$65m Fraud: PDP Charges ICPC To Track Down Buhari’s Son-In-Law, Yau Kumo

Kola Ologbondiyan

The Peoples Democratic Party (PDP) has billed with the Independent Corrupt Practice Commission (ICPC) to track down his son-in-law, Yau Kumo.

The party was responding to some revelation of $65 million (N31 billion) fraud in the Federal Mortgage Bank of Nigeria (FMBN), where President Muhammadu Buhari’s son-in-law is alleged to participate.

In a statement by the spokesman of the celebration, Kola Ologbondiyan, the party said the development had further confirmed the Buhari Presidency was really”a refuge for fraudsters, treasury looters and common criminals”.

The statement read in part: “The celebration fees the ICPC to not succumb to documented pressure from the cabal in the Buhari Presidency but to track Yau Kumo, the former Managing Director of the FMBN, who had been announced wanted, and bring him to book together with his accomplices.

“It speaks volumes that the Buhari Presidency had remained quiet in the face of this massive fraud involving Mr President’s son-in-law; a part of the primitive family patronage in the Buhari government, only for certain members of the cabal to be mounting pressure on the ICPC to let him off the hook.

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“The PDP retains as bad, afflicting and provocative that while millions of hardworking Nigerians can’t afford their everyday meals and other basic essentials of life due to the misrule and corruption of the All Progressives Congress (APC) and its own administration, they are daily assailed by revelations of unbridled treasury looting under President Buhari’s view.

“Is it not provocative that at the time the Buhari administration is moving to decrease employees’ salaries; increased the price of gas, power and other tariffs; in a nation with over 33 per cent unemployment and in which citizens have been subjected to the worst forms of poverty; government officials, cronies and connections of those in power are busy looting our agencies and carting away our common patrimony?

“It is even more painful that the looted FMBN money is part of capital led by Nigerians to fulfil their home needs which have rather slipped beneath the predatory proclivities of their APC administration.

“The party maintains that Nigerians can now see that while the Buhari Presidency parades a holier than thou attitude’, the country’s vaults are laid open to the ruthless pillaging by relatives, connections, cronies in the Buhari Presidency.

“Just last week, the state has been jolted by reports of the looting of over N165 billion at the Nigeria Ports Authority (NPA) beneath the suspended Managing Director, Hadiza Bala Usman and the purview of the Minister of Transportation, Rotimi Ameachi, resulting in the widespread requirement for their sack and prosecution.

“This is also to the alleged participation of the spouse of the Transportation Minister, Mrs Edith Amaechi, in the reported N48 billion contract scam now rocking the Niger Delta Development Commission (NDDC).

“The PDP urges the Buhari Presidency to allow for an open investigation of Mr President’s son-in-law as well as those fingered in the fraud at the NPA and the NDDC”.


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