text: PDP Accuses Buhari, APC of Siphoning N1.2bn Farmers' Fund for re-election bid - Global Sentinel
  Home > News > PDP Accuses Buhari, APC of Siphoning N1.2bn Farmers' Fund for re-election bid
  PDP Accuses Buhari, APC of Siphoning N1.2bn Farmers' Fund for re-election bid
  •Challenges Buhari on alleged N2.6trn hidden petrol tax
  The Peoples Democratic Party (PDP) has accused President Muhammadu Buhari and the All Progressives Congress (APC) of plotting to fleece Nigerians through the extortion of N1.2 billion from poor beneficiaries of the Central Bank of Nigeria (CBN)'s Anchor Borrowers' Programme, to fund Mr. President's ill-fated 2019 re-election bid.
  This is just as the party has challenged the Buhari to speak out on the alleged fleecing of Nigerians to the tune of N2.6 trillion through hidden illegal N48 tax per liter of petrol while describing the act as corruption.
  The PDP in a statement by its Director on Media & Publicity, Kola Ologbondiyan on Thursday condemned particularly the attempt by the Buhari Presidency to draw financial kickback from poor beneficiaries of the Anchor Borrower's Programme, which according too the party is "in violation of our financial regulations. "
  The PDP stated "Information at our disposal also reveals that the Anchor Borrower's scanadal is yet another scheme by the Buhari Presidency to siphon public funds and surreptitiously route same to Mr. President's campaign.
  "Further investigation reveals how the Buhari Presidency has been secretly diverting huge part of various social intervention funds to the Buhari campaign while handing paltry sums to Nigerians. This is in addition how agents of the Presidency carrying out APC's vote buying project, particularly the Trader-moni scheme, have been illegally collecting 10 percent kickback from beneficiaries.
  "Now that Nigerians have refused to contribute to Mr. President's re-election bid, due to his failure in office, the Buhari Presidency and the APC are seeking ways to legitimize their stealing of public funds to finance their campaign and service the wasteful lifestyles of their leaders.
  "The PDP challenges President Buhari to speak out and not continue to feign ignorance of these allegations bothering directly on corruption in his Presidency. He should know that keeping quiet will not help him. Nigerians have seen through the lies, deception and contrivances of his administration and are not ready to allow such to continue in 2019."