Jonathan squandered $55bn oil money — Obasanjo

Former President Olusegun Obasanjo, yesterday, once again took a swipe at President Goodluck Jonathan, accusing him among other things of squandering $25billion crude oil savings left behind by his administration.

Obasanjo made the allegation while hosting the South-West women leaders at his residence in Abeokuta, describing the administration of President Jonathan as full of impunity. Obasanjo also said the failure of Jonathan’s administration to save for the rainy day led Nigeria into the current economic mess where a dollar exchanges N195.

Obasanjo claimed that the more than $25billion inherited by his successor, Musa Yar’Adua, was raised to $35 billion but the Jonathan administration squandered all, including also the $40billion in Nigeria’s foreign reserve account after paying the outstanding debt at the time.

According to him, former President Yar’adua also raised the reserves to $60billion, but under President Jonathan, the reserves plummeted…

 

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

5 Responses to “Jonathan squandered $55bn oil money — Obasanjo”

  1. Unknown's avatar

    OBJ what of the one you wasted make we hear word a beg

  2. Unknown's avatar

    And how much did OBj squandered?

  3. Unknown's avatar

    Is Obasanjo better off? Is not him dat introduced Jona in to the Game, abi no b the one he remain na Jona dey thief(make he go sitdown joooøooh)

  4. Unknown's avatar

    Sebi na free world and free nigeria we de if na true anybody wey chop anyhow go die anyhow.

  5. Unknown's avatar

    Go chk history of jona all of dem thief

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