Former Aviation Minister, Femi Fani-Kayode, has condemned President Muhammadu Buhari for moving to “devour” top APC members as he opined that Buhari is using government agencies to cripple the Business concerns of top party chieftains. This is highlighted by the recent suspension of the Oando group by the Securities and Exchange Commission (SEC) on the floor of the Nigerian Stock Exchange.
Fani-Kayode listed former Vice President, Atiku Abubakar; Senate President, Bukola Saraki; APC National leader and former Lagos Governor, Bola Tinubu as some of those Buhari is humiliating despite their support which ensured he won the 2015 presidential election.
In a tweet on Friday, the former presidential spokesman wrote: “NBC has shut down Radio Continental, owned by @BolaAhmedTinubu. SEC is investigating Oando, an oil company owned by Tinubu’s cousin.”
“They humiliated @bukolasaraki, they have started on @atiku and now they are getting set for @BolaAhmedTinubu. @MBuhari is devouring his own children.”
Recall that Intels Nigeria Limited, an Oil and Gas Logistics Company, co-owned by Atiku, is embroiled in a stand-off with the Buhari Government and the Nigeria Ports Authority.
On order of the Government, the NPA had terminated the boats pilotage monitoring and supervision contract it had with the company over the alleged refusal of the company to get on the Treasury Single Account (TSA) Platform. A claim Intels has subsequently denied, pointing fingers at the NPA for supposedly frustrating their efforts to comply.
Likewise, on Wednesday, the Nigerian Stock Exchange (NSE) was directed by the Securities & Exchange Commission (SEC) to place the shares of Oando Plc on suspension for 48 hours, effective immediately, after which a technical suspension kicks in on expiration of the 48-hour period. Oando is co-owned by Wale Tinubu, a cousin of the former Lagos helmsman, where he also serves as the Group’s Director.