N14trillion stolen under the All Progressives Congress-led Presidency, PDP alleges


The People’s Democratic Party PDP,  has alleged that N14trillion had been stolen under the All Progressives Congress-led Presidency.

It said the party and President Muhammadu Buhari were desperate to remain in power in order to prevent investigations into the matter.

PDP National Publicity Secretary, Kola Ologbondiyan, made the allegations in a statement in Abuja.

Ologbondiyan alleged that the stolen money included the N9trillion allegedly stolen from the Ministry of Petroleum Resources, as detailed in the leaked Nigerian National Petroleum Corporation’s memo; the over N1.4trillion alleged oil subsidy sleaze and the N1.1trillion worth of crude allegedly diverted using 18 unregistered companies.

He listed others to include the N33billion National Emergency Management Agency fund, and the over N18billion allegedly stolen out of the N48billion approved by the National Assembly in the 2017 budget for the rehabilitation of internally displaced persons in the North-East among others.

The party’s spokesman also claimed that the present administration’s unwholesome borrowing led to the escalation of the nation’s debt stock from N12.12trillion in 2015 to N24.39trillion in 2018.

He said within three years, Buhari’s administration had borrowed N12.27trillion and yet could not point to any significant project which the money was invested in.