Buhari Talks Tough: I Will Probe Obasanjo For $16bn On Power

President Muhammadu Buhari has vowed to probe the $16bn spent on power projects by the administration of former President Olusegun Obasanjo, despite several official documents indicating that their equipments were bought as expected.

He said his government would recover the money.

President Buhari, who spoke on Tuesday in Yenagoa, the Bayelsa State capital, during the All Progressives Congress presidential campaign rally, said he was unrelenting in his pursuit of those who looted the nation’s resources.

The President, who landed at the government helipad, was received by the Bayelsa State Governor, Seriake Dickson, before he proceeded to pay a courtesy call on the traditional rulers in the state.

Addressing the crowd, Buhari said his administration despite the daunting challenges had been able to curtail the security issues in the North-East while the economy was on the way to becoming self-reliant.

Although he did not mention Obasanjo, Buhari said, “The previous government mentioned on their own that they spent $16bn on power but you are better witnesses than myself. Where is the power? Where is the money? We will follow them, eventually God willing, we will catch them and get our money back.”

The Federal Government was reported to have spent between N10bn and N12bn on power projects between 1999 and 2007 when Obasanjo was in government, and the equipments were used for most of the power plants generating power in the country today.

To Invest & Earn High Profits

Take A Loan & Pay Low Interest