knowingly celebrating a scam on Nigerians. PENGASSAN has also been in the forefront of opposing the amendment of the Petroleum Industry Act, 2021 in a manner that would allow the Federal Government to restructure the equity holdings of some of its upstream Joint Venture assets and thereby provide much-needed liquidity for the Government while injecting private-sector funding and expertise for the management of the assets. This is reminiscent of the inglorious role of the same PENGASSAN and its allies in aborting the sale of the Port Harcourt and Kaduna refineries in 2007.
“Dangote Group is the highest employer of labor in Nigeria and the highest contributor to the tax revenues of Nigeria and its sub-nationals. What comparable social responsibility has PENGASSAN, with its billions of Naira in monthly check-off dues and subscriptions, lived up to? Can it publish publicly its account for the last 10 years and list out its corporate responsibility activities within that timeframe?
“Dangote Refinery is a national asset that must be protected by the Nigerian State and its people. It must not be threatened by the PENGASSAN oligarchs and their co-travelers. The threatened action by the Association against Dangote Refinery threatens the economic recovery and energy security of Nigeria. We must not allow the Association and its co-conspirators to sabotage and imperil the economic recovery and energy security of the country. The economic recovery of Nigeria must not be derailed and/or reversed by PENGASSAN. To paraphrase the perverted and abused sayings of the Association, no Association, not even PENGASSAN, “is bigger than our country”. “An injury” to Dangote Refinery by PENGASSAN, “is an injury to all”.
“We conclude by reasserting the opacity and lack of transparency in the operations of PENGASSAN as evident in its failure or inability to publish its audited accounts over the years. Why has the watchdog which the Association and its partner, NUPENG, profess to be, failed these several years to publish their respective audited accounts and be accountable to their members and the Nigerian people?
“We challenge both PENGASSAN and NUPENG to publish for the Nigerian public, within 7 (seven) days of this publication, their respective 10 (ten) years audited accounts, failing which they should permanently bury their heads in shame.”
