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Tuesday 6 January 2015

Obasanjo Attacks Jonathan Again, Accuses President of Squandering Oil Savings

President Jonathan and Former President Olusegun Obasanjo.
By Olumide T. Agunbiade
Former President Olusegun Obasanjo has again launched a public attack on President Goodluck Jonathan, accusing him of squandering $25billion crude oil savings left behind by his administration.
Mr. Obasanjo made the allegation while hosting the South-West women leaders at his residence in Abeokuta Monday.
He said his administration left over $25 billion to his successor, Musa Yar’adua, who raised the sum to $35 billion.
Mr. Obasanjo said he also left $40billion in Nigeria’s foreign reserve account after paying the outstanding debt at the time.
He said former President Yar’adua also raised the reserves to $60billion.
Under President Jonathan, the reserves has plummeted to $40billion, Mr. Obasanjo said.
The new claims followed a series of public denunciation of Mr. Jonathan’s government by the former president.