Fidelity bank banner UBA banner
Aso Rock deliberately making EFCC redundant and ineffective —Ibrahim •Indicts govt. over oil theft

By News Express on 05/12/2014

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

Views: 1,860

The Nigerian Government has been accused of deliberately making the Economic and Financial Crimes Commission (EFCC) redundant and ineffective.

The allegation was made by frontline political scientist and activist, Dr. Jibrin Ibrahim, while appearing as the premier guest of HEDA Resource Centre’s weekly tweet chat session (#MondayTango on Monday, December 1, 2014) which focussed on ‘Oil Theft and the Nigerian Economy’.

Dr. Ibrahim blamed the sharp increase in oil theft in the Niger Delta to the high level of corruption in the country, as well as the deliberate attempt in making the EFCC redundant and ineffective.

The Nigerian Government, according to him, does not have any active systems that could check the level of corruption in the oil sector, and the economy, in general. He went on to compare the contemporary Nigerian system with that of the First Republic, when, according to him, “stealing 5% of a project budget will take you to jail because systems were in place.”

Dr. Ibrahim described the current fall in oil prices as a welcome development, saying that its sustainability would ensure accountability and a return to taxation by the political class.

In response to the question on the cause of irregular figures of bpd lost to oil theft, Dr. Ibrahim stated that rentiers deliberately give different figures as a means of covering the active level of corruption in the sector. He cited Angola as one of the countries where accurate figures are always given because the country (Angola) “placed metres on all pipelines so they know (the) exact production” of oil.

Dr. Ibrahim stressed the fact that the Nigerian Government has refused to follow the footsteps of the Angolan Government in this regard, even though the metres, if placed, would help monitor the production and export of oil from the country.

The activist opined that the ruling class (Presidents inclusive) in the country has been the only beneficiaries of oil exploration activities. He buttresses this point by stating, categorically, “how an American court judgement showed that an oil company bribed four successive Nigerian presidents.”

Dr. Ibrahim rounded up the session by stressing that the Nigerian Government is not transparent in its fight against oil theft. “The Nigerian Government exists on the basis of deepening oil theft,” he declared.

•Photo shows Dr. Jibrin Ibrahim.

Source News Express

Posted 05/12/2014 6:15:06 PM


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




You may also like...
Ekweremadu’s faux pas

New Capital Requirement: CBN extends compliance time for...

Nigerian Army to deploy troops to trouble spots...

Ayade to punish perm secs, directors for lateness...

Labour Ministry formulates industrial relations regulatory framework

$1bn Eurobond: Fayose knocks FG, seeks explanations on...

Journalist hastily imprisoned for alleged false report about...

Fuel scarcity to end soon, says NUPENG

Gunmen kill 8 family members in ‘execution-style’ shootings...

Forensic Auditors Bill: Fraudsters after us, CIFIA President...

Man sacks wife (in Abuja) for converting to...

Pan-African trade bloc faces lengthy obstacle course


Latest News NDLEA operatives kill trader inside Kano market 2019: Igbos in the north will vote for Atiku — Group Ekiti’s economy heading for emergency — Fayemi Daughter drags father to court for refusing her marriage Bayelsa Government posts N4bn as balance of funds for Sept. 2018, declares N1bn IGR EFCC gets new head of operations Woman bags 9 years jail term for human trafficking Reps demand urgent negotiation with Boko Haram for release of captives Senate invites IG over alleged threat to Melaye’s life Reps shun debate, approve Buhari’s virement of N831bn for elections Strike: ASUP gives FG 21 days ultimatum Vincent Kompany’s father makes history, becomes Belgium’s first black mayor


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,755 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,344 views) Shameless Genevieve Nnaji exposes breasts in public (314,694 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,863 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,363 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,266 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,045 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,524 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,080 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,857 views) Lagos plane crash: Journalist releases victims’ names (161,464 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,253 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,682) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,533) Interview (165) Live Commentary (28) Love Matters (145) News (39,654) Opinion (1,123) Pidgin (13) Politics (7,243) Religion (880) Sports (1,731) Stock Watch (35) AMA & Al Jazeera Global Update


Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner




Fulham vs Arsenal 1-5 All Goals & Extended Highlights


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera