Group fumes over non-remittance of oil revenues into Federation Account

From: Femi Oyelola, Kaduna

A group under the auspices of Mega National Movement for Good Governance (MNMGG) has expressed dismay over Nigeria’s losing billions of Naira not remitted to the Federation account, calling on President Bola Ahmed Tinubu to probe the oil sector, particularly the activities of the Nigeria National Petroleum Company Limited (NNPCL).
The spokesman of MNMGG, Ibrahim Tijani asserted this during a press conference held in Kaduna yesterday.
MNMGG said despite the series of protests by individuals and groups in the country to the Government concerning the corruption and poor handling in the NNPCL and oil sector, no effort has been made by the Government to remedy the situation.
The Group also called on President Bola Ahmed Tinubu to immediately sack the present Management of the NNPCL, led by Mele Kyari, probe the company, and restore confidence in the revenue accruing from Nigeria’s oil remittances to the federation account.
“Therefore, we urge President Bola Ahmed Tinubu to take action and fire and probe Mele Kyari and present Management. This is crucial for the transparency, accountability, and development of the Nigerian petroleum industry.”
The Northern group alleged, “Given the numerous allegations of financial improprieties and the lack of accountability within the NNPC under Kyari’s leadership, he must be removed from his position”.
Tijani remarked that “the Federal Government must take immediate action to address these issues and ensure that those responsible for corruption and embezzlement are held accountable”, pointing out that “the Nigerian people deserve transparency, accountability, and a leadership that prioritizes the country’s economic stability and the well-being of its citizens”.
“It is crucial to address these allegations, conduct a thorough investigation, and prosecute those responsible for corruption and fraudulent practices. Restoring transparency, accountability, and financial stability within the NNPC is essential for the well-being of the Nigerian economy and its citizens.”
He explained that “the Mega Movement, consisting of 19 youth groups, NGOs, and CSOs, is deeply concerned about the instability of the prices of petroleum products resulting from the somersault in policies.”