Social Democratic Party (SDP) presidential candidate in the just concluded presidential election, Prince Adewole Ebenezer Adebayo, has decried the magnitude of revenue lost by the country.
Decrying the volume of losses, Prince Adebayo said: ”We are a country of accomplices. We don’t like corruption, but we praise our leaders who are stupendously rich. Nigeria is losing 80% of its revenue outside the book. The oil being stolen and sold is more than the official being declared. If you judge what is in the budget, you have already missed your way because the majority of Nigerian money is spent outside the budget such that by the time the budget is brought, the money is already gone.
”The majority of the money collected in Customs isn’t accounted for except you want to tell me you haven’t brought the container into the country before.
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You pay more to the people than the government on many occasions. If you sell 100 barrels of oil, NNPC won’t collect more than 15 barrels because 85 barrels have disappeared.
I have said this several times during the campaign, but nobody seems bothered. In Holland, there are tank farms storing Nigerian stolen oil, same with China. We have stolen oil there that was not paid for. It got to a point, especially during the election, when some Chinese approached the Nigerian embassy official and told him that ‘we have your crude here with us let them know that we haven’t paid for the crude and it is here with us’.
”The person is still alive. He went to meet the late Abba Kyari (Buhari late Chief of Staff) and said, “Sir, I am your trade officer in China.” The man’s name is Agboluaje. He said billions of dollars sold that it has not been paid for. He said he (Kyari)should bring all the documents. He brought the documents. That was the last time he entered the villa.”