THE UNTOLD STORY: How Obasanjo Ran Nigeria’s NNPC As ‘Sole-Proprietorship’ For 8 Years

0
1104
DSS

A new book has told of how ex-President Olusegun Obasanjo ran the Nigerian National Petroleum Corporation (NNPC) as a “sole administrator” for the eight years he led the country.

According to the book titled ‘Too Good to Die: Third Term and the Myth of the Indispensable Man in Africa’, while serving as minister of petroleum resources, the former president never discussed activities of the corporation with government officials until his last days in office.

Obasanjo, who was president from 1999 to 2007, made himself the minister overseeing the nation’s petroleum sector until January 2007, when he relinquished that position.

The only official Obasanjo had in a similar capacity was Edmund Daukoru, his presidential adviser on petroleum and energy, whom he later made minister of state for petroleum resources in 2005.

In the book, the authors – Chidi Odinkalu, former chairman of the National Human Rights Commission (NHRC), and Ayisha Osori, author of ‘Love Does Not Win Elections’ – said Obasanjo was “ultimately responsible for all the decisions made affecting the petroleum sector”.

They told of how he secured approval for all his dealings as petroleum minister in one fell swoop, during one of the last federal executive council meetings.

The authors wrote: “In one of the last working sessions of cabinet in May, 2007, Obasanjo required cabinet to give retrospective approval to all the measures he had taken over the eight years in which he acted as sole administrator of Nigeria’s oil industry.

“Cabinet duly obliged him after recording Vice-President Atiku Abubakar’s objection.

“For this purpose, each minister received their share of the documents they were required to approve in a Ghana-must-go bag. None had the capacity to process or read them. The approval was pro-forma.”




While he served as minister of petroleum resources, NNPC operations were reportedly shrouded in secrecy with little or no accountability in place.

Obasanjo was said to have disregarded due process on several occasions, allegedly bypassing the national assembly on issues of funding and failing to render proper accounts of oil revenue to relevant agencies like the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC).

Interestingly, while serving as military head of state in 1977, Obasanjo had set up a tribunal to investigate the operations of the Nigerian National Oil Company (NNOC, which metamorphosed into NNPC).

Vanguard Newspaper



To Receive Free News Updates, Add To Your WhatsApp: 0802 739 7554; To Publish Your Articles Or News Stories, Email editor@skytrendnews.com.

READ ALSO! More Nigerians Becoming Extremely Poor, 40% Of World’s Poorest To Live There And Congo By 2050

READ ALSO! Why Ambode Cannot Be Lagos Governor For 2nd Term — Tinubu

READ ALSO! More Nigerians Now Living In Extreme Poverty — International Labour Congress

READ ALSO! 10million More Nigerians Have Been Lifted From Poverty Under Buhari — Presidency Says

READ ALSO! Buhari Reacts To Boko Haram’s Threat To Kill Leah Sharibu

READ ALSO! More Nigerians Getting Killed, Getting Poorer, Hungrier Under Buhari’s Incompetent Regime — PDP

READ ALSO! More Nigerians Have Been Murdered In Attacks Since January More Than Entire 2017 — Amnesty International

READ ALSO! 10million More Nigerians Have Been Lifted From Poverty Under Buhari — Presidency Says

READ ALSO! More Nigerians Travelling Out Due To Economic Hardship, Over 500,000 Since 2016

READ ALSO! The Smart CEO: Top 5 Websites To Get Cheap Domain Name Registration

READ ALSO! More Nigerians In Kano, Katsina Now Using Hard Drugs — Group Says

READ ALSO! More Nigerians Dying Hourly From Tuberculosis, 18 Every Hour — WHO

READ ALSO! Between GoDaddy And Namecheap: Making The Best Choice For Domain Name Registrar

READ ALSO! Nigeria Couples: Now You Can Know If Your Partner Is Cheating On You; SEE 11 SURE Ways