ATIKU QUERIES PRESIDENCY OVER QUICK APPROVAL OF AGIP/ENI PURCHASE

Former Vice President Atiku Abubakar has asked the federal government to explain why Oando Plc, owned by President Bola Tinubu’s nephew, got accelerated approval to buy the onshore assets of AGIP and ENI.

 Atiku, in a statement signed yesterday by his Special Assistant on Public Communication, Phrank Shaibu, said it took Oando Plc owned by the President’s nephew, Wale Tinubu, eight months to get purchase approval while the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays.

He accused Tinubu’s administration of giving Oando undue preferential treatment in the oil and gas sector to the detriment of more competent investors and further accused the president of implementing a sham subsidy regime.

 The 2023 Presidential candidate of the Peoples Democratic Party, PDP, criticized the House of Representatives for failing to take appropriate action on the Nigerian National Petroleum Company Limited, NNPCL, which he said had gone ahead to mortgage the country’s national oil assets to vested interests.