A lot of money was stolen under Jonathan’s watch,’ Edo Gov. says

chika ebuzor

October 7, 2015 4:06 AM

You challenge PenCom and the Ministry of Finance, you will discover that over N3.5tn was drawn down by the previous government from the pension fund.

Governor Adams Oshiomhole of Edo State

Gov. Adams Oshiomhole of Edo state, revealed to State House correspondents, after a meeting with President Buhari that a lot of money was stolen under Jonathan’s watch.

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According to Punch Newspapers, Oshiomhole said “The truth is that a lot of money was stolen and what you are seeing is just a tip of the iceberg because when you imagine what accrued to Nigeria consistently from $140 (per barrel) averaging $108 over a long period of time and yet your treasury is empty and you were running a budget deficit.

“You were devoting 85 per cent of your budget for four consecutive years to recurrent; you were borrowing and you drew the entire pensions fund.

“Yesterday, I saw a lot of analysis of how pension fund should be invested on infrastructure.

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“You challenge PenCom and the Ministry of Finance, you will discover that over N3.5tn was drawn down by the previous government from the pension fund to support recurrent expenditure, not to support infrastructure.

“I wonder why you want to hear it from me because some of the issues we parrot flow from what we have read from your electronic media and print media arising from what you have observed.

“There have been probes, there have been revelations where whistleblowers have been removed from office, and they became guilty for speaking out.

“I believe that time will tell how much was taken and who was involved. I think what you are hearing now is like appetiser. It is sickening. It used to come from America, now it’s from Britain.”

chika ebuzor