Jonathan’s Administration Must Account For N13.972trn – APC


The All Progressives Congress (APC) has slammed an alleged campaign to stop the recovery of an estimated N13.972 trillion allegedly squandered by the immediate past administration of Goodluck Jonathan.

The money referred to was the total sum of funds allegedly unaccounted for, withheld or stolen mostly from the oil sector.

In a statement issued in Lagos, yesterday, by its National Publicity Secretary, Alhaji Lai Mohammed, the APC said anyone who attempts, either by deeds or words, to sabotage the recovery efforts is not a patriot and deserves nothing but public opprobrium.

The APC listed the funds allegedly stolen or unaccounted for during the Jonathan administration as follows:

– 3.8 trillion Naira out of the 8.1 trillion Naira earned from crude oil (2012-2015) withheld by NNPC
– 2.1 billion US dollars (N413.7 billion) from Excess Crude Account unaccounted for
– Department of Petroleum Resources’ unremitted 109.7 billion Naira royalty from oil firms
– 6 billion US dollars (N1.182 trillion) allegedly looted by some ministers of the last administration
– 160 billion barrels of crude worth 13.9 billion US dollars (N2.7383) lost between 2009 and 2012
– 15 million US dollars (N2.955 trillion) from botched arms deal yet to be returned to Nigeria
– 13 billion US dollars (N2.561 trillion) in NLNG dividends mostly unaccounted for
– 30 billion Naira rice waiver
– 183 billion naira unaccounted for at the NDDC

The ruling party, however, said that the above listed ‘missing’ funds constituted just a tip of the iceberg since they are mostly from a few sectors of the economy, mostly the oil sector, and were discovered even before the forensic audit now being undertaken in some key areas.