Politics

APC steals N2trn from oil sector, Saraki says

The immediate past Nigerian Senate President, Dr Bukola Saraki, has alleged that N2 trillion was stolen from the oil sector under All Progressives Congress (APC)’s administration.

Saraki made the utterance on Wednesday in Abuja when he met with members of PDP Board of Trustees.

He lamented that the country was broke as Nigeria National Petroleum Corporation (NNPC) contributes nothing to the federation account (FAAC) in the last few months, adding that up to 70 million liters of fuel were stolen daily just as the country loses about $2billion annually to fuel subsidy scam.

The former Kwara Governor who promised to bring corruption in the oil sector to an end if he is elected as President, said: “The economy is weak. No. The country is broke. I am not exaggerating.

“As of today NNPC does not contribute anything to Federation account. 70% of our oil is being stolen it has never been like this before. I am saying this because I know you know is bad but it is worse than you can imagine. Because there are some of us that have an idea of how bad the situation is.

“I cannot be a president and I will be having the kind of theft that is going on in the Niger Delta, depriving hundreds of millions for Nigeria. Today we are losing $3.5b because of the oil theft happening.


“I can provide a bridge between the North and the South in this country today. I can provide a bridge between the Christians and the Muslims in this country today. I can provide a bridge between the young and the old in this country today. I can provide a bridge between what I call the private sector and government leaders.

When we talk about security or insecurity, you must talk about the economy the two go together and you cannot turn around this country if you do not understand the economy. We need to turn around the economy and address the security.

“We talk about restructuring. To implement restructuring, you need a leader and a president that has the political sagacity and the experience of the legislature and the executive arm of government. Otherwise it’s continuing to be just talk.”

Earlier in his response, the PDP BoT chairman, Senator Walid Jubrin, assured Saraki that the BoT which he described as the conscience of the party will be neutral and ensure that all aspirants were given level playing field to contest. (Ntional Pilot)

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