APC Gives Instances of Alleged Looting of Public Funds in Previous Administration...See Listed Cases

 

The All Progressives Congress (APC) has given instances of alleged misappropriation of funds under the immediate past administration of the Peoples Democratic Party (PDP),  describing it as mind-boggling.

 

According to the party, nothing could assuage the feelings of Nigerians over the massive looting of the nation's treasury by public officials, than the total recovery of the funds.

 

In a statement issued on Sunday, August 16, by its National Publicity Secretary, Alhaji Lai Mohammed, the party said anyone who attempts, either by deeds or words, to sabotage the recovery efforts is not a patriotic Nigerian and deserves nothing but public opprobrium.

  

It listed some instances of the looting to include, N3.8 trillion out of the N8.1 trillion earned from crude oil (2012-2015) withheld by the Nigerian National Petroleum Corporation (NNPC), $2.1 billion from Excess Crude Account unaccounted for, Department of Petroleum Resources' unremitted N109.7 billion royalty from oil firms, N6 billion allegedly looted by some ministers of the last administration, 160 billion barrels of crude worth $13.9 billion lost between 2009 and 2012.

 

Other cases are: $15 million from botched arms deal yet to be returned to Nigeria, N13 billion in NLNG dividends mostly unaccounted for, N30 billion rice waiver and N183 billion unaccounted for at the Niger Delta Development Commission (NDDC).

 

APC expressed thanks to Nigerians for their overwhelming support for the Buhari administration in its tough but important task of tracing and recovering the loot, while also ensuring that the looters face justice.

 

However, the PDP spokesman, Olisa Metuh has described as fallacious and imaginary the figures quoted by the APC spokesman.