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MISSING N25tn: Corruption Increasing under Buhari, Says PDP

MISSING N25tn: Corruption Increasing under Buhari, Says PDP

Corruption has been on the increase under the administration of President Muhammadu Buhari.

This was Peoples Democratic Party‘s (PDP) conclusion when reacting to various allegations of missing funds from the national treasury.

PDP said the alleged disappearance of a fresh N10.1tn from the national treasury was a clear indication that Buhari’s administration was just engaged in uncontrolled larceny of Nigeria’s commonwealth.

A statement by the party’s spokesperson, Kola Ologbondiyan, said “Our nation has again been jolted by reports in the public space that a whooping N9.6tn ($20 bn) and another N500bn belonging to the Treasury Single Account (TSA), have been reportedly missing and allegedly diverted to APC interests.

“This fresh N10.1trn scandal is beside the earlier N15 trn, reportedly stolen by APC leaders from various government agencies, including the stealing of N9.3tn as detailed in the leaked NNPC memo, bringing the sum looted in these cases to N25.1tn.

“It indeed speaks volumes that while the Buhari Presidency is claiming that it has no funds to finance the 2021 budget of N13.08tn, a humongous N10.1trn belonging to the nation is said to have disappeared into the thin air.

“The PDP expresses concerns over the level of rapacious looting by the APC leaders and the cabal in the Buhari Presidency, stressing that, it is clear that our nation has been seized by ferocious economic brigands in very high places.”

The party demanded investigation into the missing fund

“The PDP invites Nigerians to unite in demanding for the recovery of the N25tn, which our party insists should be directed to critical sectors of youth development, job creation, infrastructural development and security,” the statement added.


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