• About
  • Contact
  • Advertise
  • Privacy Policy
  • Home
Chrysora Media
  • News
  • Entertainment
  • Sports
  • Politics
  • Education
  • Business
  • Tech
  • Health
  • Gossips
  • World
  • Lifestyle
  • Biafra
  • Religion
No Result
View All Result
  • News
  • Entertainment
  • Sports
  • Politics
  • Education
  • Business
  • Tech
  • Health
  • Gossips
  • World
  • Lifestyle
  • Biafra
  • Religion
No Result
View All Result
Chrysora Media
No Result
View All Result
Home Politics

Presidency Lending To Satisfy Cabal Not To Upgrade NTA- PDP Blast Lai Mohammed

admin by admin
February 11, 2020
in Politics
0
Spread the love

The Peoples Democratic Party (PDP) has told the Minister of Information and Culture, Alhaji Lai Mohammed, to bury every thought of further ‘mortgaging the nation’s future’ by securing $500 million dollars (N182 billion) loan, purportedly for the upgrading of the Nigerian Television Authority (NTA).

In a statement on Monday by its spokesman, Kola Ologbondiyan, the PDP also urged the National Assembly to save the nation by refusing the request by President Muhammadu Buhari “to plunge our nation into more debt through his request for additional $29.9 billion dollars loan, in which the said $500 million and other unexplained subheads are embedded”.

The party claimed that the loan was a clear attempt by the cabal in the Buhari Presidency to worsen the economic situation in our country via the use of phony projects as a guise to draw foreign funds to service ‘their selfish’ economic and political interests.

ALSO READ:  Wike, Amaechi Trade Words Over Corruption

According to the party notes under the Buhari Presidency, our foreign debt has accumulated to $83 billion dollars with nothing to show other than the excruciating unemployment rate, decayed infrastructure, a worsening governance system, escalated insecurity and unprecedented poverty.

The PDP stressed that the request for the approval of $500 million is aimed at setting the stage for further fleecing of our nation’s economy as the Federal Government under the Buhari administration has shown no commitment towards nation-building, transparency and accountability in governance.

As far as the party is concerned, the Federal Government has failed to present details of the requested $29.9 billion dollars loan in which the $500 million being requested by the Minister of Information and Culture is embedded; a development that points to nothing but the corruption in the Buhari administration.

ALSO READ:  Anambra 2021: Dr Maduka Clears Air On Building 21 Universities

While counselling the Minister to perish the thoughts of $500 million, the PDP charged him to use his appearance at the National Assembly to give an account of the funds so far released to the Ministry of Information and Culture which has been plagued by cases and allegations of corruption under his watch.

The party also charged Lai Mohammed to immediately provide answers to circumstances surrounding the reported National Broadcasting Commission (NBC) N2.5 billion fraud.

The PDP urged the National Assembly to shelve all requests for foreign loans until the Buhari Presidency heed to the demand by Nigerians to open its books and publish details of all financial transactions on foreign loans as well as spending from the federation account so as to secure our economy from the bazaar of the corrupt cabal in the Buhari Presidency.

ALSO READ:  Bill To Establish Federal College Of Entrepreneurship And Skills Acquisition, Ijebu-Ife, Ogun State Enters First Reading

Related

Previous Post

Court Grants Ex-AGF, Adoke N50m Bail

Next Post

CBN set to start recycling paper banknote wastes

admin

admin

Next Post

CBN set to start recycling paper banknote wastes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
See What Chrisland School Has To Say About Sex Scandal

See Full Video Chrisland School $£x Video

April 19, 2022
Unknown Gunmen Kill Several Ebubeagu Operatives In Ihiala

Unknown Gunmen Kill Several Ebubeagu Operatives In Ihiala (Video,Pics)

June 17, 2022
Rabiu Kwankwaso is a stray bullet that Peter Obi dodged

Kwankwaso misrepresents and disrespects the North – Arewa

July 7, 2022
Just In: Buhari Orders Immediate Release Of Nnamdi Kanu

Just In: Buhari Orders Immediate Release Of Nnamdi Kanu

April 1, 2022

God using insurgency to punish you for sins against the Igbos- Ohanaeze tells Northerners

5
See What Chrisland School Has To Say About Sex Scandal

See Full Video Chrisland School $£x Video

4

Real Madrid Crash Out Of Copa Del Rey

4
NDDC Board: Akpabio did not bribe Tompolo – Niger Delta Militants react

NDDC Board: Akpabio did not bribe Tompolo – Niger Delta Militants react

3
We didn't ask you to borrow money to pay us - ASUU replies FG

We didn’t ask you to borrow money to pay us – ASUU replies FG

August 13, 2022
Police foil kidnap attempt on village head in Kano

Police foil kidnap attempt on village head in Kano

August 13, 2022
2023: 616 PDP members dump party for APC in Gombe

2023: 616 PDP members dump party for APC in Gombe

August 13, 2022
Labour Party clears air on appointing Okadigbo as spokesperson

Labour Party clears air on appointing Okadigbo as spokesperson

August 13, 2022

Recent News

We didn't ask you to borrow money to pay us - ASUU replies FG

We didn’t ask you to borrow money to pay us – ASUU replies FG

August 13, 2022
Police foil kidnap attempt on village head in Kano

Police foil kidnap attempt on village head in Kano

August 13, 2022
2023: 616 PDP members dump party for APC in Gombe

2023: 616 PDP members dump party for APC in Gombe

August 13, 2022
Labour Party clears air on appointing Okadigbo as spokesperson

Labour Party clears air on appointing Okadigbo as spokesperson

August 13, 2022
Chrysora Media

Chrysora.com.ng is a solely independent news organization owned by Obiagwu Chrys Munachim

We are non-partisan.

We are proud of what we report here because we don’t attach any political, religious, or any form of criticisms to our reports

We aim at bringing to your door step undiluted and uncompromising news, accurate and verifiable.

Chrysora.com.ng reaches an influential audience of approximately two million readers each month in many countries and territories.

We attend to varieties of individuals regardless of the class.

Follow Us

Browse by Category

  • Biafra
  • Business
  • Education
  • Entertainment
  • Gossips
  • Health
  • Lifestyle
  • News
  • Politics
  • Religion
  • Sports
  • Tech
  • World

Recent News

We didn't ask you to borrow money to pay us - ASUU replies FG

We didn’t ask you to borrow money to pay us – ASUU replies FG

August 13, 2022
Police foil kidnap attempt on village head in Kano

Police foil kidnap attempt on village head in Kano

August 13, 2022
  • About
  • Contact
  • Advertise
  • Privacy Policy
  • Home

© 2022 Chrysora.com.ng - Designed by Freedom Isaac.

No Result
View All Result
  • News
  • Entertainment
  • Sports
  • Politics
  • Education
  • Business
  • Tech
  • Health
  • Gossips
  • World
  • Lifestyle
  • Biafra
  • Religion

© 2022 Chrysora.com.ng - Designed by Freedom Isaac.