“Allegations Trail Presidency’s Plan to Withdraw $3.5bn from CBN to Fund Buhari’s Campaign” …..Timi Frank Cries Out.
“I must say
that this illegality and looting arrangement by the presidency is a direct peep
into what their #Next Level Nigeria Campaign would bring the way of Nigerians
should they again be voted into office in 2019”,…….Timi Frank.
With the 2019 Presidential elections
fast drawing close, there are reports of an impending plot by the Presidency to
withdraw over a trillion naira from the nation’s apex bank to fund the Muhammadu
Buhari’s presidential campaign amidst cries of lack of adequate funds.
Former Deputy National Publicity
Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has
accused the presidency of plot to withdraw the sum of $3.5bilion from the
Central Bank of Nigeria to fund the 2019 reelection campaign of President
Muhammadu Buhari.
Frank, in a statement issued and a
copy made available to Naij News Alert in Abuja, disclosed that the whooping
sum represents the amount the presidency is planning to pull out from one
single source to fund the election.
He added that the presidency has
already commenced spurious tax assessment against local businesses and
multinationals operating in the country to raise additional dollars to finance
the election.
He said that the Foreign Reserve
Account is also being scrutinized to determine how much can be ‘safely pulled
out’ of it without arousing suspicion from the public for the same purpose.
“It is unfortunate that Buhari has
decided to jettison his avowed ‘integrity’ and playing along with rouge
elements in his cabinet to perpetuate illegality in order to fund his
re-election”, Frank said.
“This unholy move further represents
a fundamental breach of the Constitution, since the proposed withdrawals have
not been presented to the National Assembly for consideration and approval, in
line with Section 80 (3) of the Constitution.
“The illegal tax assessment against
Nigerian businesses and multinationals under the guise of ‘royalty payments’
amounts to double taxation, capable of stifling investment inflows into the
country and further fueling the already saturated unemployment situation in the
country”, he further stated.
“I am still wondering why a
government that is still foot-dragging in approving the payment of N30,000:00
minimum wage demanded by workers intends to assault the country with such
brazen finagling with its commonwealth”.
“How can companies already under
severe yoke of a depressed economy again be made to cough out $200million in
‘taxes’ with the direct consequences of massive job loses being imminent”? he
queried.
He stated that the International
Community is in no doubt aware of the suffocating business environment in
Nigeria as attested to by a former United Kingdom Secretary of State for
International Development, Priti Patel, who in a recent Op-Ed for the London
business newspaper, City A.M., sternly warned investors to be wary about doing
business in Nigeria.
The lawmaker had specifically stated
that the Buhari-led administration is notorious for flouting international law,
disobeys court decisions, and added clearly that ‘there has been no reduction
in corruption since Buhari took office.’
“How can a government that has
locked away the former National Security Adviser, Sambo Dasuki and prosecution
leaders of the Peoples Democratic Party over alleged diversion of $2.1billion
meant to purchase arms to fight against Boko Haram, now turn around to devise
same criminal method to fund their reelection campaign?
“Little wonder that the APC recently
mocked the PDP and its presidential candidate, Alhaji Atiku Abubakar by
alleging that they lack funds to prosecute the 2019 campaigns simply because they
are not in a position to dip their hands into the national coffers like they
have perfected plans to do.
“He called on Nigerians to wake up
and resist this looting spree and financial heist about to be visited on
citizens who have ben rendered abjectly poor and dehumanized by the clueless
leadership provided by Buhari and the APC since 2015.
“I must say that this illegality and
looting arrangement by the presidency is a direct peep into what their #Next
Level Nigeria Campaign would bring the way of Nigerians should they again be
voted into office in 2019”, he stated.
He stated that the money being pulled
in by the presidency is to enable them buy votes, bribe security and
Independent National Electoral Commission officials on election duty in order
to secure undeserved victory.
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