Friday 13 December 2013


“May God grant you the grace for at least one effective corrective action against high corruption, which seems to stink all around you in your government,” Mr. Obasanjo said.

President Obasanjo in a letter to President Goodluck Jonathan, titled: “Before It Is Too Late”, challenged the National Assembly to know that Nigerians were watching to see if it would be accomplice to the crime or redeem itself by probing it.

“When the guard becomes the thief, nothing is safe, secure or protected in the house,” the former President said. “We must all remember that corruption, inequity and injustice breed poverty, unemployment, conflict, violence and, wittingly or unwittingly, create terrorists.”

He said the serious issue of non-remittance of the revenue realised from the sale of crude oil allocation for domestic refining must be thoroughly and transparently investigated and the findings made public.

About $900million per month was reportedly realised from the export of some 300,000 barrels per day of crude oil allocated for local refining, while another $400million returned with refined products were allegedly confirmed by the CBN not to have been remitted to government.
Again, the loading of about 130,000 barrels of crude oil by Atlantic Oil sold by Shell Petroleum Development Company, SPDC, and managed on behalf of the Nigerian Petroleum Development Company, NPDC, he said, had no records that the proceeds were paid into the NPDC account.

“This allegation will not fly away by non-action, cover-up, denial or bribing possible investigator. Please deal with the allegation transparently and let the truth be known,” Mr. Obasanjo warned.

He reminded President Jonathan that the persons linked with the allegation and those they were working for would one day become public knowledge, urging the National Assembly to know that Nigerians are watching what it would do over the issue.

In her reaction to PREMIUM TIMES’ report on the CBN allegation, Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, bushed aside the issues, describing the report as another subject of high profile media attacks on her person from several quarters.

“The aim of these elements is to unduly politicise the management of the economy through a campaign of falsehoods and distortions,” Mrs. Okonjo-Iweala said through her special adviser on Media, Paul Nwabuikwu.

Mr. Nwabuikwu said the pronouncements of those he called political vested interests were based on false information and outright lies disguised as objective comments, pointing out that the campaign to damage the name of the Minister, like previous ones, would fail.

Public Opinion:
Whose administration is more corrupt? Obasanjo or Jonathan' Administration

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