Yoruba group calls for end to crisis between oil dealers, writes Tinubu

The Yoruba Council Worldwide, the apex umbrella body for all Yoruba indigenous people globally, has written an open letter to President Bola Tinubu, asking the Nigerian leader to quickly resolve the crisis between leading oil dealers in the country.

The association believes that the crisis is not doing good to the country’s economy.

According to them, the President must act now and stop certain oil cabals and union leaders who are working assiduously to sabotage the economy.

The Yoruba Council Worldwide cautioned against activities of oil dealers that contravenes Section 317 of the Petroleum Industry Act, PIA, which they believe is a grave threat to national energy security.

In the letter signed by Aare Oladotun Hassan, President, Yoruba Council Worldwide on Thursday, called on the President to order a comprehensive forensic investigation into the activities of some local oil dealers in the country, insisting that this would help provide sanity in the industry.

Hassan said the focus should be particularly on “uncovering alleged sabotage, financial improprieties and regulatory collusion.”

This, he said, would bring about “long-term solutions to stabilize Nigeria’s energy sector. We propose that the President initiate a “Crude Exploration Nationalisation Policy Synergy Scheme.”

“We strongly condemn [a recent] malicious disruption [that] cost Nigeria an estimated N30 billion and was clearly aimed at worsening fuel scarcity and destabilizing price reforms.”