REVEALED: 'NNPC Is President Jonathan's ATM’

Former Lagos State governor and the interim national leader of the All Progressives Congress (APC) Bola Ahmed Tinubu, said the federal government under President Goodluck Jonathan has turned the Nigerian National Petroleum Corporation (NNPC) into its automated teller machine (ATM).

He stated this at a dinner organised by a group, NG, in Lagos on Friday, blaming the Goodluck Jonathan-led federal administration as one spinning recklessly out of control in terms of spending and corruption in the oil sector and other slush funds channelled through government programs to fill the pockets of party loyalists while also lamenting that Nigerians were yet to get a satisfactory explanation on the 400,000 barrels stolen daily.

Tinubu also alleged that the Subsidy Reinvestment Programme, SURE-P, was a drain pipe used for political patronage.

"Like I have maintained previously, the Sure-P project is a drain pipe, a slush fund for political patronage. For instance, the N253.5 billion alleged to have being spent on projects by the Federal government as at December 2013 is not reflective in the lives of ordinary Nigerians. In 2012, about N180 Billion accrued to the Federal Government in Sure-P alone.

"The projection that Nigeria will soon emerge, at least in the next 30 years alongside three other countries as an economic giant by the British Economist, Jim O’Neil will for long be a mirage," he said.

Speaking about the vision and mission of the All Progressive Congress (APC), Tinubu said the party was formed to bring dignity, hope, justice the reality of prosperity and to improve the lives of Nigerians who have nothing.

According to him, they have an ideology which the PDP does not have and cannot understand.