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FG should investigate massive crude oil theft – PRP
The Peoples Redemption Party (PRP) charged the Federal Government on Friday with investigating massive crude oil theft in the country.
The party’s National Chairman, Alhaji Falalu Bello, stated this at a press conference in Abuja.
According to Bello, Nigeria is losing billions of dollars in oil revenue due to illegal bunkering and vandalism of crude oil pipelines.
“The massive crude oil theft of over 600,000 barrels a day is what we are begging President Muhammadu Buhari to address before he leaves office in May.
“Yes, Mr. President, three months is not long enough for you to thoroughly investigate and deal with these serious issues in the oil industry but three months is long enough for you to set up a powerful judicial commission of inquiry on the industry.
“This should be under a reputable and agile retired Justice of the Supreme Court to thoroughly investigate at least, the aforesaid activities in the industry with a view to ascertaining how the frauds have taken place,” he said.
The party chairman also called on Buhari to reverse the naira redesign policy of the Central Bank of Nigeria (CBN).
“We, therefore, ask the president to immediately instruct the CBN governor to return to Nigerians, the old currencies he has caused them to deposit with Nigerian banks.
“The CBN should also allow those old currencies to remain legal tender until the CBN prints enough currencies to replace new ones,” Bello said.
Bello said that the PRP would make agriculture an economically viable sector such that farmers would be guaranteed minimal prices for their produce.
He also promised that girl-child education would be accorded top priority.
