Cover Politics

$311m Abacha loot: PDP raises the alarm over plans to re-loot fund

By Myke Uzendu, Abuja

The Peoples Democratic Party (PDP) has raised the alarm over fresh plots by some interests in the Presidency and the All Progressives Congress (APC) to use fake subheads and duplicated projects as ploy to re-loot the recently repatriated $311millon.

The party in a statement on Wednesday by its Spokesperson, Kola Olgbondiyan alleged that some interests in the Presidency has perfected the use of fake subheads as nomenclatures to mislead those who repatriated the fund and pave way for the frittering of the money to their private pockets as they had done with earlier repatriated funds.

The PDP further revealed that part of the strategy is to hype hazy subheads and stampede the dissipation of the funds without the statutory approval of the National Assembly, which enables them to muddle up accountability processes, conceal their fraud and divert the attention of the unsuspecting public from the scam.

“The fraudulent dissipation of the funds will then be followed with false performance claims as well as blackmailing and intimidation of Nigerians demanding for both transparency and accountability in the handling of the money” he said.

The party noted that such had become the standard ruse for the cabal who also looted the earlier repatriated $322 million under the guise of sharing money to the poor in 19 states and had no answers to allegations that more than 90 percent of the 300,000 households listed as beneficiaries were phony family names.

“Nigerians would recall how the claims of the APC Government was rubbished by the First Lady, Aisha Buhari, who had alerted the nation that the N500 billion Social Investment Programme of the Buhari administration was hugely shrouded in corruption and that bulk of the money did not get to the poor and vulnerable.

“Furthermore, the Federal Government had failed to publish the details of the alleged APC leaders who own the consulting firms that was allegedly paid billions of naira up front, as consultancy fee for the “sharing” of the money, which was not also passed through the constitutionally required approval of the National Assembly.

“The APC-led Federal Government had also failed to account for the $308 million repatriated in February, for which it cannot point to any project, but rather faced with allegations of unbridled looting by the cabal and certain APC leaders, including those exposed to be receiving huge percentages from repatriated funds”.

The PDP reminded Nigerians that the APC government had remained silent on the report by the US Department of State that the Federal Government plots to funnel this repatriated money to certain individuals connected to the APC.

The PDP counseled that this repatriated $311 million should be safeguarded from the antics of the APC cabal.

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