The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN) has called on the federal government to immediately dismantle entrenched cabals within the oil and gas sector to enable the industry to achieve its full potential. CIFCFIN’s Chairman, Governing Council, Dr. Iliyasu Gashinbaki, made the call in a statement to mark Nigeria’s 65th Independence Day anniversary, urging a four-pronged approach to eliminate systemic obstruction and economic sabotage in the sector. He said the government should invoke all relevant legal instruments, including the Petroleum Industry Act (PIA), to classify such obstructive actions as economic sabotage. He also advised the government to assert its executive authority against individuals or groups holding the economy to ransom and eroding public trust in governance.
Strategic national assets, like the Dangote Refinery, ought to be classified as critical infrastructure that needs the highest level of security, he said.In order to promote competition and efficiency, he also urged the government to support increased private sector investment in the oil and gas sector, as is the case in Nigeria’s telecommunications sector.
According to Gashinbaki, the institute’s forensic study revealed how influential cabals have persisted in impeding advancement, sustaining import dependency, and causing scarcity through proxy organizations and unions.
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