{"id":62276,"date":"2018-05-20T19:43:26","date_gmt":"2018-05-20T18:43:26","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=62276"},"modified":"2018-05-20T19:43:26","modified_gmt":"2018-05-20T18:43:26","slug":"pdp-accuses-buhari-of-n1-4trillion-subsidy-fraud-challenges-president-on-open-inquest","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/pdp-accuses-buhari-of-n1-4trillion-subsidy-fraud-challenges-president-on-open-inquest\/","title":{"rendered":"PDP Accuses Buhari of N1.4trillion Subsidy Fraud\u2026 Challenges President on Open Inquest"},"content":{"rendered":"<div data-test-id=\"message-view-body\">\n<div class=\"msg-body P_wpofO iy_A\" data-test-id=\"message-view-body-content\">\n<div class=\"jb_0 X_6MGW N_6Fd5\">\n<div>\n<div dir=\"ltr\">The Peoples Democratic Party (PDP) accuses President Muhammadu Buhari of<\/div>\n<div dir=\"ltr\">corruption over the fuel subsidy regime of his government.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">PDP challenges President Buhari to submit himself for an independent<\/div>\n<div dir=\"ltr\">inquest into his handling of the N1.4 trillion oil subsidy regime as<\/div>\n<div dir=\"ltr\">well as the alleged complicity of his Presidency in other exposed<\/div>\n<div dir=\"ltr\">financial impropriety by cronies of his government, particularly in<\/div>\n<div dir=\"ltr\">revenue collecting agencies.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Such inquest, which is already backed by state governors across board,<\/div>\n<div dir=\"ltr\">will not only expose humongous corruption but also show the world that<\/div>\n<div dir=\"ltr\">our African Union (AU) Anti-Corruption champion had not been totally<\/div>\n<div dir=\"ltr\">spotless.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">We invite Nigerians to note that the demand by governors to probe all<\/div>\n<div dir=\"ltr\">subsidy deals since 2015 is a direct indictment on President Buhari as<\/div>\n<div dir=\"ltr\">the Minister of Petroleum,\u00a0 particularly, following allegations that the<\/div>\n<div dir=\"ltr\">stolen funds are being warehoused to fund his 2019 re-election bid and<\/div>\n<div dir=\"ltr\">the opulent lifestyle in the Presidential Villa.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">The party notes that if President Buhari allowed the inquest, it will<\/div>\n<div dir=\"ltr\">reveal how our president, who had queried the genuineness of the oil<\/div>\n<div dir=\"ltr\">subsidy payments by PDP administration and described the process as a<\/div>\n<div dir=\"ltr\">fraud, had secretly engaged in underhand oil subsidy deals.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Nigerians will also understand how the cost of fuel geometrically rose<\/div>\n<div dir=\"ltr\">from the PDP subsidized cost of N87 to N145, representing a criminal N58<\/div>\n<div dir=\"ltr\">tax, per liter of fuel.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Nigerians\u00a0 recall that it took over two years of secret oil subsidy<\/div>\n<div dir=\"ltr\">deals under President Buhari, before it was exposed last December.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Since then, the Presidency and the NNPC have been seeking ways to cover<\/div>\n<div dir=\"ltr\">the fraud which include claims that local consumption suddenly jumped<\/div>\n<div dir=\"ltr\">from 28 million liters per day to 60 liters per day.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">PDP considers this as a fabrication to retire the billions being stolen<\/div>\n<div dir=\"ltr\">as subsidy, even when statistics by the National Bureau of Statistics<\/div>\n<div dir=\"ltr\">and the reality of the retarded purchasing power of citizens, under the<\/div>\n<div dir=\"ltr\">prevailing economic recession, do not validate such claims.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Nigerian therefore deserve to know who authorised the payments and the<\/div>\n<div dir=\"ltr\">identity of the beneficiary companies, if any.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">The PDP is happy that state governors across board and the National<\/div>\n<div dir=\"ltr\">Assembly are on the same page with\u00a0 our party in condemning the<\/div>\n<div dir=\"ltr\">humongous fraud going on under President Buhari&#8217;s fuel subsidy.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">The PDP therefore demands that the inquest covers the alleged the N15<\/div>\n<div dir=\"ltr\">billion stolen from the NHIS, the N18 billion stolen from the PINE<\/div>\n<div dir=\"ltr\">initiative, the alleged leaked memo of N9 trillion corrupt oil contracts<\/div>\n<div dir=\"ltr\">at the NNPC, the reported diversion of N1.1trillion worth of crude last<\/div>\n<div dir=\"ltr\">year and why indicted Presidential cronies and fronts have not been<\/div>\n<div dir=\"ltr\">prosecuted.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"jb_0 X_6MGW N_6Fd5\"><\/div>\n<\/div>\n<div class=\"H_7jIs D_F ab_C Q_69H5 E_36RhU\" data-test-id=\"toolbar-hover-area\">\n<div class=\"D_F W_6D6F r_BN gl_C\" data-test-id=\"card-toolbar\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Peoples Democratic Party (PDP) accuses President Muhammadu Buhari of corruption over the fuel subsidy regime of his government. PDP challenges President Buhari to submit himself for an independent inquest&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":44525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-62276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PDP Accuses Buhari of N1.4trillion Subsidy Fraud\u2026 Challenges President on Open Inquest - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/pdp-accuses-buhari-of-n1-4trillion-subsidy-fraud-challenges-president-on-open-inquest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PDP Accuses Buhari of N1.4trillion Subsidy Fraud\u2026 Challenges President on Open Inquest - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Peoples Democratic Party (PDP) accuses President Muhammadu Buhari of corruption over the fuel subsidy regime of his government. 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