The All Progressives Congress (APC) has catalogued instances of alleged misappropriation of funds under the immediate past administration of the Peoples Democratic Party, describing it as spine-chilling and mind-boggling.
Lai Mohammed
The party said nothing can assuage the feelings of Nigerians over massive looting of the nation’s treasury by public officials than the total recovery of the funds.
In a statement issued on Sunday by its National Publicity Secretary, Alhaji Lai Mohammed, the party said anyone who attempts, either by deeds or words, to sabotage the recovery efforts is not a patriot and deserves nothing but public opprobrium.
It listed some instances of the looting to include, N3.8 trillion out of the 8.1 trillion Naira earned from crude oil (2012-2015) withheld by NNPC, $2.1 billion from Excess Crude Account unaccounted for, Department of Petroleum Resources’ unremitted N109.7 billion royalty from oil firms, N6 billion allegedly looted by some Ministers of the last Administration, 160 billion barrels of crude worth $13.9 billion lost between 2009 and 2012
Other cases are, $15 million from botched arms deal yet to be returned to Nigeria, N13 billion ​in NLNG dividends mostly unaccounted for, N30 billion rice waiver​ and N183 billion​ unaccounted for at the NDDC.
APC expressed thanks to Nigerians for their overwhelming support for the Buhari Administration in its tough but important task of tracing and recovering the loots, while also ensuring that the looters face justice.
”It is absolutely gratifying that Nigerians are vehemently opposed to the few who would rather have the government of the day turn a blind eye to the looted funds and, in their words, carry on with the process of governance.”
APC lists Cases of Alleged Looting of Public Funds
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