2.96 billion oil scandal: Nigerians demand reform and accountability

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The oil industry in the Nigeria faces another credibility crisis, since a rehabilitation scandal of 2.96 billion US dollars triggers arrests, outrage and renewed reforms.

In view of the former top executives of important refineries, which are now in custody, analysts warn that the sector remains without a complete probe and systemic overhaul in corruption and functional disorders.

The Commission for Economic and Financial Crimes (EFCC) has arrested several former top officials from Port Harcourt, Warri and Kaduna

Top officials under control

In particular, the EFCC arrested ex-management directors Ibrahim Onoja (Port Harcourt) and Efifia Chu (Warri).

The investigators are now examining 1.56 billion dollars that have been assigned to Port Harcourt, 740 million US dollars of Kaduna and 656 million dollars of Warri.

Demands deeper measures about the oil scandal

In response to this, the economist Alex Nnaemeka called for anti-graft agencies to identify and remove accomplices that are still in the state service.

He insisted that officials had to treat the investigation as a national priority.

In addition, he criticized the uneven distribution of oil assets and found how the impoverished Niger Delta suffers, while elites enrich themselves in other regions.

Systemic error exposed

In the meantime, an energy expert beat the scandal as proof of deeply rooted institutional failure.

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He argued that the missing billions could have fined two new modular refineries.

In addition, he revealed the discovery of 80 billion ₦ ₦ 80 billion in a personal account of a suspect and responsible for the government for the neglect of regulatory neglect.

He also rejected official claims about the refinery and called it political theater.

Ignorated raw problems ignored

Similarly, the analyst Godwin Ekpe defeated the decision to rehabilitate outdated refineries without securing crude oil pipelines.

He recommended building smaller, modern refineries and asked the authorities to check NNPCL and former CEO Mele Kyari.

Sustainability in doubt

After all, the expert in public affairs warned Ekweribe Odo that bad government and work riots threaten the livelihood of the long -term refinery.

He demanded determined reforms to break the cycle of mismanagement and betrayal.

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