A former Nigeria President, Olusegun Obasanjo said over 80 percent of Nigeria’s crude oil was stolen.
Obasanjo stated this in Abuja at a book launch titled, ‘Court and Politics,’ written by Dr. Umar Ardo, a former associate of the ex-Vice President, Atiku Abubakar.
Former president Obansanjo, says one of the reasons why Nigeria’s economy is in ruins is that while other oil-producing countries have records of their oil production, Nigeria cannot give account for hers due to oil theft, stating that over 80 percent of Nigeria’s crude oil were stolen.
Obasanjo, who was represented by a former governor of Niger State, Babangida Aliyu, said crude oil theft is one of reasons the Nigerian economy would be in ruins.
The former president said while the crude oil quota is about two million barrels per day, over 1.7 million are stolen.
Speaking on the call for Nigeria to return to the parliamentary system, Obasanjo said there is nothing wrong with the presidential system, adding that Nigerians do not play by the rules.
This is coming as a former Chairman of the Northern Elders Forum (NEF) and ex-Vice Chancellor of Ahmadu Bello University (ABU), Prof. Ango Abdullahi, has passed a judgment on Nigeria’s leadership, saying it has failed the people.
Abdullahi added that there was a need for the country to be rescued from the leadership deficit, profiling solutions as to parliamentary system of government..
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