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Buhari’s Govt Borrowed N12trn In Three Years -PDP …Insists Presidency Cabal, APC Desperate To Retain Power
The Peoples Democratic Party (PDP) has claimed that the President Muhammadu Buhari-led Presidency borrowed a total of N12.27 trillion within three years and without any significant development project on which the money was invested.
The main opposition party also said that the Buhari Presidency lacks the competence and integrity to run a creative, transparent and credible administration that could guarantee economic growth, wealth creation and a dependable system.
The National Publicity Secretary of the party, Mr. Kola Ologbondiyan, disclosed this in a statement issued yesterday, stressing that the All Progressives Congress (APC) is desperate to remain in power at all costs, so as to continue to exploit Nigerians, protect APC corrupt leaders, cover their incompetence and conceal the humongous sleazes in their administration.
He noted that the APC administration wants to remain in power to prevent investigation into the N14 trillion allegedly stolen under its watch; including the N9 trillion allegedly stolen from the Ministry of Petroleum Resources, as detailed in the leaked NNPC memo; the over N1.4 trillion alleged oil subsidy sleaze and the N1.1 trillion worth of crude allegedly diverted using 18 unregistered companies linked to APC interests.
The PDP said this was in addition to the N33billion National Emergency Management Agency (NEMA) fund, and the over N18 billion allegedly stolen out of the N48 billion approved by the National Assembly in the 2017 budget for the rehabilitation of IDPs in the Northeast, among others.
Ologbondiyan stated: “Furthermore, the Buhari-led APC administration is desperate to avoid an investigation into its unwholesome borrowings that led to the escalation of our nation’s debt stock from N12.12 trillion in 2015 to an overburdening N24.39 trillion in 2018.
“Within a space of three years, this administration has borrowed a total of N12.27 trillion, yet it cannot point to any significant development project into which the money was invested. This includes the N2.66 trillion borrowed in 2018, ahead of the 2019 general elections.
“These and many more are funds meant for infrastructural development and welfare of Nigerians but have been cornered by APC leaders.”
Ologbondiyan noted that the negative effect was the further dipping of the country’s economy, as investor’s confidence, which shored up at the expressed resolve by Nigerians to elect Atiku Abubakar as their next President, slumped with the rigging of the Presidential election.
He added, “This is the reason the APC and the cabal at the incompetent Buhari Presidency resorted to violence, intimidation as well as manipulations and alteration of results at the Independent National Electoral Commission (INEC) to rig the February 23, Presidential election.”
The PDP spokesman said that this also explains why APC agents and certain Presidential aides had been making desperate efforts to distract the Presidential Election Petitions Tribunal and derail the course of justice by making and promoting baseless judicial interpretations and externalizing the proceedings of the court.
The PDP however urged Nigerians not to despair but continue to be steadfast in the aspiration for the recovery of the ‘stolen’ Presidential mandate at the tribunal.
The party said this was the only way to return the nation to the path of peace, national unity and a vibrant economy.
Meanwhile,the Peoples Democratic Party (PDP) has alleged that the President Muhammadu Buhari-led Presidency and the All Progressives Congress (APC) are desperate to remain in power at all costs, so as to continue to exploit Nigerians, protect APC corrupt leaders, cover their incompetence and conceal the humongous sleazes in their administration.
In a statement issued by Kola Ologbondiyan, its National Publicity Secretary in Abuja yesterday, the party affirmed: “This is the reason the APC and the cabal at the incompetent Buhari Presidency resorted to violence, intimidation as well as manipulations and alteration of results at the Independent National Electoral Commission (INEC) to rig the February 23, Presidential election.
“This also explains why APC agents and certain Presidential aides have been making desperate efforts to distract the Presidential Election Petitions Tribunal and derail the course of justice by making and promoting baseless judicial interpretations and externalizing the proceedings of the court.
“President Buhari-led APC administration wants to remain in power to prevent investigation into the N14 trillion allegedly stolen under its watch; including the N9 trillion stolen from the Ministry of Petroleum Resources, as detailed in the leaked NNPC memo; the over N1.4 trillion alleged oil subsidy sleaze and the N1.1 trillion worth of crude diverted using 18 unregistered companies linked to APC interests.
“This is in addition to the N33billion National Emergency Management Agency (NEMA) fund, and the over N18 billion stolen out of the N48 billion approved by the National Assembly in the 2017 budget for the rehabilitation of IDPs in the Northeast, among others.
“Furthermore, the Buhari-led APC administration is desperate to avoid an investigation into its unwholesome borrowings that led to the escalation of our nation’s debt stock from N12.12 trillion in 2015 to an overburdening N24.39 trillion in 2018.
“Within a space of three years, this administration has borrowed a total of N12.27 trillion, yet it cannot point to any significant development project into which the money was invested. This includes the N2.66 trillion borrowed in 2018, ahead of the 2019 general elections.
“These and many more are funds meant for infrastructural development and welfare of Nigerians but have been cornered by APC leaders.”
The statement said the Buhari Presidency lacks the competence and integrity to run a creative, transparent and credible administration that can guarantee economic growth, wealth creation and a dependable system has become a globally accepted fact.
It further stated: “The negative effect is the further dipping of our economy, an investor’s confidence, which showed up at the expressed resolve by Nigerians to elect Atiku Abubakar as their next President, slumped with the rigging of the Presidential election.”
The PDP, however, urged Nigerians not to despair but continue to be steadfast in the aspiration for the recovery of the stolen Presidential mandate at the tribunal, as this is the only way to return our nation to the path of peace, national unity and a vibrant economy.
News
CAN President Tasks Christians On Unity
Against the backdrop of rising economic challenges and global uncertainties, the President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, has called for calm, unity, and responsible leadership as Christians across the country mark Palm Sunday, yesterday.
In a statement released yesterday, Okoh reflected on the significance of Palm Sunday, saying that it is a moment that symbolises peace, humility, and hope, even in times of tension and uncertainty.
He further explained that Jesus entered Jerusalem with calm resolve, not as a display of force, but with a message of peace and purpose.
The CAN President noted, “The message of the Christian observance is particularly relevant as many Nigerians grapple with economic hardship, including rising cost of living, increasing fuel prices, and escalating food costs.”
He attributed part of the economic pressure to global developments, especially geopolitical tensions involving Iran, Israel, and the United States that are already impacting energy markets and, by extension, everyday life in Nigeria.
He stressed that across the country, families are feeling the weight of these times, with transport costs rising, food prices climbing, and daily life becoming more difficult.
He stated that Nigerians are primarily concerned with survival and stability, appealing to leaders at all levels to be mindful of the tone and impact of their words and actions.
According to him, when life feels uncertain, people need reassurance, they need stability and the confidence that those in authority understand their struggles. He stressed that the lessons of Palm Sunday should guide leadership, as true leadership is defined not by force or rhetoric, but by empathy, restraint, and a commitment to the common good.
He stressed that it is a time for decisions that ease burdens, calm anxieties, and bring people together, and called on the Church and Nigerians of all faiths to embrace their responsibility in promoting peace and unity.
He said Palm Sunday serves as a reminder of a time when people from diverse backgrounds came together in shared hope and purpose, pointing out that the same spirit is needed now to stand for peace, strengthen unity, and support one another, especially in a season that could easily tilt towards tension.
Okoh encouraged young Nigerians and those most affected by the current economic realities not to lose hope, acknowledging that while the challenges are real, they are not insurmountable.
News
Acting Provost Dismisses Alleged Missing Equipment Claims At Rivers Health College
The Acting Provost of the Rivers State College of Health Science and Management Technology, Dr. (Mrs.) Peace Chigozirim Amadi has refuted claims circulating in the media suggesting that laboratory equipment went missing from the college.
In a recent statement, Dr. Amadi described the reports—particularly those attributed to certain publications—as false and misleading. She emphasized that all laboratory equipment at the college remain intact.
“I am here to set the record straight. No laboratory equipment disappeared from my college. Nothing is missing,” Dr. Amadi said, challenging anyone with contrary claims to provide evidence, including the names of the equipment and their supposed locations.
She further noted that the college recently underwent an accreditation exercise, during which significant investments were made in laboratory equipment. According to Dr. Amadi, these items are fully accounted for, and the college maintains a robust security system to protect its assets.
“Everything is intact. Nothing disappeared. The information being circulated is false and should be discarded,” she reiterated.
Beyond addressing the allegations, Dr. Amadi also called on media practitioners to exercise professionalism and verify stories before publication. “I want to plead with journalists to always verify their stories. Junk journalism does not help anyone. No matter the information you receive, it is important to hear the other side before publishing,” she said.
While social media posts have occasionally raised concerns about various issues in the region’s health education sector, including extortion and examination malpractice at related institutions, there is no independent evidence from credible news sources confirming that equipment went missing from Rivers State College of Health Science and Management Technology.
The college, a public tertiary institution based in Port Harcourt, Rivers State, is accredited to offer a variety of health-related programs, including Nursing, Midwifery, Laboratory Technology, and Environmental Health. It has consistently emphasised integrity, safety, and transparency in its operations.
Dr. Amadi’s statement seeks to reassure the public, students, and stakeholders that the college remains secure, well-managed, and free from the alleged equipment losses, while urging journalists to prioritise accuracy in reporting.
News
Hausa Leader Lauds Fubara For Sustaining Peace, Security In Rivers
The Chairman of the Arewa Traditional Council of Chiefs in Rivers State, Alhaji Hussaini Isa Madaki, has commended Governor Siminalayi Fubara of Rivers State for his efforts in sustaining peace and security of lives and property across the state.
Madaki, who is also the Sarkin Hausawa in Rivers State, described the governor as a leader who has embraced the Hausa community as part of the larger family in the state.
Speaking with journalists at his office in Port Harcourt during the 2026 Eid al-Fitr celebration, Madaki noted that Governor Fubara has demonstrated fairness and inclusiveness by not segregating any ethnic group, particularly the Hausa community.
He added that the governor’s peaceful disposition has positioned Rivers State as one of the most accommodating and peaceful states in the country.
Madaki further assured that the Hausa community would continue to give maximum support to the Fubara-led administration until the end of its tenure.
He also urged members of the community to remain peaceful and law-abiding as they go about their lawful activities.
On community development, Madaki disclosed that district and ward heads have been appointed and crowned across Hausa settlements in the State to ensure proper coordination and profiling of residents. According to him, the initiative is aimed at strengthening security, enhancing identification, and improving crisis management at the grassroots level.
He explained that the move became necessary due to recurring security concerns, including disturbances allegedly caused by some scavengers and cart pushers.
Madaki called on the newly appointed leaders to promote inclusiveness, harmony, and peaceful coexistence in the discharge of their responsibilities.
Those appointed include Alhaji Abubakar as Port Harcourt City District Head; Alhaji Buba Usman (Eleme axis); Malam Adamu (Eagle Island); Alhaji Tanlasuki (Gborokiri Yam Zone); Abdullahi (Rumukwurushi); Adamu Suleiman (Aboloma); and Useni Umaru (D-Line).
He appealed to Governor Fubara to formally recognise the efforts of the Hausa leadership structure in the State and extend further support in the spirit of inclusivity and unity.
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