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Published On: Fri, Dec 21st, 2018

Nigerians want explanation on looted N11tr – PDP tells Buhari

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By Lateef Ibrahim, Abuja

The Peoples Democratic Party, (PDP), has challenged the presidency to speak out on the alleged looting of over N11 trillion from the public coffers, including the diverted N9 trillion, as detailed in the leaked NNPC memo, to finance the campaign of the All Progressives Congress (APC).
The leading opposition party similarly tasked the presidency to speak out on the alleged fleecing of Nigerians to the tune of N2.6 trillion through hidden illegal N48 tax per liter of petrol which Nigerians have continued to bear since the fuel price increased from PDP subsidized cost of N87 to presumably unsubsidized cost of N145.
The Director, Media and Publicity of the PDP Presidential Campaign Organization, Kola Ologbondiyan, made these allegations at a press conference last night in Abuja.
The party urged the President not to continue to feign ignorance of these allegations bothering directly on corruption in his Presidency, stressing that keeping quiet will not help him in the 2019 general election.
According to the PDP, “This morning (yesterday’s) Nigerians were again shocked at the revelations that President Buhari and his All Progressives Congress (APC) are seeking to fleece unsuspecting and
already impoverished Nigerians through the extortion of N1.2 billion from poor beneficiaries of Central Bank of Nigeria (CBN)’s Anchor Borrowers’ Programme, to fund President’s ill-fated 2019 re-election bid.
“The PDP completely rejects this act of corruption and intimidation of our citizens and attempt by President Buhari to receive financial kickback from beneficiaries of government intervention in violation of our financial regulations.
“Intelligence at our disposal also reveals that this is yet another scheme by the Buhari Presidency siphon public funds and surreptitiously route same to Mr. President’s campaign.
“To achieve this ignoble scheme, the Buhari Presidency and the APC in their desperation went ahead to shamefully constitute a phony Anchor Borrowers Farmers’ Association, which they claimed has 12 million members, and through which they plan to siphon and launder money from public coffers to fund President Buhari’s campaign.
“Our check reveals that no such association exists and that the membership figure is just a ruse, another fabrication and attempt at procurement of fake endorsement by the Buhari Presidency, to create an impression of that Nigerians are supporting President Buhari and the APC.
“Further investigation reveals how the Buhari Presidency has been secretly diverting huge part of various social intervention funds to the Buhari campaign and handing paltry sums to Nigerians, as well as
how agents of the Presidency carrying out their vote buying project, particularly the Trader-moni scheme, have been illegally collecting 10 percent kickback from beneficiaries.
“Now that Nigerians have refused to contribute to Mr. President’s doomed re-election bid, due to his failure in office, the Buhari Presidency and the APC are seeking ways to legitimize their stealing of public funds to finance their campaign and service the wasteful lifestyles of their leaders.
“The PDP challenges President Buhari to speak out and not continue to keep mum on alleged looting of over N11 trillion from the public coffers, including the diverted N9 trillion, as detailed in the leaked NNPC memo, to finance his campaign.
“Mr. President is also challenged to speak out on the alleged fleecing of Nigerians to the tune of N2.6 trillion through hidden illegal N48 tax per liter of petrol which Nigerians have continued to bear since the fuel price increased from PDP subsidized cost of N87 to presumably unsubsidized cost of N145.
“Mr. President should not continue to feign ignorance of these allegations bothering directly on corruption in his Presidency, as keeping quiet will not help him in the 2019 general election. This is because Nigerians have seen through the lies, deception and contrivances of his administration and are not ready to allow such to continue in 2019”, PDP said in the statement.

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