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11 Aug 2017

4 Important Projects Alison-Madueke’s Alleged Loot Can Fund

The Buhari Media Support Group (BMSG) Thursday in Abuja said the alleged stolen funds traced to former Petroleum Minister, Diezani Alison-Madueke, could have been channels for various development works in the country.

The group, in a statement by its Chairman, Austin Braimoh, and Secretary, Cassidy Madueke, listed the following developmental projects the fund could have be utilised for:

1. Government could build six world-class airports in each geopolitical zone with part of the funds.

2. The recovered loot was also enough to fund agriculture projects that would have generated employment for Nigerian youths.

3. It erroneously added that the N47.2 billion and $487.5 million in cash and property purportedly traced to Alison-Madueke by the Economic and Financial Crimes Commission (EFCC) were also enough to complete the Lagos-Kano and Lagos-Calabar rail lines.

The federal government has estimated that both rail projects, to be partly funded by the China Exim Bank, would cost an astronomical $19.42 billion.

4. fund other infrastructure development in the country.

The group recalled that the federal government was already seeking loans for the rail projects and called on Nigerians to join hands to condemn the massive looting of the nation’s treasury by officials of previous administrations.

It urged Nigerians to have a collective resolve to fight what it described as “psychotic and mindless” type of looting exhibited by indicted government officials in their days in government.

This, it said, could halt the craving to loot the public treasury by government officials.

The group reminded Nigerians that though the fight against corruption was the foremost policy thrust of President Muhammadu Buhari’s administration, “the fight might not attain maximum result unless Nigerians willingly resolve to join in it”.

“This synergy is necessary so as to fight the art of looting and other forms of mismanagement in government,” the group said.

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