$500m Loan: PDP Blasts Lai Mohammed, Says Presidency Lending To Satisfy Cabal.
The Peoples Democratic Party 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 loan, purportedly for the upgrading of the Nigerian Television Authority .
“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.
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. 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.
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