APC says N11trn went missing during ex-President’s administration

monjola sotubo

August 17, 2015 12:47 PM

The APC said further that President Muhammadu Buhari would need to recover the funds if he was to bring forth the change promised during his campaign.

Goodluck Jonathan

The All Progressives Congress (APC) has alleged that about N11.02 trillion was embezzled during the administration of former President Goodluck Jonathan.

The APC said further that President Muhammadu Buhari would need to recover the funds if he was to bring forth the change promised during his campaign.

This was disclosed via a statement released by National Publicity Secretary, Lai Mohammed on Sunday, August 16, 2015.

It reads in part:

“Some instances of the looting are as follows: N3.8tn out of the N8.1tn earned from crude oil (2012-2015) withheld by NNPC; $2.1bn (N413.7bn) from Excess Crude Account unaccounted for; Department of Petroleum Resources’ unremitted N109.7bn royalty from oil firms.”

“Others are: $6bn (1.2tn) allegedly looted by some ministers of the last administration; 160 million barrels of crude worth $13.9bn (N2.74tn) lost between 2009 and 2012; $15m (N2.96bn) from the botched arms deal yet to be returned to Nigeria; $13bn (N2.56tn) in NLNG dividends mostly unaccounted for; N30bn rice waiver; and N183bn unaccounted for at the NDDC.”

“Truly, what sort of governance can go on if the billions of naira in a few hands are not recovered? In the first instance, the government needs every kobo of the funds it can muster to bring about the change it has promised Nigerians.”

“Secondly, leaving such hair-raising funds in the hands of the few looters is dangerous, because they can use the funds to destabilise any government. In fact, no one will be surprised if the looters use their dirty funds to sponsor public demonstrations against the government’s determination to recover the funds.”

“Thirdly, allowing those who privatised the commonwealth to get away is offering a thumbs-up for looting. No responsible government will do that.”

The APC further condemned attempts to stop Buhari from probing the Jonathan administration.

monjola sotubo