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Vice President Osinbajo exposes details of over $3billion corruption under Ex-President Jonathan’s administration

Ex-President Goodluck Jonathan and Vice President Yemi Osinbajo

Vice President Yemi Osinbajo has exposed an alleged massive corruption involving over $3billion during the administration of Ex-President Goodluck Jonathan. According to the vice president, this recent revelation is only but a “tip of the iceberg”.

Office of the Vice President on Sunday night published details of the alleged corruption in response to the Ex-President’s supporters who said that Osinbajo made unsubstantiated allegation about corruption in Jonathan’s administration.

Osinbajo’s aide, Laolu Akande who published the statement however noted that the vice president made no mention of Jonathan’s name, but the corruption happened during his administration.

He added that under the Peoples Democratic Party (PDP) government $3billion was stolen under the Nigeria National Petroleum Corporation (NNPC) Strategic Alliance Contracts, involving the former Minister of Petroleum Resources, Mrs. Diezani Alison Madueke, Jide Omokore, and Kola Aluko.

He noted that companies belonging to Omokore and Aluko lifted Nigerian crude oil but however did not remit proceeds to the government.

Mrs. Diezani Alison-Madueke

Mrs. Diezani Alison-Madueke

He further recalled that the former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido, who is now the current Emir of Kano, was sacked by Jonathan for exposing alleged $20billion oil money siphoned by the PDP government.

The Emir of Kano, Muhammadu Sanusi II

The Emir of Kano, Muhammadu Sanusi II

The vice president also noted that in 2014 when oil prices was as high as $120 per barrel, the total capital released by Jonathan’s government for Power, Works, Housing, Defence, Transport, Agriculture and Defence were just N152Billion for the whole year.

By contrast, the statement said with oil prices as low as $28 per barrel the Buhari administration committed N578billion to the same Ministries in 2016 as part of the strategy to end the recession.

The Statement reads below;

“We have read reports attributed to “a media office of former President Goodluck Jonathan”. It is clear from the foul language of the authors that the statement could not have come from the former President, but from the motley group of loud and rude characters whose brief seems to be to deny all and anything said against the former PDP government and to do so in the crassest possible language.

“The alleged spokespersons of the former President say that facts long in the public domain, some even being used to prosecute several corruption cases, are lies and that those of us in government restating these well known facts are liars.

“They accuse Vice President Yemi Osinbajo, SAN, of lying against the former president or his government, citing their involvement in the stealing of three billion dollars, while speaking recently at The Platform event on the 1st of May.

“Just for clarity, I quote the Vice President “Grand corruption remains the most enduring threat to our economy. Three Billion US dollars was stolen in what was called the strategic alliance contacts in 2013, three Nigerians were responsible, today three billion dollars is one trillion Naira and our budget is 7trillion! ….”

“The total sums converted is in excess of three billion dollars, including royalties, taxes and fees unpaid for the asset from which the crude was taken. The case is the subject of a trial in Nigeria, and criminal investigation in the US and UK, and the assets of all three individuals have been forfeited in Nigeria, the US and the UK,” the statement said.

“The criminal diversion and theft of sums in excess of $2.5 billion meant for purchase of arms to prosecute the war against Boko Haram: The first phase of the investigations revealed several sordid details, many of the assets of culprits have been seized from them and they are facing trial.

“The release of the sum of $289m in cash on February 25, 2015: Documents including cash vouchers indicate that the sum of $289,202,382 was taken from the Joint Venture (JV) Cash Call Account No. 000-0000-11658-366 of the NNPC/NAPIMS with JP Morgan Chase Bank, New York, USA.

“N70 billion was released in parts from the national treasury between January 8 and February 25, 2015.

“In another illegal disbursement, 25th August 2014, N60B in cash in tranches of N40billion and N20billion: The sum was not tied to any project or procurement and was then shared between two security agencies under the supervision of the then NSA.

“Most of these sums ended up in the hands of senior PDP members some of whom have returned parts of the loot. Some are standing trial for these offenses. These facts are in the public domain.

“There was yet another set of illegal fund withdrawals under one week between January 8and 16, 2015, where the sum of N1.5 billion was released in three tranches of N300m, N400m and N800m respectively. This money was released from the MEA Research Library Account

“Another document showed that N10 billion was released to the Office of the National Security Adviser by the Central Bank of Nigeria (CBN) on September 15, 2014.

“The money was released in tranches of foreign exchange of $47 million, $5 million, 4 million Euros and 1.6 million Euros.

“A letter from the Office of the NSA in November 2014 further showed that the monies were released as ‘funds for special services’. This particular release of N10B was sourced in November 2014 from a N40 Billion CBN released funds meant for Corporate Social Responsibility, CSR. Investigators showed that this money was released for the PDP Presidential Primaries.”

“These cases of grand corruption and open looting of public resources pauperized Nigeria and left us with little or no savings in the years when oil was selling at 100 to 114 dollars a barrel and we were producing 2.1 million barrels a day.

“When in 2015 oil prices went even as low as between 28 and 35 dollars a barrel and oil production fell to less than one million barrels a day, we had no buffer, no savings, to tide us through,” the statement said.

In a response to these allegations, Ex-President Jonathan through his aide, Reno Omokri,asked why the vice president would not leave the EFCC and ICPC to do their jobs.

“Is Vice President Osinbajo so jobless that he has reduced himself and his office to being the spokesperson of the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offenses Commission?” he asked.

“It is funny that an administration that illegally withdrew $496 million from the Excess Crude Account without due process, allegedly to pay for 12 Super Tocano jets is accusing the Jonathan administration of illegal withdrawals,” he added.

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