PDP Politicians Have Looted Nigeria Treasury Dry, They Are The Cause Of Economic Breakdown – FG

pdp looted nigeria treasury dry

December 13, 2015 – PDP Politicians Have Looted Nigeria Treasury Dry, They’re The Cause Of Economic Breakdown – FG

Nigerian Federal Government has said the poor state of the country’s economy, especially the depreciation in the Naira exchange rate, is the direct consequence of the incomprehensible mismanagement of the economy and the mindless looting of the national treasury under the immediate past Administration, rather than any so-called mismanagement by the Buhari Administration.

”If there was still any honour left among thieves, there is no way the leaders of a party under whose watch the nation’s economy suffered a monumental mismanagement and the Central Bank was turned to the ATM or piggy bank of a few people will have the temerity to insult a government that is working hard to turn things around or the citizens who are bearing the brunt of such mismanagement,” the Minister of Information and Culture, Alhaji Lai Mohammed, said in a statement on Sunday.

”It is now clear to all Nigerians that if the PDP had won the last general elections, Nigeria’s economy would not have survived one more month, considering the battering it received under the immediate past Administration. It is therefore unconscionable that those who should show contrition and hunker down to avoid public opprobrium are the same ones pointing an accusing finger at the Buhari Administration,” he said.

Alhaji Mohammed described the comments credited to Deputy Senate President Ike Ekweremadu, that businesses may collapse in the next six months because the Buhari Administration has mismanaged the economy, as the clearest indication yet that the PDP and its leaders are still in denial about the massive body blows they inflicted on the Nigerian economy.

”Senator Ekweremadu complained about the depreciation of the Naira without telling Nigerians who ‘dollarized’ the Nigerian economy by bribing many individuals and groups with dollars during the last elections, thus inflicting a knock-out punch on the local currency. He also failed to tell Nigerians which government presided over the frenzied mop-up of dollars, either for ‘armsgate’ or for slush fund purposes, from the CBN to a point where it almost ran out of the hard currency,” he said.

The Minister said even though the Buhari Administration met an economy that was in coma, it had refused to use that as an excuse for inaction, hence has been working hard on measures that will turn the economy around and greatly offer relief to Nigerians by lifting millions, not thousands, of people out of poverty through a massive social intervention policy.

”The outcome of the months of hard work will manifest soon in the 2016 national budget that will give succour to millions of Nigerians who are reeling from fallout of the solecism of the immediate past Administration that turned the country into a cash bazaar,” the Minister said.

[NAN]

10 thoughts on “PDP Politicians Have Looted Nigeria Treasury Dry, They Are The Cause Of Economic Breakdown – FG

  1. There are two main scriptures that keep pumping in my heart each time president Jonathan’s corruption scandal, money laundering operations, and embezzlement of public funds are been revealed to Nigerian public. “Where there is no vision, the people perish.” and the other one says,”What can a righteous do when the foundation is faulty? ” Nigeria is the most unfortunate nation in the entire globe when it comes to bad leaders, crooks, criminals, looters, wicked, higly corrupt, and unpatriotic individuals in charge of the affairs of the people at all levels of government. Nigeria is the only country in the world that anyone with opportunity of holding public office can instantly become a multi millionaire within days. This is shameful, counterproductive, and unpatriotic. Within the last 35 years, the only president who truly love, care and willing to govern Nigeria with vision, sincere heart, and honesty is President Mohammed Buhari. But what can this great leader do with an empty treasure, billions of dollars worth of loans borrowed by corrupt Jonathan administration, and declining price of crude oil at the world market. The first five years of Jonathan in office, the crude oil price was sold at an average price of about $135 per barrel. Then our national budget was based on average at $70 per barrel. So where are the excess revenue from the sales of crude oil in his five years in office? Badluck Jonathan and his PDP wicked politicians shared the excess among themselves and friends. What even made him the most wasteful president in the history is that that Animal even borrowed so much money at high interest rates from non oil producing nation like China, Brazil, and Japan to finance their corrupt practices. Today, the crude oil price is at the lowest price at $35 per barrel. Without any doubt, President Buhari inherited the worst situations from any sitting president in the history of our beloved nation. Badluck Jonathan handed to him insecurity, poor infrastructures, declining education standard, poor health care, collapsing economy, and divided electorate. The fact is that Nigeria and her people are far better off with PMB in power. Four more years of that vagabond, dumb, incompetent and highly corrupt zoologist would have cause total collapse of Nigeria. It will take time,patience, resources, and our prayers for PMB to reverse collateral damages of over 35 years done to Nigeria by crooks and looters in power at the federal, state and local levels.

    • The currption is obviously BIG in Nigeria, every politician who are in power or previous rule is part of the looters. They need to be checked out. Are they getting paid as a government workers or making money as a act of looters. An account of how they earn needs to be reviewed. what are their assets, money, property, business and investment in Nigeria and abroad, Then bring out the real justice prisonment out of them, nobody is above the law. Not house arrest or so called detained for investigation when we can all see the BIG pages of currptions, but too so very slow to make an example out of the politicians who has make wealth out of Nigeria system for their individual personal selfishness and greed. They alway make the best out of their life by traveling abroad destination like UK, US & other European countries.

    • The currption is obviously BIG in Nigeria, every politician who are in power or previous rule is part of the looters. They need to be checked out. Are they getting paid as a government workers or making money as a act of looters. An account of how they earn needs to be reviewed. what are their assets, money, property, business and investment in Nigeria and abroad, Then bring out the real justice prisonment out of them, nobody is above the law. Not house arrest or so called detained for investigation when we can all see the BIG pages of currptions, but too so very slow to make an example out of the politicians who has make wealth out of Nigeria system for their individual personal selfishness and greed. They alway make the best out of their life by traveling abroad destination like UK, US & other European countries.

  2. Jonathan knew when he conceded to the last election that there was no money left in the treasury, that was why he relinquish power without any resistance. He intentionally caused the greatest havoc on our nation’s economy and gladly transfered the burden to Buhari. How could he have done that to his own people who entrusted him in that position?.

  3. The currption is obviously BIG in Nigeria, every politician who are in power or previous rule is part of the looters. They need to be checked out. Are they getting paid as a government workers or making money as a act of looters. An account of how they earn needs to be reviewed. what are their assets, money, property, business and investment in Nigeria and abroad, Then bring out the real justice prisonment out of them, nobody is above the law. Not house arrest or so called detained for investigation when we can all see the BIG pages of currptions, but too so very slow to make an example out of the politicians who has make wealth out of Nigeria system for their individual personal selfishness and greed. They alway make the best out of their life by traveling abroad destination like UK, US & other European countries.

  4. The currption is obviously BIG in Nigeria, every politician who are in power or previous rule is part of the looters. They need to be checked out. Are they getting paid as a government workers or making money as a act of looters. An account of how they earn needs to be reviewed. what are their assets, money, property, business and investment in Nigeria and abroad, Then bring out the real justice prisonment out of them, nobody is above the law. Not house arrest or so called detained for investigation when we can all see the BIG pages of currptions, but too so very slow to make an example out of the politicians who has make wealth out of Nigeria system for their individual personal selfishness and greed. They alway make the best out of their life by traveling abroad destination like UK, US & other European countries.

  5. The currption is obviously BIG in Nigeria, every politician who are in power or previous rule is part of the looters. They need to be checked out. Are they getting paid as a government workers or making money as a act of looters. An account of how they earn needs to be reviewed. what are their assets, money, property, business and investment in Nigeria and abroad, Then bring out the real justice prisonment out of them, nobody is above the law. Not house arrest or so called detained for investigation when we can all see the BIG pages of currptions, but too so very slow to make an example out of the politicians who has make wealth out of Nigeria system for their individual personal selfishness and greed. They alway make the best out of their life by traveling abroad destination like UK, US & other European countries.

  6. The currption is obviously BIG in Nigeria, every politician who are in power or previous rule is part of the looters. They need to be checked out. Are they getting paid as a government workers or making money as a act of looters. An account of how they earn needs to be reviewed. what are their assets, money, property, business and investment in Nigeria and abroad, Then bring out the real justice prisonment out of them, nobody is above the law. Not house arrest or so called detained for investigation when we can all see the BIG pages of currptions, but too so very slow to make an example out of the politicians who has make wealth out of Nigeria system for their individual personal selfishness and greed. They alway make the best out of their life by traveling abroad destination like UK, US & other European countries.

  7. The currption is obviously BIG in Nigeria, every politician who are in power or previous rule is part of the looters. They need to be checked out. Are they getting paid as a government workers or making money as a act of looters. An account of how they earn needs to be reviewed. what are their assets, money, property, business and investment in Nigeria and abroad, Then bring out the real justice prisonment out of them, nobody is above the law. Not house arrest or so called detained for investigation when we can all see the BIG pages of currptions, but too so very slow to make an example out of the politicians who has make wealth out of Nigeria system for their individual personal selfishness and greed. They alway make the best out of their life by traveling abroad destination like UK, US & other European countries.

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