May 29: PDP urges Buhari to probe alleged N14trn looted fund, challenges Sagay to compile list

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The Peoples Democratic Party, PDP, Wednesday, charged President Muhammadu Buhari to account for the alleged N14 trillion looted under his watch.

It also demanded Buhari to deal with the allegation before May 29.

PDP spokesman, Kola Ologbondiyan said this in a statement, insisting that Buhari must show his integrity by opening up his tenure for investigation, the same way his presidency was demanding of other elected officials in the legislature and state governments across the country.

He added, “The party charges the Chairman of the Presidential Advisory Committee on Anti-corruption, Prof. Itse Sagay, to help the nation by advising President Buhari to present his stewardship for investigation for alleged corruption, instead of his (Sagay) unnecessary fixation on court rulings on Rivers State.

“The PDP notes that the Buhari-led APC administration is going down in history as the most corrupt administration ever; 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 ocean of corruption but also refused to allow any investigation into earth shaking corruption under his watch”.

The PDP, therefore, demanded that the Buhari Presidency should order investigation into the whereabouts of N9 trillion ($25billion) allegedly stolen in his Ministry of Petroleum Resources, through under-hand oil contracts as detailed in the leaked NNPC memo.

It further urged Buhari to explain the circumstances surrounding the alleged corruption in the handling of the N2.6 trillion oil subsidy regime.

Besides, the opposition party asked Buhari to particularly explain about the alleged N58 hidden tax per liter which Nigerians have continued to bear since the fuel price increased from PDP subsidized cost of N87 to presumably unsubsidized cost of N145 and, the reported stealing of N1.1 trillion worth of crude oil using 18 unregistered companies, allegedly linked to members of the cabal at the Presidency.

Ologbongiyan said, “The PDP challenges President Buhari to allow an investigation into the alleged looting of over N40 billion Internally Displaced Persons (IDP) funds; the over N45 billion allegedly looted from the National Health Insurance Scheme (NHIS).

“The alleged siphoning of $322m repatriated funds; the alleged extortion of N1.2 billion through the Central Bank of Nigeria (CBN)’s Anchor Borrowers’ Programme, as well as the billions stolen under the ‘tradermoni’ project, among others.

“Unless Mr. President has something to hide, he should within the next 14 days, allow for an independent inquest into these allegations of corruption”.


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