The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari to tender unreserved apology to the entire nation for allowing his administration to deceive Nigerians while secretly running an over-bloated and sleazy oil subsidy regime.
The questionable subsidy regime has just been exposed by the Nigeria National Petroleum Corporation (NNPC).
The main opposition party, in a statement by its National Publicity Secretary, Kola Ologbondiyan, said its demand was predicated on the confession by the NNPC Managing Director, Mele Kyari, that the Buhari administration had been running an over-bloated subsidy which, it said was against the national interest.
“Our party holds that Kyari’s open confession is a direct vindication of our stand that the All Progressives Congress (APC)-led administration has been neck deep in serial oil fraud,” Ologbondiyan said.
The party noted that it was appalling that President Buhari castigated previous PDP administrations and announced that oil subsidy existed only as a fraud but he had secretly continued to preside over an over-bloated subsidy regime through which over N14 trillion belonging to Nigerians had been stolen.
“In Kyari’s words, ‘there are many things wrong with the under-recovery … the under-recovery itself is so over-bloated because we are subsidizing the whole of West Africa. That has to stop’.
“From this, it is clear to all that the Buhari administration had not only been covering sleazy oil subsidy regime but also an under-recovery fraud with an international dimension,” Ologbondiyan said.
The opposition party further stated that it was even more distressing that such monumental racket against the nation had been going on under an administration whose leaders parade as saints while swimming in an ocean of corruption.
“Our party charges the Buhari Presidency to immediately name the West African countries that it claims to be subsidizing fuel for and the amount so far spent in such hazy enterprise.
“This is so because there are already insinuations in the public space that the so-called West African countries could be the private purses of corrupt APC leaders and the cabal in the Buhari Presidency.
“It is however saddening that President Buhari had allowed such hemorrhaging of our economic bloodstream into private vaults.
“Now that the Managing Director of the NNPC has summoned the courage to make this confession, after our party counseled government officials to stop lying to Nigerians about trillions of naira claimed to have been paid for subsidy, what is expected of the Buhari Presidency is to, without any further delay, apologize to Nigerians, make restitutions and take immediate steps to recover the over N14 trillion siphoned in oil scams under its watch,” Ologbondiyan added.