Fidelity bank banner Bayelsa State banner
Fashola raises ‘serious questions’ over missing oil billions •Taks ICAN, National Assembly on probe of NNPC

By News Express on 10/01/2014

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,604

Lagos State Governor Babatunde Fashola has blamed the Nigerian National Petroleum Corporation (NNPC) for the death, Tuesday night in an oil tanker-induced inferno, of hapless Nigerians in the Apapa area of the state. The death toll in that fire disaster has been variously put at anything from 15 to over 52, in addition to the loss of property worth billions of naira.

An anguished Fashola yesterday lashed out at the NNPC, accusing it of a culture of waste and corruption. He said that if the money realised from oil were judiciously used, those who died in the Apapa blaze and other parts of the country wouldn’t have died. He spoke after inspecting the Igbogbo Housing Estate, the rehabilitation of Awolowo Road in Ikorodu and some other ongoing projects.

Baring his mind on the unaccounted oil revenue, the Lagos Governor said: “When one looks at the waste in the NNPC, now we are talking about the $45 billion that was missing. They seem to be quite satisfied to tell us that it was only $10 billion that was missing, that was a lot of money. One dollar of public money is a lot of money.

“But later they told us that they spent the money actually. Now serious questions must be asked by the National Assembly, ICAN (Institute of Chartered Accountants of Nigeria) and Nigerians that who appropriated the money? Was it spent during the period that the CBN governor said that they didn’t account for the money or was it before? And if there was appropriation for it, then we can now begin to seriously talk that were they the right places to spend the money?”

Declaring that these are “serious questions that we all must ask at this moment,” Fashola regretted that Nigeria, despite huge oil revenues, is one of the few oil producing nations in the world still transporting fuel with trucks through the cities due to massive corruption that diverts funds which should have been used for development into public pockets.

•Photo shows Governor Fashola.

Source News Express

Posted 10/01/2014 6:15:40 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
Why we sent troops to Tompolo’s village: Army...

NUJ lauds El-Rufai over colleague’s appointment

Economist to FG: Use ‘development intelligence’ for job...

First Lady Dame Jonathan slims down

Boko Haram: Protesting traders ground economic activities in...

Court sentences 528 to death in Egypt

Mugabe back home after medical review in Singapore...

Whither Rangers International FC?

Expert advocates more measures to curb tuberculosis

N2.8bn Fraud: Trial of Ex-NBC Boss, others begin...

Thieves target Winnie Mandela, steal birthday cash

Daring Nigerian drug trafficker escapes from Indian cell...


Latest News 2019: Ambode offered ‘big federal job’ to abandon governorship bid Woman sells baby to raise money for Christmas Delta community petitions Buhari over Army’s refusal to return occupied land Leadership tussle tears Enugu APC apart Disease outbreak looms as floods spread National Assembly passes another amended version of Electoral Act Amendment Bill Buhari, 87 other Presidents to address 73rd Session of United Nations General Assembly Over 100,000 cases pending in Federal High Court, CJ reveals Ohanaeze seeks to promote Igbo language in Lagos 1.3bn people at risk of tuberculosis — WHO Flood: Obiano summons emergency meeting of stakeholders Enelamah calls for active collaboration between private sector and government


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (394,252 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (375,600 views) Shameless Genevieve Nnaji exposes breasts in public (307,086 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (249,739 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (231,238 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,115 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (199,206 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (180,817 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (164,902 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (162,905 views) Lagos plane crash: Journalist releases victims’ names (157,566 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,456 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (62) Business & Economy (3,608) Business Verdict (51) Columnists (927) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (546) Features (651) Global Business Monitor (299) International (2,407) Interview (164) Live Commentary (28) Love Matters (143) News (38,968) Opinion (1,105) Pidgin (11) Politics (6,626) Religion (866) Sports (1,693) Stock Watch (33) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




I am Imo State's New Governor -- Okorocha's son-in-law Uche Nwosu...


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera