Where Are The Recovered Loots? - PDP Challenges FG

Opposition Peoples Democratic Party (PDP) has queried the Federal Government over the recovered looted funds by the anti-graft agencies.

The spokesman of PDP, Dayo Adeyeye made this known through an official statement on behalf of the party.

He said: “Nigerians will recall that the minister of information, culture and tourism, Alhaji Lai Mohammed in June 2016 made public through a press statement, an account of recovered looted funds between May 2015 to May 2016 amounting to the sums of N78.3bn, $185.1m, £3.5m and €11,250m in cash; while others were under interim forfeiture.

"What happened to the recovered funds? Or is it the same funds the EFCC and DSS are planting in houses of opposition figures and justices instead of channeling it into the economy?” the party asked.
Continuing, the PDP said “In addition, the Chairman of Economic and Financial Crime Commission (EFCC), Ibrahim Magu recently confirmed our position when he stated that the commission recovered more money in eight months than it recovered in 12 years."

On the achievements of the President Buhari led government, PDP said, "It is no gain saying that the APC led federal government has left no stone unturned in castigating the PDP’s 16 years as wasted even with its obvious achievements; one of which was getting reprieve from the Paris Club of Creditors."

The party further said, "The APC-led federal government is again taking Nigeria prior to Year 2005 when external debt burden derailed the growth of Nigeria economy and weakened the GDP before the total cancellation of her debt. This proposed action of the APC’s government will be a great injustice to the citizens of this country now and in the future if they are plunged back into debt."

The PDP had earlier urged the National Assembly to reject the President's plea to get an approval to get a loan of $30billion to enable him execute key programmes and infrastructural projects across the country.

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