Former Vice President Atiku Abubakar accuses President Bola Tinubu of corrupt practices in the oil sector, alleging undue control over OVH, linked to Oando Plc. Atiku questions the integrity of NNPC’s operations and legislative investigations while Wale Tinubu defends Oando’s 2015 divestment from downstream operations.
Former Vice President Atiku Abubakar has accused President Bola Tinubu of improperly intertwining his business interests with Nigeria’s oil industry, specifically targeting OVH, an oil company reportedly linked to Oando Plc, which is owned by Wale Tinubu. Despite divesting from downstream operations in 2015, Atiku claims that Tinubu has continued to leverage his influence to benefit his associates and family members through strategic control of key oil sector assets.
In a statement from his media aide, Paul Ibe, Atiku criticized the recent acquisition of OVH by the Nigerian National Petroleum Corporation (NNPC), which he says has now placed OVH under NNPC Retail’s control. He argues that this move reflects a broader pattern of Tinubu’s attempts to integrate his business interests into both Lagos State and federal enterprises. Atiku expressed concern that his previous efforts to reform and privatize NNPC have been obstructed by what he views as entrenched corporate interests favoring Tinubu’s network.
Atiku also raised doubts about the transparency of the legislative investigation into NNPC, citing potential conflicts of interest among the panel members. In addition, he questioned the legitimacy of recent infrastructure projects, alleging conflicts of interest involving Tinubu and his associates.
Wale Tinubu has firmly denied these allegations, stating that Oando sold its downstream business back in 2015 and has no current involvement with OVH. He criticized Atiku for making unfounded claims and dragging Oando into political controversies.
