Corruption: Jonathan doled out N100bn, $295m cash in 2015 – Osinbajo

By Tony Edike on 28/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 1,013

Yemi Osinbajo
Yemi Osinbajo

 

Vice-President Yemi Osinbajo has said that the massive looting of the nation’s resources by the immediate past administration of President Goodluck Jonathan is responsible for the economic crunch the country is experiencing under the present administration.

He specifically said that before the 2015 elections, the government of Goodluck Jonathan, ostensibly doled out N100billion and $295million in cash within two weeks.

Speaking yesterday in Lagos at a ‘Greater Nigeria Pastors Conference’ organised by Rev. Yomi Kasali’s-led Berean Ministers Group, Osinbajo said the Nigerian system was deeply infested with corruption, adding that graft should be pointedly tackled at all levels of institution.

According to him, the Muhammadu Buhari-led administration decided to borrow to fund the budget because the nation’s earning had dropped and millions of Naira are still unaccounted for in the last administration.

He said: “The theft of resources in this country is the first and primary reason for our poverty.

“That is why we have to address the issue of corruption pointedly, not once in a while because the system is corrupt; it is a corrupted system that we are running. This is not a system where corruption is just an exception, corruption is generally the rule in the Nigerian system.

“It is easy to say how come we don’t have money or why are we borrowing money? If you as an individual have N1million and somebody stole N900,000 from it, you won’t ask the question how come I am poor? You will immediately tie the theft of your money to your poverty.

“When we came in, we had a foreign reserve of $32 billion, but there was $15billion used for defence contract that was unaccounted for.

“Weeks before the 2015 elections, the government then, gave out N100billion in cash and $295million in cash ostensibly for security within two weeks. Those are the reasons why we don’t have money.”

 

 

Posted 28/10/2017 7:27:37 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
“You can’t decide for Buhari” — Northern Leaders...

2019: Stop taking codeine, Ekweremadu tells Enugu APC...

Buhari signs peace pact as Atiku claims he...

DSS Siege on NASS: It's a coup against...

I won’t go to jail because I have...

Nigerian Senate suspends Pro-Buhari Senator

Federal govt reacts to alleged harassment of Atiku...

2019: FG plans to frame me, give me...

You don’t need license to establish solar power...

Sad! Osita Osadebe’s son dies in Anambra flood...

Ekweremadu Speaks on Constitutionalism in Africa

Israel shoots down rocket fired from Gaza

 

Latest News Our endorsement of Atiku, Obi sacrosanct —Ohanaeze Order on ballot box snatchers: We’ll act according to the law – Army Buhari orders Army, Police, others to kill ballot box snatchers Outrage as Buhari declares death for ballot box snatchers Ballot box: Buhari showing his true colours with death threat – Atiku Enugu East: Court sacks APC Senatorial candidate Postponement: Presidency speaks on alleged plans by Buhari to remove INEC chairman Customs officer allegedly kills passenger over N5,000 bribe Woman allegedly defrauds church of N110m, nabbed APC national caucus meets on Monday, ahead of rescheduled elections Election Postponement: INEC Chairman has many questions to answer --ABC Nwosu TI doubts safety, integrity of electoral materials

 

Most Read NAFDAC eases processes, cost of registering products for MSMEs (7,629 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (6,419 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (6,119 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (5,612 views) ASUU strike: Senate intervention ends in deadlock (5,489 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (4,573 views) Prince Arthur Eze canvasses support for Buhari, Ugwuanyi (4,466 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (4,391 views) Anambra: INEC releases 37 candidates for Nov poll (4,343 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (4,340 views) Buhari has disappointed Nigerians – Arewa Youth Forum (4,300 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (4,218 views)

 

SECTIONS NEWS (831) EDITORIAL (6) POLITICS (412) SOCIETY (105) SPORTS (13) BUSINESS (241) HEALTH (16) EDUCATION (20) INTERNATIONAL (31) ENTERTAINMENT (8) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (0) OPINION (10)

 

 

Julius Agwu - Crazy Interview Demands