I will probe $16bn Obasanjo spent on power project, says Buhari

I will probe $16bn Obasanjo spent on power project, says Buhari

by Joseph Anthony
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President Muhammadu Buhari has vowed to probe the $16bn spent on failed power project by the administration of former President Olusegun Obasanjo.


He said his government would recover the money and expose those behind the scam.

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 nationโ€™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, โ€œThe 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.โ€


The Federal Government was reported to have spent N16bn on power projects between 1999 and 2007 when Obasanjo was in government.

Obasanjo will make himself available for probe, says aide

When contacted by one of our correspondents, the media aide to Obasanjo, Kehinde Akinyemi, said his principal was expecting the probe, adding that he would make himself available anytime.

He said the former President had since last year said that he was ready for probe.

Obasanjo media aide said a statement had been issued last year where the former President announced his readiness for the probe.


Akinyemi said, โ€œIt is no more news. We are already expecting that. Since last year, Baba (Obasanjo) had said he would make himself available for the probe.โ€

Buhari likes illusion, says Osuntokun

In his reaction, a former aide to the former President and a member of the Obasanjo Group, Mr Akin Osuntokun, said the former President had answered the questions being raised by President Buhari.

Obasanjo, he said, had even written a book about it and also volunteered information about the issue to the National Assembly and the Economic and Financial Crimes Commission.

He said the President โ€œlikes illusion,โ€ adding that the former President had said that there was nothing like $16bn as being claimed by Buhari.


Osuntokun said, โ€œWe have a danger in our hands. President Obasanjo has written about this issue. He had volunteered information to the National Assembly and all that. Buhari is busy wining and dining with those being investigated by the EFCC, claiming that their sins had been forgiven.โ€

Also, the PDP said Nigerians should not take the President seriously, adding that there were signs that he might not know what he was saying.

The National Chairman of the party, Prince Uche Secondus, said, โ€œAre you sure the President is aware of what he said? If he could claim in Ekiti that he came to office in 2005, and then went to Ondo to say he was raising the hands of Edo Central Senatorial candidate instead of Ondo and all that, you think he should be taken seriously?โ€

Earlier while addressing the APC supporters in Yenagoa, Buhari highlighted his achievements and urged them to vote for him on February 16.


He said, โ€œWe take the problems of security, economy and infrastructure seriously and we are also promising that we will make people who occupy executive positions both at state and federal levels to be accountable to the people.

โ€œYou know we are building roads, the railway was virtually killed but we are rebuilding it, and there was no power we will bring power back.โ€

The former governor of Bayelsa State and leader of the party in the state, Timipre Sylva, and the Minister of State for Agriculture and Rural Development, Heineken Lokpobiri, urged Bayelsans to vote massively for President Buhari and the APC come Saturday.

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