• About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, August 12, 2022
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    FIRS Powers To Recover Taxes Unremitted From States, LGAs Are In Order — Group

    Osun 2022: Bankole Urges INEC To Guarantee Inclusion Of PWDs On Election Day

    Osun 2022: Bankole Urges INEC To Guarantee Inclusion Of PWDs On Election Day

    Why Peter Obi Is The Most Fact-Checked Politician

    Why Peter Obi Is The Most Fact-Checked Politician

    Ekiti Election

    EKITI ELECTION: Another Buhari Legacy On Credible Polls – BMO

    FIRS To Commence Recovery of Unremitted Tax Deductions By States, Local Governments

    Trending Tags

    • Politics
    • Business
    • Sports
    • Entertainment
      • All
      • Gaming

      Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

    • Tech
      • All
      • Startup

      DG NITDA Urges Computer Sciences Students to Drive ICT Innovation

      How To Apply For Bridge To MassChallenge Nigeria 2021

      How To Apply For Bridge To MassChallenge Nigeria 2021

      DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

      DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

      Digital Economy: NITDA Assures e-Business Industry Heads Of Public Private Partnership

      Digital Economy: NITDA Assures e-Business Industry Heads Of Public Private Partnership

      Digital Nigeria 2021

      Call For Abstracts: Digital Nigeria 2021

      5G Network Crucial To 4th Industrial Revolution – DG NITDA

      Literacy Day: FG To Train 6000 Nigerians On Digital Skills In 11 States

      Trending Tags

    • Lifestyle
      • All
      • Culture
      • Food
      • Health
      At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

      At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

      Femi Odekunle; The Pains That Won’t Go! By Haruspice

      Femi Odekunle; The Pains That Won’t Go! By Haruspice

      The Unifying Factor of Culture

      Examining Arts as a Unifying Elements

      The Unifying Factor of Culture

      The Unifying Factor of Culture

      Senate President Greets Asiwaju Bola Tinubu @69

      Senate President Greets Asiwaju Bola Tinubu @69

      Abuja Global Shapers Hub Pay A Velentine Day Visit To Kubwa General Hospital

      GIVE A GIFT – The Abuja Global Shapers Valentine’s Edition

      Trending Tags

    • Opinion
    No Result
    View All Result
    Daily Concord News
    No Result
    View All Result
    Home News

    Atiku’s Article on $29 Loan, A Litany of Lies and Deceit- BMO

    December 19, 2019
    in News, Nigeria, Politics
    3 min read
    0
    102
    SHARES
    134
    VIEWS
    Share on WhatsAppShare Share

    The Buhari Media Organization (BMO) has described criticism of the President Buhari’s administration’s plan to borrow $29 Billion Naira to fund critical infrastructure projects in the country, by Atiku Abubakar, as a litany of lies, fallacies and propaganda aimed at hoodwinking the Nigerian people.

    The group in a statement signed by Niyi Akinsiju and Cassidy Madueke, it’s Chairman and Secretary respectively, described the article as a manifestation of Atiku’s desperation to remain relevant by creating issues where there are none, through subterfuge and shameless lies.

    “Atiku Abubakar made clearer his apparent inability to appreciate the truth when he wrote that article. He forgot so easily that he served as Vice President in the Obasanjo Presidency, during which Nigeria earned over 27 Trillion Naira in 8 years, from crude oil alone, but for which the country had nothing to show for it. In fact, his government and the subsequent PDP administrations left no legacy project for the Nigerian people that they can today point to.

    “The only legacy that the Atiku and PDP administrations can point to are corruption cases being prosecuted against them, bad roads, insufficient and ill-equipped hospitals and schools, and neglected institutions – all these are what the President Buhari administration is seeking to turn around with the money it seeks to borrow.

    “If Atiku and his PDP gang had even done ten per cent of what the Buhari administration is doing today with its meagre earnings, Nigeria would have been far more developed than it is today. Unfortunately, they chose to squander Nigeria’s resources, and choke the future for coming generations.”

    The group stated that it was on record that the President Buhari administration had earned the least in oil revenue-about 7 to 8 Trillion Naira-compared to the Jonathan administration that earned a whooping 51 Trillion Naira and still left the country pathetically under-developed.

    The group also highlighted that “the Obasanjo administration of which Atiku Abubakar was Vice President received the total sum of 813 Million Dollars and 1.2 Trillion Naira as recoveries from the Abacha loot. That administration cannot account for how these money were spent. Today a vestige of the stink, plunder and immorality of that administration, in the person of Atiku Abubakar, comes out to criticise the Buhari administration’s well-meaning policy to plough back 300 Million Dollars of recovered Abacha loot for the improvements in the lives of Nigeria’s poorest people.

    “It is instructive to note, in fact, that the World Bank and the Swiss government had to make the distribution of these funds through the Social Investment Programmes an agreed precondition before releasing the funds. This is because of fears that the funds would end up unaccounted for as was the case when Atiku was Vice President of the country.

    “Atiku obviously lacks a sense of guilt or shame. Being a member of the rapacious gang that ripped off Nigeria’s resources, sold off its assets with nothing to show for it, impoverished the country and gave us bad leadership, it is very shameful that rather than write a letter of apology to Nigerians for the misdeeds of he and his gang members, he authors an article that is hypocritical, untruthful and spiteful.”

    BMO emphasised that Atiku’s article was hypocritical as it was attacking borrowing which he had suggested as a source of funding projects in his so-called “Get Nigeria Working Again” manifesto when he campaigned to be President.

    “Hypocrisy runs through every line in Atiku’s ill-thought and mischievous article: in his manifesto prior to the 2019 elections, he sought to use the same means of borrowing to finance the Budget Deficit, and to fund infrastructure in rail and roads. Today, he turns around to criticise the Buhari government for doing this same thing, albeit differently from his, because the Nigerian people are assured that these money would not end up being dashed to friends or used to purchase houses in Dubai and other places.”

    The group noted that people like Atiku are part of Nigeria’s ugly past that the country was departing from, stating that “whenever voices from this ugly past are heard they bear only hypocrisy, distraction, embarrassment, deceit, fallacy, desperation and in many cases, foolishness, in fact.”

    Tags: AtikuBMOloan
    SendShare41Tweet26Share7Send
    Previous Post

    Artificial Intelligence Cannot End Privacy: What Technologists Need To Understand

    Next Post

    Maiwada Dammallam to T. Y Danjuma: Please Talks Sir

    Next Post

    Maiwada Dammallam to T. Y Danjuma: Please Talks Sir

    Stay Connected test

    • 517 Fans
    • 13 Followers
    • Trending
    • Comments
    • Latest

    How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

    September 6, 2019

    Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

    September 25, 2019

    I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

    September 25, 2019

    N90bn scandal: Stop Threatening Media Houses, Sue me, Frank tells Osinbajo

    September 25, 2019
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    0
    Nigeria

    Lest We Forget: Security Issues in Nigeria from 1999 to Date!

    0
    Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

    Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

    0
    Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

    Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

    0
    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    July 7, 2022
    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    July 3, 2022

    Recent News

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022
    16

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    17
    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    Nami Charges Professional Tax Bodies On Contribution To Tax Development In Nigeria

    July 7, 2022
    16
    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    Benfica Vice Presidents Applaud Sports Minister Sunday Dare’s Ideas

    July 3, 2022
    16
    Daily Concord News

    Bringing the most intriguing News from around the world you everyone in a positive way

    Follow Us

    Browse by Category

    • Africa
    • Basketball
    • Business
    • Culture
    • Economy
    • Education
    • Food
    • Football
    • Foreign Affairs
    • Gaming
    • Health
    • Health
    • Interviews
    • Lifestyle
    • local
    • News
    • Nigeria
    • Opinion
    • Politics
    • Science
    • Security
    • Sports
    • Startup
    • Tech
    • Uncategorized
    • World

    Recent News

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    Air Marshal Sadique Has No Links With Thugs, Allegations Are Delusional — YAFODE

    August 9, 2022

    Post-VAIDS: JTB, FIRS Commences Full Scale Enforcement On Defaulters

    July 12, 2022
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    © 2019

    No Result
    View All Result
    • Home
    • News
    • Politics
    • Business
    • Sports
    • Entertainment
    • Tech
    • Lifestyle
    • Opinion

    © 2019

    Go to mobile version