The African Democratic Congress (ADC) in a statement has accused the APC led government to have allegedly spent $18 billion to repair refineries, and quietly sold it without audit.
Their statement reads:
“The African Democratic Congress (ADC) has noted with deep concern the recent confirmation by the Tinubu administration and the leadership of the Nigerian National Petroleum Company Limited (NNPCL) that the federal government is proceeding with the full privatisation of Nigeria’s state-owned refineries.
This development, coming just months after government officials claimed that the Port Harcourt and Warri refineries had resumed partial operations, raises fundamental questions about transparency and policy coherence.
It would be recalled that the APC government recently announced that the refineries were already working. It is therefore curious that the same government, having spent such humongous amounts on the refineries, is now planning to sell them off.
ADC is concerned about the perennial waste and underhanded dealings in the name of turnaround maintenance that never turned anything around but the personal fortunes of those involved.
