Oil Subsidy Regime: PDP Accuses Buhari Of Corruption

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By Ayomide Jayeoba


President Muhammadu Buhari has been alleged of corrupt practices by the Peoples Democratic Party over the questionable way he has been running the subsidy regime since he assumed power in 2015.

In a statement by its National Publicity Secretary, Kola Ologbondiyan obtained by ECHO NEWS on the party’s official Twitter handle @OfficialPDPNig, the major opposition party in the country challenged President Buhari to submit himself for an independent inquest into his handling of the N1.4tr oil subsidy regime.

The statement reads: “We challenge President MBuhari to submit himself for an independent inquest into his handling of the N1.4 trillion oil subsidy regime as well as the alleged complicity of his dency in other exposed financial impropriety by cronies of his government.

“Such inquest, which is already backed by state governors across board, will not only expose humongous corruption but also show to the world that our African Union Anti-Corruption champion had not been totally spotless.

“We invite Nigerians to note that the demand by governors to probe all subsidy deals since 2015 is a direct indictment on @MBuhari as the Minister of Petroleum, particularly, following allegations that the stolen funds are being warehoused to fund his 2019 re-election .

“If @MBuhari allow the inquest, it will reveal how our president, who had queried the genuineness of the oil subsidy payments by PDP administration and described the process as a fraud, had secretly engaged in underhand oil subsidy deals.

“Nigerians will also understand how the cost of fuel geometrically rose from the PDP subsidized cost of N87 to N145, representing a criminal N58 tax, per liter of fuel.

“Nigerians will recall that it took over two years of secret oil subsidy deals under @MBuhari, before it was exposed last December.

“Since then, the Presidency and the @NNPCgroup have been seeking ways to cover the fraud which include claims of increase in local consumption

“We therefore demand that the inquest covers the alleged N15 billion stolen from NHIS, N18 billion stolen from PINE initiative, the alleged leaked memo of N9 trillion corrupt oil contracts at the @NNPCgroup, the reported diversion of N1.1trillion worth of crude last year.”


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