N14trillion stolen under Buhari – PDP


The Peoples Democratic Party (PDP) has claimed that fears of a probe into the N14trillion stolen under the government of President Mohammadu Buhari are the main reason why the All Progressive Congress (APC) is desperate to cling to power.

The publicity secretary of the party, Mr Kola Ologbodiyan accused the Buhari government of desperation employing various schemes to retain power so that Nigerians would not know how corrupt the government is.

According to him the fraud perpetrated under the Buhari government include the N9trillion stolen from the Ministry of Petroleum as detailed in a leaked memo from the NNPC, the over N1.4trillion alleged and oil subsidy sleaze and the N1.1trillion worth of crude diverted using 18 unregistered companies linked to APC interests.

He said the fraud also includes the N33billion National Emergency Management Agency(NEMA) and the N18 billion stolen out of the N48 billion approved by the National Assembly in the 2017 budget for the rehabilitation of IDPs in the Northeast among others.

“Furthermore the Buhari led administration is desperate to avoid an investigation into its unwholesome borrowing that led to the escalation of our nation’s debt stock from N12.12 trillion in 2015 to an overburdening N24.39 trillion in 2018. Within a space of three years, this administration has borrowed a total of N12.27, yet it cannot point to any significant development project into which the money was invested. This includes the N2.66 trillion borrowed in 2018, ahead of the 2019 general elections” Ologbodiyan adds.

The PDP noted that the funds involved were meant for infrastructural development and welfare of Nigerians but have been cornered by APC leaders”

He further said “ That the Buhari Presidency lacks the competence and integrity to run a creative, transparent and credible administration that can guarantee economic growth, wealth creation and a dependable system has become a globally accepted fact”

The PDP, however, urge “Nigerians not to despair but continue to be steadfast in the aspiration for the recovery of the stolen Presidential mandate at the tribunal, as this is the only way to return our nation to the path of peace, national unity and a vibrant economy”