{"id":13411,"date":"2018-11-14T09:05:23","date_gmt":"2018-11-14T09:05:23","guid":{"rendered":"https:\/\/everyday.ng\/?p=13411"},"modified":"2018-11-14T09:05:23","modified_gmt":"2018-11-14T09:05:23","slug":"vice-president-osinbajo-wants-to-use-dr-jonathan-to-distract-attention-from-his-indictment-for-corruption","status":"publish","type":"post","link":"https:\/\/everyday.ng\/?p=13411","title":{"rendered":"Vice President Osinbajo Wants to Use Dr. Jonathan to Distract Attention From His Indictment for Corruption"},"content":{"rendered":"

Former President Goodluck Jonathan has accused Vice President Yemi Osinbajo of recycling discredited information that he saddled Nigeria with debt and ruined the economy by the alleged corruption of his administration.
\nIn a statement signed on his behalf by former aide, Reno Omokri, Jonathan asked: “How can Vice President Osinbajo, a man who had just been indicted by the House of Representatives in one of the biggest corruption scams ever in Nigeria\u2019s history, have the gall to point accusing fingers on
\nDr. Jonathan, a man that is celebrated internationally for his efforts at achieving Nigeria\u2019s best rating in Transparency International\u2019s annual Corruption Perception Rating when Nigeria improved 8 paces from 144 to 136 in 2014?”
\nHe said further: “Having read through the sordid details of Professor Osinbajo\u2019s corruption as revealed in the indictment by Nigeria\u2019s House of Representatives, it is easy to understand why Nigeria made her worst ever retrogression in Transparency International\u2019s annual Corruption
\nPerception under him this year, moving 11 paces backwards from 136 to 148.
\n“On the issue of debt, the fact remains that in the entire 16 years that the Peoples Democratic Party governed Nigeria, the total amount of money borrowed was \u20a68.06 trillion Naira. These are facts sourced directly from the budget office controlled by the Buhari administration.
\n“However, in only 3 years, the All Progressives Congress led administration of President Muhammadu Buhari has borrowed a total of \u20a610 trillion Naira. With this fact in hand, where does Vice President Osinbajo have the moral authority to point leprous fingers at former
\nPresident Jonathan?
\n“The claim by Vice President Osinbajo that former President Jonathan left $$63 billion in debt is also a false claim. The Jonathan administration inherited $42.23 billion in debt in 2011 which were debts borrowed by the states and the Federal Government. Throughout the five years that he was President, former President Jonathan incurred the wrath of several state governments because his administration refused to guarantee their foreign loans.
\n“The reason that Nigeria\u2019s debt has ballooned under this administration
\nis because the Federal Government lacks the discipline that Jonathan had and are thus unable to curb borrowing by both the Federal Government and the states.
\n“For example, on Tuesday November 13, 2018, the Debt Management Office
\nrevealed that in just 2017 alone, the Buhari administration borrowed \u20a62.4 trillion to fund their budget deficit. This is besides other loans that they took in 2017 alone. That money is more than the funds
\nborrowed by the Jonathan administration in 5 years!
\n“To show to Nigerians the profligacy and ineptitude of the current administration, I draw their attention to the fact that between July and August 2018, the Buhari administration claimed it had shared $322
\nmillion Abacha funds recovered by the Jonathan administration to the poor. Then a week after it made that announcement, the Buhari government borrowed $328 million from China.
\n“The question is this, why would you share out $322 million one week only to borrow the same amount next week? Why not use the Abacha funds to fund government activities instead of adding to the already
\nstrained debt burden?
\n“These are questions that Vice President Osinbajo should answer rather than making false allegations against former President Jonathan.”
\n

\"\"
Osinbajo and Jonathan<\/figcaption><\/figure>
\nAt a lecture on Monday in Lagos, Osinbajo said, \u201cWhat do these figures show? They show that when oil prices were at the highest between 2010 and 2014 the government was borrowing heavily.
\n\u201cFrom 2010 to 2014, debts moved from $35bn to $63bn. When we assumed office in 2015, the debt that the previous government left was $63bn.
\n\u201cToday, three and half years later, the debt is $73bn.
\n\u201cThere are two reasons why despite high earnings we are poorer \u2013 the first is grand corruption and mismanagement of resources. And there is a difference between grand corruption and ordinary corruption.
\n\u201cGrand corruption is directly stealing from the CBN, directly taking money from the treasury without any contract, no pretences; there\u2019s no caution, you just take money. That was going on and I will give you several examples.
\n\u201cWhen I got to the office as Vice-President, I couldn\u2019t believe it. In one day, $292m was signed out and it disappeared. After that period, for two weeks, the Central Bank of Nigeria did not have cash dollar \u2013 $292m without any real explanation! We later discovered what became of the money.
\n\u201cOn another occasion, N60bn was moved out ostensibly for security purposes; but we know what happened.
\n\u201cWhen you have a corrupt government, large sums of money which can be used for development is simply taken. If you are the President of Nigeria, you can literally say, \u2018Go and bring money\u2019.
\n\u201cLook at a sum of N60bn; when someone can take N60bn; and $292m, that\u2019s almost N70bn. Today, our TraderMoni scheme is costing us N20bn, where we\u2019re giving to petty traders a loan of N10,000 and when they pay back, we give them N15,000 and when they pay back, we give them, N20,000. But somebody will take $292m, almost N70bn. If you have N70bn, you will solve the problem of seven million of those petty traders. That\u2019s the kind of thing we are talking about and the kind of contrast that we\u2019re trying to draw.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Former President Goodluck Jonathan has accused Vice President Yemi Osinbajo of recycling discredited information that he saddled Nigeria with debt and ruined the economy by the alleged corruption of his administration. In a statement signed on his behalf by former aide, Reno Omokri, Jonathan asked: “How can Vice President Osinbajo, a man who had just […]<\/p>\n","protected":false},"author":7,"featured_media":13412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-13411","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/13411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13411"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/13411\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}