• May 16, 2021

President Buhari, APC Plotting To Steal $311 Million Recovered Abacha Loot

By Franca Joseph, For Agenda watchdog, may 7, 2020

(AGENDAWATCHDOG) – The President Muhammadu Buhari-led administration and the ruling All Progressives Congress (APC) are plotting to steal the recently recovered $311 million Abacha loot, according to the former ruling and incumbent opposition party, the Peoples Democratic Party (PDP).

Kola Ologbondiyan, National Publicity Secretary of PDP disclosed the party’s position on the matter in a signed statement.

According to the PDP, the plot to re-loot the recovered funds included the use of fake subheads and duplication of projects, without legislative approval, to create avenues for the diversion of the funds to private pockets.

The PDP drew the attention of the public to the purported re-looting of the earlier recovered $322 million by the APC-led administration under the pretext of providing palliatives for the poor in 19 states of the federation, adding that a significant percentage of the 300,000 thousand households said to have benefited from the largess were non-existent.

Agenda Watchdog

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