Connect with us

FEATURED

I’ll Give NNPC Out Even If I’m Killed In The Process – Atiku

Published

on

Alhaji Atiku Abubakar, Presidential Candidate of PDP, has made clear again that he would privatise the Nigerian National Petroleum Corporation (NNPC) even if it cost him his life.

The opposition Peoples Democratic Party’s candidate made the vow again on Wednesday while addressing the business community in Lagos.

Brushing aside the controversy generated when he first made the promise, he repeated: “I am committed to privatising NNPC, I said it.”

“I swear, even if they are going to kill me, I will do it,” he said.

Atiku also said that his emergence in power would lead to prosperity.

“I am also not going to enrich members of my family but my friends.

Advertisement
Article Banner

“Are my friends not entitled to be enriched? As long as there is no element of corruption there.”

The News Agency of Nigeria, NAN reports that the plan to privatise the state oil company and sell the four refineries had earlier been criticised by stakeholders and financial experts, including the Chief Executive Officer (CEO) of Financial Derivatives Company, Mr. Bismarck Rewane.

Rewane had asked the candidate to tell Nigerians who he wanted to sell the NNPC to and how he intends to go about it.

“I agree that the NNPC should be privatised, but selling to who?”

“You must not just say you are going to sell, you must tell us how, and to who? he questioned.

“Tell us who and who, and how you are going to ensure that it is not sold to your own cronies.

Advertisement
Article Banner

“One of the big risks of privatisation is the Russian model, where you have chronic capitalism.

“If you have businessmen, who are in government like Donald Trump, you want to make sure that both the government and the people are protected from conflicts of interest.”

Mr Rewane called on the Atiku to guard against selling to “our own cronies”, in the name of privatisation.

Established in 1977, the NNPC is the oil corporation through which the federal government regulates and participates in the country’s petroleum industry.

It is by law manages the joint venture between the federal government and a number of foreign multinational corporations,

Advertisement
Article Banner
Continue Reading
Advertisement
Click to comment
FEATURED2 minutes ago

DSS Suspects Sentenced to Death in Kogi, Kaduna, and Katsina Over Kidnapping Cases

FEATURED3 hours ago

First EFCC Witness Testifies in Trial of Edidiong James’ Alleged $41,000 Romance Scam in Uyo

FEATURED3 hours ago

“Prophet Koboko” in EFCC Net for Allegedly Defrauding Church Members of N70.3m in Enugu

METRO3 hours ago

Borno Police Impound 78 Vehicles With Unregistered Number Plates, Charges Offenders to Court

FEATURED4 hours ago

Hakeem Baba-Ahmed Laments Security Failure, Narrates How He Spent ₦175m to Save Abducted Nephew, Others After Official Rescue Efforts Failed

FEATURED6 hours ago

‎Lagos Arrests 226 Street Beggars in Renewed Crackdown on Public Nuisance

FEATURED8 hours ago

Pandemonium as Fire Guts Polaris Bank Tower on Lagos Island, Forcing Emergency Evacuation ‎

FEATURED13 hours ago

‎Counterfeit Cosmetics, Food, Drinks Top Nigeria’s Fake Seized Products – NAFDAC ‎

FEATURED16 hours ago

‎Over 16,000 Doctors Leave Nigeria in Five Years, Leaving Only 55,000 Practicing Nationwide

FEATURED18 hours ago

‎Trump: U.S. Was Four Weeks Away From Exhausting Oil Reserves Before Iran Deal ‎

FEATURED1 day ago

I’m Fully Vindicated of 11-Year-Old Case That Tormented Me and My Family – Diezani Celebrates UK Court Acquittal

FEATURED1 day ago

‘Security Agents Are Not Magicians’: Gov Oborevwori Explains Why Communities Must Expose Terrorists

METRO1 day ago

Cultists Allegedly Hack Man to Death in His Residence in Warri

FEATURED1 day ago

32 Suspected Cultists Arrested in Delta as Police Recover Four Firearms, Live Cartridges, Illicit Drugs

bolt driver
Defense and Security1 day ago

‎Reps Minority Caucus Gives FG 72-Hour Ultimatum to Rescue Abducted Oyo Schoolchildren

Advertisement
Advertisement

z

   


Article Banner