By ISHOLA BALOGUN
The Congress for Progressive Change, CPC, has expressed concern over the report released by the Nigerian Extractive Industry Transparency Initiative, NEITI, on the state of affairs in the nation’s oil industry lamenting that the Nigerian National Petroleum Corporation, NNPC, has become a cesspool of corruption in the last three years.
According to the party, the NEITI report unearthed the irregularities and arbitrariness that attended the operation of the corporation between 2009 and 2011, adding that the trend portend grave danger for the country.
As part of the revelation contained in the report, the CPC said that out of the 445,000 barrels per day meant for local consumption, NNPC sells 356,000 barrels per day thereby making revenue amounting to about $35.6 million daily, despite the Nigerian people’s continued suffering from prohibitive fuel sales without any reasonable palliative or safety nest.
In a statement sent to Saturday Vanguard and signed by the party’s Publicity Secretary, Engr. Rotimi Fashakin, it stated: “we share the anguish of all Nigerians that the NNPC, in the last three years, has become a cesspool of audacious corruption. The burgeoning army of unemployed youths and the attendant socio-economic implications arising from this development portend grave danger for the Nigerian state.”
The party however called on the National Assembly to restore order through the constitutional provision by bringing “errant executive authority” to path of straightness.