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Fresh N10.1 Trillion Scandal Rocking APC as PDP Accuses of Endemic Corruption

Strategic Insights

— 1 min read

The Peoples Democratic Party (PDP) has accused the All Progressives Congress (APC) of stealing a staggering N10.1 trillion from the national treasury, further fueling allegations of endemic corruption under the Buhari-led administration. According to PDP, this fresh scandal is in addition to the earlier reported N15 trillion allegedly stolen by APC leaders from various government agencies, bringing the total looted amount to N25.1 trillion. The opposition party cited the Treasury Single Account (TSA) and a leaked NNPC memo detailing the theft of N9.3 trillion as evidence of the APC's alleged malfeasance.

Key Takeaways:

  • The PDP claims the APC has stolen N10.1 trillion from the national treasury, in addition to the earlier reported N15 trillion, totaling N25.1 trillion looted.
  • The opposition party cited the Treasury Single Account (TSA) and a leaked NNPC memo detailing the theft of N9.3 trillion.
  • PDP spokesperson, Kola Ologbondiyan, stated that the APC's economic policies have plunged Nigeria to the 149th place on the corruption perception index, a clear indication of "ferocious economic brigands in very high places".
  • The party alleged that N3 trillion was stolen from various agencies, including the National Health Insurance Scheme (NHIS), the National Emergency Management Agency (NEMA), and the Social Investment Programme.
  • The PDP called on Nigerians to question the government to account for the missing funds "to encourage infrastructural development".

Statistics:

  • N25.1 trillion: Total amount allegedly looted by APC leaders from various government agencies.
  • N10.1 trillion: Fresh scandal accused by PDP, in addition to N15 trillion allegedly stolen.
  • N9.3 trillion: FTN reportedly stolen from NNPC as detailed in leaked memo.
  • 149th place: Nigeria's ranking on the corruption perception index under APC administration.
  • 13 places: Drop in Nigeria's ranking since 2015 under APC administration.
  • N3 trillion: Alleged theft from various agencies, including NHIS, NEMA, and Social Investment Programme.

Sources:

  • Premium Times, Copyright 2021. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).

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