According to this new claim by a social media influencer named Dan Bello,

Wale Tinubu produced huge cargoes of crude oil in Nigeria, sold it to himself, then shipped it to Malta for refining. For a year, Tinubu has sold the refined gasoline back to Nigeria at a huge markup, according to Bello and other analysts.

Tinibu sells Nigeria’s crude oil to himself

Representatives for Oando, Tinubu’s company, flatly deny the allegations.

In an official statement, Oando denied that the company or its executives hold shares, investments, or interests in the Maltese oil company.

Collaborating Bello’s claims, an anonymous critic has in a viral video, accused President Tinibu of economic sabotage. According to the critic, Mr. Tinibu sells Nigeria’s crude oil to himself, refines the oil and sells petroleum products to Nigerians.

“Using his company in Malta, President Tinibu buys Nigeria’s oil at a very low price”, the anonymous critic says in the video.

“With his newly acquired Agip Oil Company, Tinibu, explores, extracts and exports oil across the Niger Delta states of from Ondo to Cross River state

“Once in Malta, Tinibu refines the oil and sells it back to Nigeria. But now, as an oil marketer through OVH energy also known as Oando, he buys it back at an exorbitant price for sale to the Nigerian people. Despite the official removal of fuel subsidy, it is still being paid secretly, as Tinibu is in essence, paying himself subsidy,” according to the video.