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PDP alleges plots to loot $311m repatriated funds

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Peoples Democratic Party (PDP) has raised alarm over fresh plots by the cabal in the Presidency and the All Progressives Congress (APC) to use fake subheads and duplicated projects as ploy to re-loot the recently repatriated $311 million.

The United States had, on Monday, released the funds to the Nigerian government. The money was part of the funds looted and stashed in foreign banks by the late military dictator, Sani Abacha when he was head of state from 1993 to 1998.

In a statement on Wednesday by the spokesman for the PDP, Kola Ologbondiyan, the party said that the “cabal” had perfected the use of fake subheads as nomenclatures to mislead those who repatriated the funds and pave way for the frittering of the money to their private pockets, “as they had done with earlier repatriated funds”.

The PDP further alleged that part of the strategy of was to hype hazy subheads and stampede the dissipation of the funds without the statutory approval of the National Assembly.

This, according to the main opposition party, would enable the said cabal to muddle up accountability processes, conceal fraud and divert the attention of the unsuspecting public from the scam.

“The fraudulent dissipation of the funds will then be followed with false performance claims as well as blackmailing and intimidation of Nigerians demanding for both transparency and accountability in the handling of the money,” the party said.

It noted that such had become the “standard ruse” for the cabal and APC leaders, who the party alleged, also looted the earlier repatriated $322 million under the guise of sharing money to the poor in 19 states.

The main opposition party insisted that the government had not been able to provide answers to allegations that more than 90 percent of the 300,000 households it listed as beneficiaries of the initial $322 million were phony family names.

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