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PDP Denies Squandering $500bn …Urges Buhari To Visit Dapchi Over Abducted School Girls
The Peoples Democratic Party (PDP) has described the claim by President Muhammadu Buhari that it squandered the sum of $500bn oil proceeds within the 16 years it was in power, as baseless and unfounded.
The party urged the President not to allow his aides railroad him into peddling such “Groundless allegations and bandying of unverified figures,” as doing that could dent his personality.
PDP National Publicity Secretary, Kola Ologbondiyan, in a statement yesterday, said the figures alluded to by the President does not add up or reflect the actual oil related profile of the nation during the period and urged the President not to allow his handlers set him up for public ridicule.
“The entire country is aware that the Presidency is on a feverish mood over their bound-to-fail 2019 re-election bid for which they have resorted to making spurious claims against the PDP even when it is clear to Nigerians that the PDP has since rebranded while preponderance of those who mismanaged the nation’s resources have now found a safe haven in the Buhari-led All Progressives Congress (APC).
“The party challenged President Buhari to name one corrupt person in the repositioned and rebranded PDP and it will hand him a list of an army of corrupt persons who are hiding in his APC including those who funded his 2015 presidential campaigns with stolen money in addition to his many cronies who are now frittering away billion of naira under his watch.
“We know that President Buhari did not source his figures, otherwise we would have directly taken him to task on the veracity of his claims and detestable image of his party.
We, however ask, is the President and his handlers not aware of the humongous corruption going on under the Buhari Presidency? What have they to say to the recent Transparency International (TI) report which shows that corruption has worsened under the Buhari administration? What have they to say about the official memo detailing shady oil deals to the tune of N9 trillion ($25 billion) at the NNPC which is directly under the purview of the President as Minister of Petroleum resources?
“The Presidency is yet to address its complicity in the heavy sleazes in the National Health Insurance Scheme where billions of naira have allegedly been siphoned by their agents, in spite of the Treasury Single Account (TSA); the alleged diversion of N1.1 trillion worth of crude oil and the frittering of billions of naira meant for rehabilitation of Internally Displaced Persons in the northeast, all to service APC interests?
“Nigerians are alarmed by the President’s claim that his administration inherited a collapsing economy when it is common knowledge that he was actually handed a thriving economy, ranked the third largest in Africa and one of the fastest growing in the world,” the statement read in part.
The party also mocked President’s Buhari’s monetary policy, asking “Has Mr. President forgotten that when he assumed office in 2015, the value of our naira was N185 to 1USD? Nigerians are aware that the naira went as low as N510 to 1USD and in case Mr. President is not aware, Nigerians are also ridiculing his much-touted strengthening of the naira.”
Meanwhile, the Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to show true “leadership by visiting troubled Dapchi community, Yobe State.”
The PDP urged Buhari to “halt the feasting with the All Progressives Congress (APC) chieftains in Aso Villa”, and visit the area to get first-hand information on the “circumstances surrounding the abduction of the 110 school girls under his watch.”
A statement titled, “Mr President Sir, Go to Dapchi” signed by PDP’s National Publicity Secretary, Kola Ologbondiyan, yesterday, said if Buhari heeds the advise, he will “bridge the disconnect between him and Nigerians, who daily lament the aloofness of their leader.”
The statement reads: “It was disheartening that while the parents of our abducted daughters are wailing and the insurgents are fleeing deeper, the President and his APC leaders are busy feasting in the Presidential Villa and plotting their bound-to-fail 2019 re-election campaign.
“President Buhari has completely reneged on his assurances, before his election, to be a father to all and to lead the fight against insurgency from the fronts.
“Nigerians are worried that he has now allowed himself to be holed in the safety and luxury of the Presidential Villa while citizens are being slaughtered and taken captives by marauders and insurgents.
“Nigerians are shocked that the presidential mandate of protecting lives has now been reduced to a cosmetic dispatching of ministers and persons with no knowledge of security, including those known to be falsifying performance indices, on mere fact-finding missions, while machinery for proactive security measures is left unattended.
“Today, Nigerians are daily slaughtered and taken as captives because those who have the direct mandate to protect them are more interested in their ill-lucked 2019 re-election ambition while the citizens are left to whatever fate that befalls them”.
“Painfully, Nigerians are yet to see any concrete action taken by the Buhari Presidency to apprehend the perpetrators of the gruesome killings in Benue, Taraba, Zamfara, Adamawa, Borno, Plateau, Nasarawa and Yobe, among other states, where our citizens are being hacked down by marauders and insurgents.
“They are yet to see any step so far taken, outside empty promises, to end or even reduce the carnage.
“Most appalling is the fact that while the parents of our 110 abducted Dapchi daughters are still wailing and insurgents driving into deeper recesses, the President and his party men are busy feasting in the Presidential Villa and plotting their 2019 campaigns; of course, with funds meant for the wellbeing of the people and our nation.
“Indeed, this President Buhari-led and discredited APC-controlled Federal Government holds Nigerians in total disdain.
“This administration is completely insensitive to the plight of the people, and it is not a surprise that majority of Nigerians are more than prepared to reject them at the polls come 2019.
“We, therefore, plead with President Buhari to show leadership by immediately calling off his feasting in the Presidential Villa, and take that bold step to visit Dapchi, where a soothing word from him will be a balm for the distraught community.
“We also urge him to take decisive steps to scale up action for the return of our girls in spite of the huge speculations that have filled the air.
“The President must keep his words to lead from the fronts,” the PDP added.
President Bola Tinubu has ordered a Federal Executive Council committee to move swiftly on measures to further reduce food prices across the country.
The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, disclosed this in Abuja, on Wednesday.
According to him, the directive focuses on ensuring safe passage of farm produce across transport routes to cut logistics costs.
“The President has given a matching order with a Federal Executive Council committee already handling it on how we are going to promote safe passage of agricultural foods and commodities across our various routes in the country,” Abdullahi said at a capacity-building workshop for Senate correspondents.
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Nigeria, Africa’s most populous nation, has faced worsening food insecurity since the removal of fuel subsidy, high transport costs, and insecurity on major highways disrupted the movement of goods.
Despite government interventions, food remains largely unaffordable for millions.
The minister said the plan is tied to Tinubu’s broader vision of food sovereignty—beyond availability to ensure affordability, accessibility, and nutrition on a sustainable basis.
To back this up, he revealed that government is set to roll out a Farmer Soil Health Scheme to boost productivity and a revamped cooperative reform initiative to mobilise resources and empower rural farmers.
“Mr. President has shown tremendous interest in the cooperative sector as a veritable tool for resource mobilisation, for economic activity generation, and to improve the livelihood of members,” Abdullahi added.
The event, with the theme, “Parliamentary Reporting: Issues, Challenges and Responsibilities,” also featured Senate Media Committee Chairman, Senator Yemi Adaramodu; ex-presidential aide, Senator Ita Solomon Enang; and NILDS DG, Prof. Abubakar Sulaiman.
The Federal Government has warned contractors, including foreign firms, that any breach of regulations in road projects awarded to them may lead to arrest by the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission.
The Minister of Works, David Umahi, issued the warning during an inspection of the ongoing dualisation of the East-West Road (Section IIIA) from Eleme Junction to Onne Port Junction in Rivers State.
The section is being executed by Reynolds Construction Company (Nigeria) Limited.
Responding to questions from journalists, Umahi commended the quality of work on the project but expressed displeasure over the slow pace, stressing that the December completion deadline remains sacrosanct.
On the project, he said:“The quality of the work is excellent, but the pace of work is totally unacceptable. Let me make it very clear to the contractor that this project will neither be reviewed nor varied in price or claims.
“I’m sure we have issued over 10 warning letters to them. If they fail to comply with the completion deadline of December 15, we will not extend it.”
He added that the ministry had already put measures in place to enforce compliance
“The comptroller has negative certificates to issue, and I will recover the money from any of their other projects. All those letters are on record, and when the time comes, they will be invoked. Any contractor who refuses to abide by regulations will have the EFCC and ICPC to contend with,” he said.
Umahi further disclosed that the Federal Government had directed that road projects valued below N20bn would no longer be awarded to expatriate companies, in line with its “Nigeria First” policy aimed at strengthening indigenous capacity in the construction sector.
“This is part of the Nigeria First policy of the Federal Government. Henceforth, no expatriate firm will be awarded any project valued below N20bn. Such projects must go to indigenous companies, while expatriates focus on higher-value projects requiring more technical capacity,” he said.
The minister also noted that the Federal Ministry of Works had adopted a funding prioritisation framework to sustain road projects initially financed by the Nigerian National Petroleum Company Limited under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
He stressed that President Bola Tinubu had directed that none of such projects should be abandoned, adding that priority would be given to critical economic corridors.
Umahi also decried the indiscriminate parking of heavy-duty vehicles on highways, saying it was damaging the pavements of completed sections of the road.
He said letters would be sent to state governors and the Inspector-General of Police to enforce punitive measures against defaulters.
Earlier, the Federal Controller of Works in Rivers State, Mrs Enwereama Tarilade, said RCC had completed 15km of the right carriageway and commenced work on the left carriageway, with one kilometre already laid in Continuously Reinforced Concrete Pavement.
The Rivers State Government says it will ensure the smooth and successful takeoff of the newly established Federal University of Environment and Technology (FUET), in Ogoniland.
This commitment was made yesterday by the Administrator of Rivers State, Retired Admiral Ibok-Ete Ibas (Rtd), during a courtesy visit by the university’s Governing Council and Management team at the Government House, in Port Harcourt.
The high-level delegation was led by the Pro-Chancellor and Chairman of the Council, Professor Don Baridam and the Vice-Chancellor, Professor Chinedu Mmom.
In his address, Administrator Ibas warmly congratulated the pioneer council and management on their appointments, describing their task as both a recognition of individual accomplishment and a historic call to duty.
“This is not just a recognition of your personal achievements but also a call to history to shape an institution that will have a profound impact on Rivers State, the Niger Delta, and indeed our country,” he stated.
The Administrator commended President Bola Ahmed Tinubu for the establishment of the specialized university in Ogoniland, describing the initiative as “timely and strategic.”
He emphasized that the university’s presence offers a critical opportunity to drive research, innovation, and community-focused solutions to the region’s pressing environmental and developmental challenges.
He further noted that the university’s core focus aligns perfectly with the priorities of his administration.“We consider this university not merely as another institution of higher learning but as a strategic partner in our collective effort to rebuild Rivers State under the ongoing state of emergency and beyond,” he affirmed.
Responding to specific requests presented by the delegation, Administrator Ibas assured the university of immediate support in critical areas essential for the its commencement.
These include the provision of operational vehicles, key facilities, and the completion of the access road to the campus, adding that other vital needs, such as perimeter fencing, refuse disposal, and the issuance of a Certificate of Occupancy, would be addressed within the framework of the state’s broader infrastructure and support programmes.
To ensure swift action, the Administrator directed the Secretary to the State Government (SSG) to work closely with the university’s Governing Council to prioritize the sequence of requests, particularly those tied to the commencement of academic activities in September 2025.
“Let me assure you that Rivers State Government will stand as a dependable partner to the Federal University of Environment and Technology. We see this university as part of our long-term investment in knowledge, innovation, and the future of our youths,” he emphasized.
In his remarks, the Pro-Chancellor and Chairman of the Governing Council, Professor Don Baridam, reaffirmed the university’s commitment to academic excellence, innovation, and community development.
He disclosed that the Federal Government has directed the institution to formally commence its academic session in September 2025, adding that preparations are in full swing to ensure a smooth take-off with adequate infrastructure and resources in place.
“Today’s meeting marks the beginning of a strategic partnership between the Rivers State Government and FUET, envisioned to establish the university as a premier hub for research, innovation, and sustainable development in the Niger Delta”, he said.
