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PDP asks Buhari to probe alleged N14tr graft

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PDP National Publicity Secretary, Kola Ologbondiyan


The People’s Democratic Party (PDP) has charged President Muhammadu Buhari to account for over N14tr allegedly looted under his administration before May 29 expiration date of the All Progressives Congress (APC)-led administration.In a statement by its National Publicity Secretary, Kola Ologbondiyan, it described the development as humongous corruption and treasury looting under the President’s watch.

The PDP insisted that President Buhari should show his integrity by opening up his tenure for investigation, the same way his Presidency was demanding probe of other elected officials in the legislature and state governments across the country.It charged Chairman of the Presidential Advisory Committee on Anti-Corruption (PACAC), Professor Itse Sagay to advise Buhari “to present his stewardship for investigation of alleged corruption, instead of his (Sagay)’s unnecessary fixation on court rulings in Rivers State.”

The party also argued that the Buhari administration would easily go down in history as the most corrupt administration ever, adding: “It is a stinking sanctuary of treasury thieves that thrives in manipulation, deception and official concealment.“It is totally unpardonable that President Buhari, despite his claimed integrity and zero tolerance for corruption, not only superintended over an administration that reeks and wallows in corruption, but also refused to allow any investigation into massive corruption under his watch.”

It demanded that the Buhari Presidency should investigate the whereabouts of N9tr or ($25b) allegedly stolen in the Ministry of Petroleum Resources through under-hand oil contracts, as detailed in a leaked NNPC memo.“The Buhari Presidency should also explain the circumstances surrounding the handling of the N2.6tr oil subsidy regime, particularly the alleged N58 hidden tax per liter, which Nigerians have continued to bear since the fuel price increased from PDP subsidised cost of N87 to presumably unsubsidized cost of N145.“He should also investigate alleged stealing of N1.1tr worth of crude oil using 18 unregistered companies, allegedly linked to the cabal at the Presidency,” it added.

It further challenged President Buhari to allow investigation into the alleged looting of over N40 billion Internally Displaced Persons (IDP) funds; the over N45billion allegedly looted from the National Health Insurance Scheme (NHIS); alleged siphoning of $322m repatriated funds; the alleged extortion of N1.2b through the Central Bank of Nigeria (CBN)’s Anchor Borrowers’ Programme, among others as well as the billions stolen under the Tradermoni project, among others.“Unless the President has something to hide, he should allow an independent investigation into the allegations of corruption in the next 14 days,” it added.


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