PDP Should Account For Failed $460m Abuja CCTV Project, $2bn China Loan – APC

All Progressives Congress has challenged People Democratic Party to 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.

In a statement signed by the Deputy National Publicity Secretary Yekini Nabena urged Atiku and the Peoples Democratic Party (PDP) to 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.

Reacting to the statement issued by the Media Office of former Vice President, Alh. 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 can be best described as unresearched, unintelligent and pedestrian.

APC maintained that the Minister for Transportation, Rotimi Amaechi has explained the guarantee/clause in the loan deals is standard irrespective of the the country granting the loan.

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.

The party stated that 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.

According to him, “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 remodelling among other critical infrastructure projects being undertaken by the President Muhammadu Buhari government”.

The party insisted that Tthe days of phoney contracts as institutionalised by successive PDP administrations are fast fading.

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