Home News PDP charges Buhari to probe alleged N14trn corruption before May 29

PDP charges Buhari to probe alleged N14trn corruption before May 29


The Peoples Democratic Party (PDP) has charged President Muhammadu Buhari to, within 14 days, account for it said is the humongous corruption and treasury looting, under his watch, amounting to over N14 trillion.

In a statement issued in Abuja on Wednesday by Kola Ologbondiyan, it’s National Publicity Secretary, the insisted that the investigation be done

before the May 29 expiration date of “the disastrous” All Progressives Congress (APC)-led administration.

It demanded that President Buhari must show his integrity by opening up his tenure for investigation, the same way his Presidency is demanding of other elected officials in the legislature and state governments across the country.

The party charged 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 noted 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.”

The statement added: “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 an 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 an 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.

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It said the Buhari Presidency should also explain the circumstances surrounding the alleged corruption in the handling of the N2.6 trillion oil subsidy regime, particularly 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 as well as 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.

The PDP challenged 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,” the party declared.




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