Missing N4 trillion Oil Money: PDP Accuses Buhari Presidency of  Corruption

The Peoples Democratic Party (PDP) charges President Muhammadu Buhari to 
explain the whereabouts of the N4trillion unremitted oil revenue and 
other financial rots in his Presidency as detailed in the audit report 
by Price Waterhouse Cooper, a firm commissioned by his administration.

The party said the report has further confirmed that President Buhari 
has been presiding over a humongously corrupt administration, while at 
the same time posturing as Mr. Integrity and pointing accusing fingers 
on everyone else but himself.

Nigerians, particularly those who have been defending the Buhari 
administration, were shocked by revelations, in the audit report, of the 
theft of N4trillion in a sector that is under the direct supervision of 
‘honest’ President Buhari, as Minister of Petroleum Resources; the 
callous frittering of N50 billion from coffers of the National Poverty 
Eradication Programme (NAPEP) and Ministry of Agriculture; disappearance 
of N28 billion from the Ecological Fund, using fraudulent borrowing 
windows, among others sharp practices.

Nigerians are also shocked to learn how some ministers under President 
Buhari stole N413 million from agencies and parastatals using fraudulent 
imprests.

It is instructive to note that this latest audit report adds to 
outstanding revelations of corruption under President Buhari, including 
the leaked NNPC memo detailing underhand contract to the tune of N9 
trillion, the illegal lifting of crude worth N1.1 trillion in 2017 using 
18 illegal companies, the alleged N1.4 trillion fraud in the oil subsidy 
regime in addition to stealing of over N43 billion from the National 
Health Insurance Scheme (NHIS) and Internally Displaced Persons (IDP) 
funds.

Now that the huge rot in his Presidency has been exposed by a firm 
commissioned by his own administration, the PDP challenges President 
Buhari to make good his declaration to jail treasury looters by starting 
with a self-searching and explanations on the sleazes directly linked to 
his office, both as President and minister of petroleum resources.

The PDP states that the audit report has stripped this administration of 
all integrity and vindicates our stand that President Buhari runs an 
innately and inherently corrupt administration.

Nigerians can now see the real reason our nation has been brought to its 
knees; why our economy suddenly collapsed into a recession and why our 
citizens have been subjected to the worst kind of suffering, hunger and 
starvation in the last three years.