The All Progressive Congress (APC) has demanded explanations from the People Democratic Party (PDP) on the Failed $460 million Abuja CCTV Project and $2bn China Loan.
This was disclosed in signed statement by the Deputy National Publicity Secretary of the All Progressives Congress (APC), Yekini Nabena.
Yekini Nabena in the statement noted that the declaration made by the former Vice President, Atiku Abubakar on the sovereign guarantee and immunity clause which was added to the loan agreement with China on rail projects is unresearched and unintelligent.
He added that instead of witch hunting and fault findings the PDP should focus more on explaining to Nigerians on how they failed to execute $460 million Abuja Closed-Circuit Television (CCTV) project during their administration, as budget was disbursed.
He however said that the days of fraudulent contracts which was established by PDP was over, adding that every penny spent on infrastructure counts.
The statement reads:
“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”.
“As 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”.
“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”.
“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 remodelling among other critical infrastructure projects being undertaken by the President Muhammadu Buhari government”.
“The days of phoney contracts as institutionalised by successive PDP administrations are fast fading.”
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