Segun Sanni, the Chief Economist of Afenifere, on Wednesday suggested that the government should probe the Nigerian National Petroleum Company Limited, NNPCL, the way Central Bank of Nigeria, CBN, was investigated.
This is even as Sanni accused the NNPCL of being the most corrupt and inefficient organisation in the world.
He stated this while fielding questions on Channels Television’s Sunrise Daily programme on Wednesday.
Sanni explained that the company does not own Nigeria’s oil, but only trade it for Nigeria and collect the money.
According to him, if the NNPCL is investigated for the oil Nigeria is losing, the country will be able to track where its money is going
“What I will suggest is that the same way we investigated CBN, the NNPC needs to be investigated,” Sanni said.
“I believe that if we investigate the NNPC for the oil we were losing – about a million barrel of oil per day for about two years or there about, where did that money go to and all the corruption that attended the subside regime? we can make some good recovery on that.
Sanni further lamented that the nation’s debt multiplied by ten between 2015 due to the expenses of NNPCL
