The Allied Peoples’ Movement (APM) has asked the Economic and Financial Crimes Commission (EFCC) to investigate what it described as a N12 trillion discrepancy in reported savings from the removal of petrol subsidy.
The party is also calling for questioning of Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, his predecessor Wale Edun, and officials of the Ministry of Petroleum Resources.
APM National Publicity Secretary, Abubakar Yusuf, said the figures released by government officials require clarification.
The party questioned how Oyedele could put subsidy savings at N15.8 trillion, when earlier figures under Edun reportedly indicated that about $20 billion, or N27 trillion, had been saved as of November 2024.
“The APM therefore petitions the EFCC to investigate the N12 trillion discrepancy by inviting the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, his predecessors in office, Wale Edun as well as officials of the Ministry of Petroleum Resources for questioning,” Yusuf said.
APM also urged the National Assembly to conduct an open inquiry into the figures, arguing that Nigerians deserve a clear account of the subsidy savings.
According to the party, the alleged N12 trillion difference could have funded major infrastructure and economic projects. It claimed the amount could finance a 250,000 to 300,000 barrels-per-day refinery, potentially creating jobs, attracting related investments and helping reduce petrol prices.
The party also said the money could fund about 1,000 kilometres of standard railway connecting Lagos, Abuja and other parts of the country, which it said would improve transportation and commerce while reducing pressure on roads.
APM described the alleged discrepancy as troubling and accused corrupt officials and associates of the Tinubu administration of potentially diverting subsidy savings.
The party said it would continue demanding accountability until every naira from the subsidy savings is accounted for.
Source: Allied Peoples’ Movement (APM), statement by National Publicity Secretary Abubakar Yusuf.
