHY SANUSI? hE PANICKED when NNPC took him up, saying he got his facts wrong. A subsequent reconciliation meeting involving the Federal Ministry of Finance scaled down the money to $12billion and then $10.8 billion part of which was said to have been spent to service kerosene and petrol subsidy. Yet he cries foul? What about the 6b contract he gave El Rufai-the money he donated to universities-was it with the approval of the CBN board? Verdict guilty as charged by President Jonathan and the Senate. Hope he is prepared to go to jail since he said he is not scared of prison-