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Missing Oil Funds: Arewa Youths Fault Planned Protest Against NNPC Boss

Andrew-YakubuThe umbrella body for youths in northern Nigeria, the Arewa Youth Forum (AYF) has kicked against the threat of demonstration against the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, over alleged unremitted oil funds to the federation account.

National Director, Public Affairs, of AYF, Bello Abdulhamid, yesterday described those behind the move to protest at the National Assembly over the issue of alleged unremitted funds as trying to score cheap political points.

AYF’s spokesperson, who was addressing a press conference in Abuja, said it is a known fact that the relevant committee of the National Assembly had waded into the matter and ordered a forensic audit to resolve the controversy surrounding the alleged missing funds.

The suspended Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, had alleged that the NNPC failed to remit $20 billion to the Federation Account between 2012 and 2013. His weighty allegation prompted the Senate to direct its Committee on Finance to swing into action by establishing the veracity of the allegation.

Abdulhamid noted that the forum had continuously stood against injustice and mis-governance in the country particularly in the North, hence it decided to bare its mind on the allegation rocking the oil sector.

The “threat of demonstration by a faceless group”, he said, “is unwarranted and a calculated attempt to preempt the independent forensic audit report, which the National Assembly has directed to be carried out. AYF as a major stakeholder in the Nigerian project views this as unfair and unreasonable”.

He said: “As patriotic Nigerians, we would like to see a transparent and proper resolution of the allegation of unremitted oil funds.

“It is, therefore, a welcome development when the Senate Committee on Finance asked the Federal Ministry of Finance to conduct a full-scale forensic audit on the said missing funds and to report back within one month”.

He advised Nigerians, including those issuing threats of demonstration, to await the result of the forensic audit instead of plotting to pre-empt the outcome of the measure.


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