Atiku demands probe of N17.5tn pipeline security spending

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Former Vice President Atiku Abubakar has criticised the administration of President Bola Tinubu for spending N17.5tn on pipeline security and related expenditures in a single year, demanding a probe of what he described as a financial scandal and “a moral indictment on the Tinubu administration”.

In a statement issued by the Atiku Media Office on Sunday, the former Vice President noted that the expenditure exceeds 12 years of Nigeria’s fuel subsidy, arguing that it primarily benefits the President’s associates and political allies.

“The report that the Nigerian National Petroleum Company Limited spent a humongous N17.5tn in just 12 months on ‘securing fuel pipelines and others’ stands as one of the most brazen financial scandals in our nation’s history,” Atiku said.

He contrasted this with the N18tn spent on fuel subsidies over 12 years, a programme that cushioned millions of Nigerians, stabilised transport costs, and kept food prices manageable. Punch