Your TraderMoni is an Idiotic Programme, Obasanjo Hits Osinbajo

Vice President Yemi Osinbajo 

Former President Olusegun Obasanjo has attacked Vice President Yemi Osinbajo, saying that he (the Vice President) has displayed executive recklessness and abuse of office.

He made the statement in an open letter titled “Point for Concern and Action” which he distributed to journalists at a press conference held at his house at the Olusegun Obasanjo Presidential Library, Abeokuta.

The former president who expressed disappointment in Mr Osinbajo’s activities said he has shown human weakness and proved the saying that the corruption of the best is the worst form of corruption.

“Osinbajo must have gone for, “if you can’t beat them, join them,” he said.

Mr Obasanjo mocked the Buhari-led administration’s TraderMoni initiative describing it as an outrightly idiotic programme.

TraderMoni is a federal government initiative aimed at providing two million petty traders across the country with collateral-free loans.

The vice president has in the past five months travelled across the country, distributing N10,000 to petty traders in a bid to empower them.

In his letter, the former president wondered where the federal government got the money from and questioned the future of Nigerians who lost their jobs in the past three and a half years.

“What an act by a Senior Advocate of Nigeria lawyer, number 2 man in the Executive hierarchy; and what is more, a pastor of one of the Christian movements led by a revered, respected and upright church leader, Pastor E. A. Adeboye. Osinbajo must have gone for, “if you can’t beat them, join them”.

A great pity indeed and which makes people ask the questions, “Any hope?” Yes, for me, there is hope. Osinbajo has shown the human weakness and proved the saying that the corruption of the best is the worst form of corruption. His explanation that it was their government programme can only be construed to be very shallow and lopsided, if not an outrightly idiotic programme.