You have questions to answer over collapse of Bank PHB, Federal Government tells Atiku

You have questions to answer over collapse of Bank PHB, Federal Government tells Atiku

by Joseph Anthony
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The Minister of Information, Lai Mohammed on Friday said that the former Vice President and Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has questions to answer over the collapse of Bank PHB.


Atiku presently is in the United States of America.

Briefing State House correspondents, Lai Mohammed, said that there are fresh evidences that Atiku benefitted from the slush funds that led to collapse of the bank.

In 2009, he said that a memo was raised for the issuance and payment of N156 million to Atikuโ€™s account.

The onus, he said, is on Atiku to exonerate himself.

He said โ€œI have come to make few remarks about the recent visit of the presidential candidate of the Peoples Democratic Party to the US. You can recall that few weeks ago, I did issue a statement advising the US government not to issue visa to Atiku.


โ€œRemember also that in that same press conference, I also stated that it remains the prerogative of the US government to issue visa to anyone it deems fit.

โ€œLet me say right away t we are not perturbed one bit that Alhaji Atiku Abukakar was able to secure visa to the US. As a matter of fact, he can go ahead and get the US Green card that will not save him from imminent defeat in the forthcoming election.

โ€œI want to remind Abubakar that the elections will be right here in Nigeria and not in the US.

โ€œIn any event, any time Abubakar returns home, he has questions to answer following the fresh evidence that we have that he benefitted from slush funds that led to the collapse of the former Bank PHB.

โ€œThe document we have shows that he benefitted to the tune of N156 million from that slush fund.


โ€œThe paper which we have here started from an internal memo on the Jan. 13, 2009, in which reads please refer for discussion your requested overdraft in favour of Atiku Abubakar for N156 million and deliver same to me. Please note that it must be delivered today(Jan. 13) on the same date, another memo was generated to confirmโ€”please confirm that the amount stated below be issued from Claremont Management Services account.

โ€œAnd we have evidence here of the account mandateโ€”the name of Atiku Abubakar; we also have a copy of the cheque in which the sum of N156 million was issued to Atiku Abubakar dated Jan. 13, 2009 and of course we also have statement of account within that period that confirms that this sum was actually paid into his account.


โ€œThese are fresh evidence as to his involvement in the collapse of Bank PHB, so want to him to stay as long he wants in the US but as soon he comes back; he has to explain to the electorates and to Nigerians what is his role in the collapse in the former Bank PHB.โ€ he said

According to him, the Buhariโ€™s administration is not perturbed by Atikuโ€™s visit to the United States.

He added โ€œHe can go ahead and get the US Green card; any time he comes back, he as questions to answer.โ€

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