Obasanjo reacts to Buhari’s threat to probe his administration

Former President Olusegun Obasanjo has reacted to a statement by President Buhari who said he will probe the $16 billion spent on power during the 16-year PDP rule.

Obasanjo reacts to Buhari's threat to probe his administration


According to President Buhari who spoke at the APC presidential rally in Bayelsa state on Tuesday February 12th, there will be probe on all the past governments involed in the $16 billion power project.

Reacting to the statement, Obasanjo through his media aide, Kehinde Akinyemi, said the request for a probe on the power project is borne out of ignorance.

”It has come to the attention of Chief Olusegun Obasanjo that a statement credited to President Muhammadu Buhari, apparently without correct information and based on ignorance, suggested that $16 billion was wasted on power projects by “a former President.

“We believe that the President was re-echoing the unsubstantiated allegation against Chief Obasanjo by his own predecessor but one.

“While it is doubtful that a President with proper understanding of the issue would utter such, it should be pointed out that records from the National Assembly had exculpated President Obasanjo of any wrong-doing concerning the power sector and has proved the allegations as false.

“For the records, Chief Obasanjo has addressed the issues of the power sector and the allegations against him on many occasions and platforms, including in his widely publicised book, “My Watch” in which he exhaustively stated the facts and reproduced various reports by both the Economic and Financial Crimes Commission (EFCC), which conducted a clinical investigation into the allegations against Chief Obasanjo, and the Ad-Hoc Committee on the Review of the Recommendations in the Report of the Committee on Power on the Investigation into how the Huge Sums Of Money was Spent on Power Generation, Transmission And Distribution between June 1999 and May 2007 without Commensurate Result.

“”We recommend that the President and his co-travellers should read Chapters 41, 42, 43 and 47 of My Watch for Chief Obasanjo’s insights and perspectives on the power sector and indeed what transpired when the allegation of $16 billion on power projects was previously made.

“If he cannot read the three-volume book, he should detail his aides to do so and summarise the chapters in a language that he will easily understand.

“”In the same statement credited to the President, it was alleged that there was some bragging by Chief Obasanjo over $16 billion spent on power. To inform the uninformed, the so-called $16 billion power expenditure was an allegation against Chief Obasanjo’s administration and not his claim.

“The President also queried where the power generated is. The answer is simple: The power is in the seven National Integrated Power Projects and eighteen gas turbines that Chief Obasanjo’s successor who originally made the allegation of $16 billion did not clear from the ports for over a year and the civil works done on the sites.

“”Chief Obasanjo challenges, and in fact encourages, anybody to set up another enquiry if in doubt and unsatisfied with the EFCC report and that of the Hon. Aminu Tambuwal-led ad-hoc committee.”

Lailaijeoma

39 Comments

  1. ANGER AND CONDESCENSION ALL INFUSED IN THIS WRITE UP,PRESIDENT OR NO PRESIDENT.

    A THOROUGH FARE OF DISRESPECT.

    IN NIGERIA THAT IS THE WAY WE ROLL.

    VERY SHAMEFUL.

  2. This is unprecedented and unwise of the current presidency at a moment like this. This given government is jobless and aimless.

  3. Hmmn! Mr. President you’ve got to calm down and make your findings well. we need to start acting and talking as real intellectuals

  4. I think this is not even the right time to start talking about $16 billion spend on power, president buhari is just confused and he is also afraid of Saturday election.

  5. This man is tired and need to retire, how can president mohamadu buhari be talking about past issue of $16 billion now when they are lots of issues in the country to handle

  6. I support that idea that our president muhamadu buhari lamented, but if the chief olusegun obasanjo our former president can explain its spent it on project well, I think that our president should not press much pressure on him. Because most of our former president they no have the fear of God. They’re just embezzle.

  7. Our government no matter what you do pls don’t cause war in this country,and buhari when will you have time to read and summer taik more of probe$16.buhari u have failed.

  8. Obasanjo want to cover him self up but that’s just politics of a thing we’re leaving praying for the best

  9. The truth can be kept for some time but not totally done away with. in due time, Nigerians will get to know the truth about this $16Billion.

  10. Probing Everytime what happened to the other one people that has the probed and huge amount of money gotten,what happened to the gotten money?

  11. We are tired of this cat and rat game both of you are playing, keep the threat until you win the election .

  12. well, let them keep making promises and also exposing their fellow candidate..politics and its duvious games.. let just watch

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