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APC accuses Jonathan of looting N11.11trillion

17 August 2015, 10:57

Abuja - The All Progressives Congress on Sunday alleged that about $56bn (N11.02tn) was looted during the administration of former President Goodluck Jonathan and that the Buhari government needed to recover the funds to fulfill the change promised by the APC, Premium Times reports.

In the breakdown by the ruling party, it said $6bn (1.2tn, at the rate of N197 to dollar) was stolen by some of Jonathan’s ministers and that 160 million barrels of crude worth $13.9bn (N2.74tn) were lost between 2009 and 2012 while $13bn (N2.56tn) in NLNG dividends was mostly unaccounted for.

The National Publicity Secretary of the APC, Alhaji Lai Mohammed, said this in a statement on Sunday.

Also read: APC accuses Jonathan of last-minute looting of treasury

Mohammed’s statement read in part, “Some instances of the looting are as follows: N3.8tn out of the N8.1tn earned from crude oil (2012-2015) withheld by NNPC; $2.1bn (N413.7bn) from Excess Crude Account unaccounted for; Department of Petroleum Resources’ unremitted N109.7bn royalty from oil firms.

The APC consequently lashed out at those telling President Muhammadu Buhari not to waste time probing the Jonathan administration.

The statement seems to be in reaction to a statement by the National Peace Committee, which reportedly told Buhari that probing the past administration was not a substitute for governance.

Read more at Premium Times

- News 24


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