August 28, 2018
Press Statement
Missing N4 trillion Oil Money: PDP Accuses Buhari Presidency Of Corruption
The Peoples Democratic Party (PDP) charges President Muhammadu Buhari to
explain the whereabouts of the N4trillion un-remitted oil revenue and
other financial rots in his 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 humongously corrupt administration, while at
the same time posturing as Mr. Integrity and pointing accusing fingers
on everyone else but himself.
Nigerians, particularly those who have been defending the Buhari
administration, were shocked by revelations, in the audit report, of the
theft of N4trillion 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 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 (IDP)
funds.
Now that the huge rot in his Presidency has been exposed by a firm
commissioned by his own administration, the PDP challenges 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.
The PDP states 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.
Nigerians can now see the real reason our nation has been brought to its
knees; why our economy suddenly collapsed into a recession and why our
citizens have been subjected to the worst kind of suffering, hunger and
starvation in the last three years.
Signed:
Kola Ologbondiyan
National Publicity Secretary
