Reject Buhari's Attempt to Loot $1billion from Our National Treasury, PDP Charges Nigerians | CNR

The Peoples Democratic Party, PDP has called on Nigerians to resist renewed attempt by the Presidency to "loot" $1billion from the national coffers to finance President Muhammadu Buhari’s interests in the All Progressives Congress, APC's national convention and 2019 campaign.


The party also urged the National Assembly to commence appropriate constitutional legislative actions against President Buhari for gross misconduct in unilaterally approving the release of the fund without allowing for the application of legislative instrument.


The PDP, in a statement by its National Publicity Secretary, Kola Ologbondiyan, on Thursday, said its investigation revealed that the Presidency willfully sidestepped the National Assembly so as to avoid legislative scrutiny and accountability and pave way for the diverting of the fund for selfish partisan purposes.

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It noted that it was notorious fact that the Presidency and the APC have been plotting to loot this $I billion from our heavily depleted Excess Crude Account (ECA) since last year, using the guise of fight against insurgency.


While reminding Nigerians that the same Buhari administration had boasted of having technically defeated the insurgents and known to have exhausted subsisting budgetary allocations for defense, the opposition party said that Nigerians are now thoroughly disappointed in Buhari.


"Nigerians are thoroughly disappointed that President Buhari; the same African Union (AU) ‘anti-corruption champion’, who swore to be above board and to protect the constitution and our laws, will allow himself to fall for the temptation of resorting to ways and means which are totally at variance with the laws and all democratic tenets.


"Democracy thrives on constitutional processes of separation of powers, due diligence and transparency and not on totalitarian tendencies.

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"PDP believes the President, as a leader, reasonably ought to have known that he is in no way above the law.


"We therefore urge the National Assembly to look into the constitution and impose appropriate legislative instruments against Mr President, if any part of the 1999 Constitution (as amended) has been breached by this unilateral decision.


"We further urge the National Assembly to scrutinize the constitution and other statute books for the purposes of strengthening the laws guiding the application of funds in our country, particularly under this inherently corrupt and incompetent administration.

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"Moreover, since it has come to light that the Buhari administration is using the fight against insurgency as a conduit to siphon funds, as evinced in the alleged looting of the N18 billion Internally Displaced Persons (IDP)’s funds, we demand for an independent investigation into the processes of release and utilization of all special funds for war against insurgency in the last three years.


"The APC is in shreds and has lost the enormous goodwill that brought it to power in 2015 after failing in all its promises to Nigerians, the statement read.