Home NEWS Days Of Phony Contracts By PDP Are Fast Fading Away – APC Says

Days Of Phony Contracts By PDP Are Fast Fading Away – APC Says

Days Of Phony Contracts By PDP Are Fast Fading Away – APC Says

…Wants PDP to account for failed $460 million Abuja CCTV Project, $2bn China loan

BY VICTOR BUORO, ABUJA – The All Progressives Congress (APC) on Monday declared that the days of phony contracts as institutionalised by successive Peoples Democratic Party (PDP) administrations are fast fading.

This is as the ruling Party described that the statement issued by the Media Office of former Vice President, Atiku Abubakar on the standard sovereign guarantee and sovereign immunity clause embedded in Nigeria’s loan agreements with China to fund the ongoing national railway projects as unresearched, unintelligent and pedestrian.

These were contained in a statement by the Deputy National Publicity Secretary of the APC, Yekini Nabena in which he said that the Minister for Transportation, Rotimi Amaechi has explained the guarantee/clause in the loan deals is standard irrespective of the country granting the loan.

APC said that perhaps, Atiku and the Peoples Democratic Party (PDP) could redirect their energies to explaining to Nigerians the status of the failed $460 million Abuja Closed-Circuit Television (CCTV) awarded in August 2010 by the immediate-past PDP administration.

The ruling Party further said; “Also, they should explain the over $2billion China loan the PDP administration took between 2010 and 2013 alone; $16billion spent on power with no electricity; fuel subsidy rackets; counter-insurgency funds that were diverted and shared to political cronies among other shocking heists.

“Recall that the failed CCTV installation project was initiated by late President Umaru Yar’Adua and awarded in August 2010 by former President, Goodluck Jonathan’s administration to help security agencies in the Federal Capital Territory check the growing insecurity.

“Since the agreement became signed, Nigeria has been servicing this loan to China while Nigerians are yet to attest to the visibility of CCTV project and unable to explain the status of the video surveillance project. The matter is subject to a legislative probe.

“In all of these, we are starkly reminded that the PDP remains a corrupted and damaged product. Nigerians must continue to reject the party at all levels of government.

“In the area of fiscal discipline, prudence, curbing leakages, are we currently getting it right? An emphatic yes! Every kobo expended on infrastructure counts. “Verifiable evidence abound in the fast expanding national railway projects, airport remodeling among other critical infrastructure projects being undertaken by the President Muhammadu Buhari government,” APC said.


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