News
Corruption in Buhari Presidency, APC cause of poverty in Nigeria —PDP
The Peoples Democratic Party (PDP) has said that the cause of poverty in Nigeria was as a result of corruption in the Presidency.
“The unbridled treasury looting and extortion by the cabal in the Buhari Presidency and the All Progressives Congress (APC) are directly responsible for the excruciating poverty and escalated insecurity being suffered by Nigerians in the last five years,” the PDP said on Sunday.
In a statement signed by the party’s National Publicity Secretary, Kola Ologbondiyan, the PDP added that “the grandstanding by the Buhari Presidency in response to revelations of abuses and sleazes emanating from the investigation of the suspended acting Chairman of the APC-controlled Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, exposes a desperate attempt by a cabal to delink certain of its officials from indictment in the saga.”
The statement read in detail: “Also, the recent revelations of widespread treasury looting, including the alleged allocation of billions of stolen money to certain top government officials, have also exposed the hypocrisy of the APC and how its leaders are mercilessly plundering our economy while abandoning our citizens to a life of squalor.
“The picture is becoming clearer on how APC leaders, in the last five years, siphoned and pocketed over N14 trillion, from various government agencies, meant for the development of the nation and the welfare of Nigerians.
“From unfolding events, Nigerians are no longer in doubt that treasury looting is the official manifesto of the APC, which has now been exposed as a deceitful party that came to power by pretenses and pointing of accusing fingers at others while its real intention had always been to sweep the treasuries for their selfish gains.
READ ALSO: Magu’s probe shows there are no sacred cows —Presidency
“This explains why the APC administration has failed to expose those involved in the wholesale stealing of N9.6 trillion ($25 billion) oil money as detailed in the leaked NNPC memo just as no steps have been taken by the APC government to investigate and recover the money.
“It equally explains why the APC administration had also failed to expose those behind the reported stealing of N1.1 trillion worth of crude oil, using 18 unregistered vessels linked to some of its leaders and why the money was never recovered.
“This is in addition to the mindless looting in revenue related agencies including the Federal Inland Revenue Services (FIRS), the National Health Insurance Scheme (NHIS), National Emergency Management Agency (NEMA) and the Niger Delta Development Commission (NDDC) among other agencies, which have been turned into ATM machines for APC leaders while Nigerians suffer neglect.”
The party added that the latest “revelation of massive looting in NDDC, as detailed by its former Managing Director, Joy Nunieh, as well as the silence of the Buhari Presidency on the issues raised, grant further insight into how resources meant for the development of our nation are being pillaged under the APC.
“More distressing are allegations that APC leaders are also looting part of the huge borrowings by the Buhari administration as well as diverting social intervention funds, such as the N500 billion Social Investment Programme fraud revealed by First Lady Aisha Buhari.
“This is in addition to alleged stealing of repatriated funds and proceeds of huge multiple taxes imposed by the APC administration”.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...