FG’s plan to remit crude oil sale revenue to CBN account illegal – Atiku Abubakar

The presidential candidate of the PDP in the last general election, Atiku Abubakar, has described the directive from the federal government to remit revenue from the sale of crude oil to the Central Bank of Nigeria as illegal.

Atiku, who made this statement on Thursday, said the plan violates the status legal status of the Nigerian National Petroleum Company Limited (NNPCL) as well as threatens the autonomy of the company.

According to him, State-owned enterprises are not subject to such arbitrary orders and have full control over their finances within the confines of their respective establishment laws.