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Again, PDP Claims N14trn Stolen Under Buhari Led Govt.

1 min


The Peoples Democratic Party on Sunday alleged that N14tn had been stolen under the All Progressives Congress-led Presidency.

It said the party and President Muhammadu Buhari were desperate to remain in power in order to prevent investigations into the matter.

The PDP National Publicity Secretary, Mr Kola Ologbondiyan, made the allegations in a statement made available to journalists in Abuja.

Ologbondiyan alleged that the stolen money included the N9tn allegedly stolen from the Ministry of Petroleum Resources, as detailed in the leaked Nigerian National Petroleum Corporation’s memo; the over N1.4tn alleged oil subsidy sleaze and the N1.1tn worth of crude allegedly diverted using 18 unregistered companies.

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He listed others to include the N33bn National Emergency Management Agency fund, and the over N18bn allegedly stolen out of the N48bn approved by the National Assembly in the 2017 budget for the rehabilitation of internally displaced persons in the North-East among others.

The party’s spokesman also claimed that the present administration’s “unwholesome” borrowing led to the escalation of the nation’s debt stock from N12.12tn in 2015 to N24.39tn in 2018.

He said within three years, Buhari’s administration had borrowed N12.27tn and yet could not point to any significant project which the money was invested in.

– Punch

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Jake Clifford

Jake Clifford is a Nigerian Born blogger and a fast growing Journalist, whose aim is to inform Nigerians with happening across Nigeria. Send story tips to him via [email protected] or

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