The Peoples Democratic Party Governors’ Forum on said the revenue leakages happening in the Nigerian National Petroleum Company Limited were a result of the President, Muhammadu Buhari’s continued oversight of the portfolio of Minister of Petroleum Resources.
This is as they called for the urgent separation of the two portfolios.
The governors disclosed this in a communique issued after their meeting in Aba, Abia State.
“We believe that all these leakages in NNPC have been made possible because the President is also the Minister of Petroleum. The urgent separation of these two portfolios has become necessary,” the governors insisted.
The communique, read by the chairman of the PDP Governors Forum and governor of Sokoto State, Aminu Tambuwal, noted that the NNPC deducts N8.33bn monthly for the rehabilitation of the refineries in Nigeria but no refinery is working to date.
They also noted that the NNPC deducted N788.78bn for various investments between 2018-2021 for priority projects in the oil and gas sector, without recourse to the Federation Accounts Allocation Committee.
Therefore, they rejected claims by the NNPC that it paid about N1tn in petroleum subsidy in one year
