Pres. Muhammadu Buhari
HighlightTop StoryTrending Story

Alleged missing $1bn arms fund: PDP turns the heat on Buhari Presidency

905

 

The Peoples Democratic Party (PDP) has reacted to alleged missing $1billion for the purchase of arms to fight terrorism in the country, accusing a cabal and some APC leaders of diverting the money.

The PDP spoke against the backdrop of a statement allegedly credited to the National Security Adviser, retired Maj.-Gen. Babagana Monguno, that the $1billion drawn from the national treasury for arms procurement was missing.

Monguno had issued a statement denying it, saying he was quoted out of context by some media which sourced their stories from the BBC interview he granted on Thursday.

The PDP accused the Buhari Presidency of becoming a” parlor of corruption for fraudsters, criminal cabals and treasury looters”, who have been pillaging our National Treasury under executive cover.

“Nigerians could see how officials of the Buhari Presidency have been struggling to divert attention from this huge swindle by claiming that the money was spent for the purchase of 12 Super Tucano planes which it also claimed would be delivered in 2020, only for the NSA to now declare that the entire fund cannot be traced.

“Four years down the line, nobody has seen the Super Tucano planes and no explanation has been given by the Buhari Presidency over the whereabouts of the money.

“Our party recalls how, instead of offering explanations when the issue was first raised in July 2019, the Buhari Presidency resorted to hauling insults on the PDP and other patriotic citizens, while making hollow, disjointed and uncoordinated claims, which the NSA’s assertion has now exposed to be lies and fabrications,” said the party in a statement.

Signed by Mr Kola Ologbondiyan, the National Publicity Secretary, a copy of the statement was given to Persecondnews.

The party also stated: “lt is indeed shameful that President Muhammadu Buhari is presiding over a security architecture where funds provided by his Presidency for purchase of arms has vanished into thin air while our citizens and gallant troop in the front are left at the mercies of terrorists and insurgents.

“While it is common knowledge that this administration is into treasury looting, our party asserts that stealing money meant for purchase of arms to protect the people is an unpardonable sacrilege.

The PDP said Senate’s hurried conferment of diplomatic immunity to the erstwhile service chiefs under whose command the humongous sums grew wings as a cover up.

“Our party insists that President Buhari, as the commander-in-chief, must take the full responsibility of explaining the whereabouts of the money as the buck stops only on his table.

“Furthermore, the PDP urges the NSA to commence a system wide investigation as well as place certain APC leaders and their cronies in the Presidency under watch to ensure that none of them escapes from the country to evade justice.”

It said apart from the ongoing investigation by the House of Representatives, a joint public hearing of the National Assembly should be organized to investigate the $1billion and other monies meant for security purposes.

 

Leave a comment

Related Articles

Normalcy Restored As Workers Back at FCTA Secretariat After Strike

The Federal Capital Territory Administration (FCTA) Secretariat has returned to full operation...

2027 Election Prep on Track Despite Electoral Act Delays – INEC Chairman Amupitan

In spite of the National Assembly’s delay in passing the amended Electoral...

NRC Alleges Oyo Local Govt Chairman of Vandalizing Railway Assets Worth Millions

The Nigerian Railway Corporation (NRC) has condemned the destruction of multi-million naira...

Nigeria Now the New Global Reference Point for Policy Reform – World Bank Chief

World Bank Managing Director Anna Bjerde has hailed Nigeria as a global...

Counter-Terrorism & Strategy: Why U.S. Special Forces Are in Nigeria – Gen. Anderson

To decisively tackle terrorism in West Africa, the United States has dispatched...

Lagos Assembly Orders Halt to Makoko Demolitions Amid Standoff with Gov. Sanwo-Olu

A major rift has emerged between the Lagos State House of Assembly...

Just In: Terrorism & Arms Charges: DSS Arraigns ex-AGF Malami, Son

Former AGF Abubakar Malami and his son, Abdulazeez, have been remanded in...

“No Deal”: Presidential Claimant Fernando Dias Rejects Guinea-Bissau Junta’s Transition Plan

By Paul Ejime Dr Fernando Dias da Costa, who claimed victory in...

UK Prosecutors Reveal Diezani Spent £140k on Luxury Furniture in One-Day Shopping Spree

As the trial of former Nigerian Petroleum Minister Diezani Alison-Madueke continues in...

“Democracy Forbids It”: Falana Argues Against Court-Martial for Soldiers in Alleged Coup

Mr. Femi Falana (SAN), prominent human rights lawyer, has argued that military...

Mass Deportation: US Prepares to Send 79 Convicted Nigerians Home

At least 79 Nigerians are set to be deported as the U.S....

“I Can Account for My Wealth”: Malami Petitions Court to Vacate Forfeiture Order

Former Attorney General of the Federation and Minister of Justice, Abubakar Malami...

At Last, N1.96 trn Federation Revenue Shared Among Federal, States, LGs

The Federation Account Allocation Committee (FAAC) has shared N1.969 trillion, the December...

Bonga FPSO Shutdown for Maintenance, Nigeria’s Oil Output to be Affected

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the shutdown of...

Traders Count Losses as Fresh Fire Ravages Kano’s Singa Market

Barely two months after a crippling fire outbreak, Singa Market in Kano...

2,500 Kaduna’s Damau Residents Get Clean Water as REA Provides Solar Mini-Grid

More than 2,500 residents of Damau village in the Kubau Local Government...

Tragedy in Abuja: Rising Music Star Ifunanya Dies After Snake Bite

A bright light in Nigeria’s music scene has been extinguished. Ifunanya Nwangene,...

Ademola Lookman Set to Join Atlético Madrid in €40m Deal

Nigerian forward Ademola Lookman is poised to join Atlético Madrid in a...

Ogun Gov. Abiodun to Unveil State-Owned DisCo, New World Bank-Power Projects, Mini-grids

Ogun State is gearing up for a major power boost with the...

Back Home: Tinubu Touches Down in Abuja After Türkiye Trip

President Bola Tinubu has returned to Abuja after a five-day state visit...