The Peoples Democratic Party (PDP) has said that the cause of poverty in Nigeria was as a result of corruption in the Presidency.
This was contained in a statement issued by the party’s National Publicity Secretary, Kola Ologbondiyan, on Sunday, July 12.
“The unbridled treasury looting and extortion by the cabal in the Buhari Presidency and the All Progressives Congress (APC) are directly responsible for the excruciating poverty and escalated insecurity being suffered by Nigerians in the last five years,” the PDP.
Ologbondiyan further criticised the handling of the corruption allegations; leveled against the suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.
The PDP stated that there is “a desperate attempt by a cabal; to delink certain of its officials from the indictment in the saga.”
Excerpt from the statement reads, “The picture is becoming clearer; on how APC leaders, in the last five years, siphoned and pocketed over N14 trillion; from various government agencies; meant for the development of the nation and the welfare of Nigerians.
“This explains why the APC administration has failed to expose those involved in the wholesale stealing of N9.6 trillion ($25 billion) oil money as detailed in the leaked NNPC memo; just as no steps have been taken by the APC government to investigate and recover the money.
“It equally explains why the APC administration had also failed to expose those behind the reported stealing of N1.1 trillion worth of crude oil; using 18 unregistered vessels linked to some of its leaders; and why the money was never recovered.”
The party added that the latest “revelation of massive looting in NDDC, as detailed by its former Managing Director, Joy Nunieh; as well as the silence of the Buhari Presidency on the issues raised; grant further insight into how resources meant for the development of our nation are being pillaged under the APC.
“More distressing are allegations that APC leaders are also looting part of the huge borrowings by the Buhari administration; as well as diverting social intervention funds; such as the N500 billion Social Investment Programme fraud revealed by First Lady Aisha Buhari.
“This is in addition to alleged stealing of repatriated funds and proceeds of huge multiple taxes; imposed by the APC administration”.