APC Gives PDP Terms To Speak On China Loan

By Ayodele Oluwafemi

The ruling party,  All Progressive Congress (APC) has asked the Peoples Democratic Party (PDP) to account for the $460 million Abuja CCTV project, $2 billion China loan and $16 billion spent on electricity, before making comments on the China-Nigeria loan agreement for the railway project.

APC faulted the statement earlier issued by the media office of former Vice President, Atiku Abubakar, criticizing the Federal Government for mortaging the future of the country by collecting cheap loans.

The ruling party, in a statement, described the response of the former president on the loan from China as “unresearched, unintelligent and pedestrian.”

APC noted that PDP is a “corrupted and damaged product”, stressing that the party should account for the various mismanagement of public funds that took place, during the party 16 years in power.

“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,” Part of the statement reads.

APC claimed that the era of phoney contracts has ended with the PDP administration.

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