TraderMoni: Buhari Is Relooting Abacha Loots — Fayose

A former governor of Ekiti State, Mr. Ayodele Fayose has described the
Federal Government TraderMoni scheme as not only an avenue for advanced
votes buying but direct “re-looting of the Abacha loots.”*

Fayose questioned the rationale in Vice President, Prof. Yemi Osinbajo
leaving Abuja and spending about N25 million on maintenance of presidential
jet as well as allowances for himself, aides, protocols, security and
others just to share say N10 million.

He said if the Federal Government was sincere about TraderMoni, the fund
should have been paid into bank accounts of beneficiaries so that the
disbursement can be traced and properly audited, adding that “When I was
governor, more than 20,000 people got N5,000 monthly stipend and the money
was paid into their bank accounts.”

According to a statement issued on Monday by his Media Aide, Lere Olayinka,
the former governor, who is also the Southwest Coordinator of the Peoples
Democratic Party (PDP) Presidential Campaign Council said Nigerians had
already seen through the deceit of the All Progressives Congress (APC) led
federal government and will respond appropriately with their votes in 2019.

The ex-governor said it was even funny that the same President Muhammadu
Buhari who insisted that the late Gen. Sani Abacha never stole was the one
taking pride in his government use of a phony TraderMoni scheme to reloot
the $322 million recovered from the loot Abacha stashed in Switzerland.

Fayose said: “If not that TraderMoni was to reloot the recovered Abacha
loot, the proper way was for beneficiaries to be captured biometrically and
the N10,000 paid into their bank accounts instead of the Vice President
going to the market to share cash.

“Most importantly, there is nowhere that the Vice President will travel to
outside Abuja that he won’t spend up to N25 million on his allowances,
maintenance of presidential jet and the allowances of his retinue of aides,
including security men.

“Therefore, of what economic sense is going to say Kano to share the
N10,000 cash to 1,000 people? Isn’t spending N25 million to share N10
million same as being penny wise pound foolish?”

Fayose also urged Nigerians to ask the government what became of the funds
taken from Excess Crude Account to fund the Boko Haram war.


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