Former Vice President Atiku Abubakar has criticized President Bola Tinubu’s administration, questioning why Oando Plc, owned by Tinubu’s nephew, received fast-tracked approval to purchase AGIP and ENI’s onshore assets.
Atiku pointed out that other deals, like the Shell/Renaissance and Mobil/Seplat transactions, are facing delays. He also accused the government of maintaining a “sham subsidy regime” as revealed by the Nigerian National Petroleum Company Limited (NNPCL), alleging that the subsidy payments are being used to fund the 2027 elections.
Atiku emphasized that Oando is receiving unfair advantages, which he believes is detrimental to other investors.
Additionally, he criticized the House of Representatives for not taking proper action against the NNPCL for mortgaging the country’s oil assets to vested interests. He noted that while Oando’s deal was approved within eight months, other deals remain stalled.
Atiku concluded by stating that democracy in Nigeria has been reduced to serving Tinubu and his family members.
