PDP Raises Alarm over Alleged Plot by Presidency to Siphon N1.2bn Farmers’ Fund


PDP Raises Alarm over Alleged Plot by Presidency to Siphon N1.2bn Farmers’ Fund

Peoples Democratic Party, PDP, has accused President Muhammadu Buhari and All Progressives Congress, APC, of plotting to fleece Nigerians through the extortion of N1.2 billion from poor beneficiaries of Central Bank of Nigeria, CBN’s Anchor Borrowers’ Programme, to fund the President 2019 re-election bid.

The party has, therefore, challenged the Buhari Presidency to clear the air on the alleged fleecing of Nigerians to the tune of N2.6 trillion through hidden illegal N48 tax per litre of petrol, which motorists in the country have been bearing since the fuel price increased from subsidized cost of N87 to presumably unsubsidized cost of N145.

In a statement, yesterday, by National Publicity Secretary, Kola Ologbondiyan, PDP urged Nigerians to take their President to task on why they should re-elect him in 2019.

The party said: “Information at our disposal also reveals that the Anchor Borrower’s scandal is yet another scheme by the Presidency to siphon public funds and surreptitiously route same to Mr. President’s campaign.”

“To achieve this ignoble scheme, the Presidency and the APC shamefully constituted a phony Anchor Borrowers Farmers’ Association, which they claimed has 12 million members, and through which they plan to siphon and launder money from public coffers to fund President Buhari’s campaign.”

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