It is indeed shocking that, despite consistently high international crude oil prices, Nigeria’s income from crude oil has been declining sharply, affecting state finances, foreign reserves and the naira against other currencies. In its bid to unravel the sharp practices in the NNPC, all the committees set up to investigate it has always come up with indicting verdicts but nothing had been done and no one has been brought to book.
Even with all the cries by the CBN governor that the NNPC is saying something different on paper and acting in a different manner financially with the apex bank, yet the Presidency is acting like it's business as usual.
No wonder APC national leader, Bola Tinubu described NNPC as President Jonathan's ATM. Really sad!
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