• Fri. May 24th, 2024


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PDP tells Buhari to account for N4trn oil money

The Peoples Democratic Party (PDP) has urged President Muhammadu Buhari to explain the whereabouts of the N4 trillion unremitted oil revenue and other financial rots in the Presidency as detailed in the audit report by Price Waterhouse Cooper, a firm commissioned by his administration.

The party said the report has further confirmed that President Buhari has been presiding over a humongous corrupt administration, while at the same time posturing as Mr. Integrity and pointing accusing fingers at everyone else but himself.

The party’s position was contained in a statement made available on Tuesday by its spokesperson, Mr Kola Ologbondiyan.

The PDP said “Nigerians, particularly those who have been defending the Buhari administration, were shocked by revelations, in the audit report, of the theft of N4 trillion in a sector that is under the direct supervision of honest President Buhari, as minister of petroleum resources; the callous frittering of N50 billion from the coffers of the National Poverty Eradication Programme (NAPEP) and ministry of agriculture, disappearance of N28 billion from the Ecological Fund, using fraudulent borrowing windows, among others sharp practices.

“Nigerians are also shocked to learn how some ministers under President Buhari stole N413 million from agencies and parastatals using fraudulent imprests.

“It is instructive to note that this latest audit report adds to outstanding revelations of corruption under President Buhari, including the leaked NNPC memo detailing underhand contract to the tune of N9 trillion, the illegal lifting of crude worth N1.1 trillion in 2017 using 18 illegal companies, the alleged N1.4 trillion fraud in the oil subsidy regime in addition to stealing of over N43 billion from the National Health Insurance Scheme (NHIS) and Internally Displaced Persons (IDPs) funds”.

The PDP challenged President Buhari to make good his declaration to jail treasury looters by starting with a self-searching and explanations on the sleazes directly linked to his office, both as President and minister of petroleum resources.

It stated that the audit report “has stripped this administration of all integrity and vindicates our stand that President Buhari runs an innately and inherently corrupt administration.”

By News Editor

Our News Editor, Muyiwa is an information management expert and Development Blogger with more than a decade experience in investigative reporting and journalism. He is passionate about human angle stories to all social issues in Nigeria and Africa.

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