– Senate President Bukola Saraki has accused the EFCC
of harassing government officials instead of focusing
on the corruption in the petroleum sector
– He expressed shock at the level of corruption in the
oil sector and advised the EFCC on how to go about
– The NEITI report states that the NNPC did not remit
$12.9 billion to the federation account between 2005
Embattled Senate President Bukola Saraki finally had an
opportunity to fire at the Economic and Financial Crimes
Commission (EFCC) on Tuesday as he accused the agency of
focusing attention on harassment of government officials
instead of investigating alleged corrupt practices at the
Nigeria National Petroleum Corporation (NNPC).
Saraki said Nigeria was only paying lip-service to the fight
Saraki at the cort premises for his trial by the Code of
The Senate president who is facing trial for under-
declaration of his assets, spoke when a delegation of the
Nigeria Extractive Industry Transparency Initiative (NEITI)
led by its executive secretary, Waziri Adio, presented the
audit report of the organisation to him.
At one of the hearing recently, the prosecution witness,
Michael Wetkas, gave more details on the property
acquired by Saraki at the Code of Conduct Tribunal during
cross-examination today in Abuja.
According to The Cable, Saraki advised the EFCC to channel
its energy into recovering looted funds in the oil sector.
The NEITI report states that the NNPC did not remit $12.9
billion, being the sum of dividends, interest and loan
repayment from the Nigeria Liquefied Natural Gas (NLNG),
to the federation account between 2005 and 2013.
Apart from this, the report reveals that Nigeria lost $518
million to offshore processing arrangement and crude for
product swap arrangement in 2013
Saraki said: “I studied the report in the early hours of this
morning, and honestly I was just dumbfounded about the
figures that we are talking about.
“This is just 2013, one year’s report. It is not cumulative. In
one year’s audit report you are talking about figures of over
$3.8 billion; at that time I am sure the rate was close to
N150 per dollar.
“So you are talking about N650billion. Then you are talking
about another N358billion which brings it close to about
“Then you are talking about assets that were undervalued
and transferred to NPDC but still no payment was made.
“You are talking about NAPIMS paying cash calls for an
asset that doesn’t belong anymore to NNPC and you truly
wonder that this is going on right under our nose here in
READ ALSO: Evidence tendered against Saraki was
incomplete – Witness
“What is the ICPC doing? What is the EFCC doing? This is
what is killing this country.
“Honestly, I just concluded that as a country I don’t think
we are serious. We are just paying lip service to this issue
of fighting corruption because this is the real terminology
of economic sabotage.
“This is what I believe agencies that are truly fighting
corruption should have taken up. Meanwhile you see them
sometimes chasing a local government chairman for
N10million or chasing even the state governments for less
“These are just astronomical figures and nobody is being
asked where the authority came from. Even if you say it
was a minister, do we have where managements of those
organisations have been able to say this is not what should
“There are people who are responsible in management to
advise on what should be done.
“And these people am sure are just walking the streets up
and down without anybody asking them any question. It is
“Honestly, we must begin to do something about this
because unless we do that we are just wasting our time. We
are just chasing areas that maybe catch news headlines but
they don’t have any effect.”