Skip to content
July 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Press Releases
  • Alleged N5.8b EFI Fund Fraud: Recent Attacks on VP Contrived- Presidential Political Adviser
  • Press Releases

Alleged N5.8b EFI Fund Fraud: Recent Attacks on VP Contrived- Presidential Political Adviser

Admin November 22, 2018

Vice President Yemi Osinbajo

 

 

 

Vice President Yemi Osinbajo

Nowhere in the House of Representative Committee on Emergency and Disaster Preparedness report was there an allegation of corruption against the Vice President, Prof. Yemi Osinbajo and this is why claims against him from some quarters regarding the report are mere political contrivances intended to distract him, according to Senator Babafemi Ojudu.

Senator Babafemi Ojudu, the Presidential Political Adviser, said this while responding to press inquiries about information circulating on social media on plots to target the Vice President hatched at the meeting of a major political party abroad, regarding 2019 election.

“It is evident that the opposition are in search of company for their acts of grand corruption which brought Nigeria to its knees as of May 2015. They cannot find that company in the Vice President,” the adviser noted.

He continued, “first, there is nowhere in the politicised House of Reps report where the VP was accused of corruption or embezzlement of funds. I challenge them to quote any word or sentence that makes such an accusation.”

“Even the House Committee Chairman has said there was no allegation of corruption against him. The only allegation is that he approved funds for the emergency operations in the North East from the consolidated Revenue Fund not budgeted funds. This conclusion we have proved to be false. The funds approved were from budgeted funds, specifically the Rice Levy,”

Sen. Ojudu said the recent NEMA probe report which social media account disclosed may have been authored at that meeting in a foreign country and was one of such efforts plotted to attack the Buhari administration by tarnishing the image of the Vice President.

“We have read reports in the media that the meeting in a foreign country of the major opposition party was centered on trying to attack the Buhari administration by targeting the Vice President using different tactics.

“It is now evident through the NEMA report, that the opposition is indeed making frantic efforts to tarnish the image of the Vice President,” he said.

He explained that even after Hon. Ali Isa, the Chairman of the House of Representatives Committee on Emergency and Disaster Preparedness had publicly admitted that the Vice President was not mentioned in the report, the opposition still found it expedient to continue, baselessly, to attack the reputation of Prof. Osinbajo by claiming without proof or any shard of evidence that fraud was committed in the N5.8b Emergency Food Intervention Fund for North-East.

He asserted that the presidential approvals were well within lawful authority of the then Acting President.

“Let us remember that the approval granted by Prof. Osinbajo was in response to the threat of hunger and starvation based on information received from the United Nation World Food Programme in April, 2017. The organisation had issued a warning that it would be reducing its vital support to about 1.8 million IDPs by as much as 85%, due to the corresponding reduction in funding by the donor countries. Around the same time, the United Nations Commission for Refugees in Geneva also warned of the growing risk of mass deaths from starvation among people living in the conflict areas”.

“Besides, it is also important to note that the procurement process was not ignored in the release of funds, as alleged. Section 43 of the Public Procurement Act makes provision for emergency procurement, in which case the procuring entity is allowed to engage in direct contracting for goods and file a report thereafter with the Bureau of Public Procurement.”

“Also, the BPP issued a ‘certificate of no objection’ to NEMA on the emergency procurement, and this addresses all issues relating to the alleged breach of due process,” Sen. Ojudu said.

The presidential adviser then added that the action of the opposition in the ensuing political drama indices that the NEMA probe report is being politicised is only a lame attempt at ruining the good works of the Buhari administration.

According to the Political Adviser, “the immediate past presidency has been unable to explain how in the years that Nigeria earned the highest revenue under its watch -$381B, when compared to any other administration since 1999, there is little or nothing to show for it.”

He said the Vice President will however not be distracted by the naysayers’ actions to discourage the Buhari administration from providing for the common man or to abandon the Social Investment Programme which it has budgeted half a trillion for in the past two years.

Sen. Ojudu added that the administration will continue to cater for Nigerians especially those at the bottom of the ladder, regardless of the antics of the opposition party.

“We know what is happening, but the administration will not be distracted. Our goals and objectives to put Nigeria on the solid path of greatness is now unstoppable and Prof. Osinbajo will not relent in that effort,” the presidential adviser concluded.

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Ali Isa Babafemi Ojudu BPP Buhari IDPs NEMA Rice Levy Yemi Osinbajo

Post navigation

Previous Single Currency: ECOWAS Presidential Task Force to Meet Dec.
Next Minister Orders Termination of all Contracts with US Based Oil Service Company Subsea 7 for Refusal to Comply with Local Content Laws and Regulations

Related Stories

Lagos Govt Begins Registration of Roadside,  Informal Space Occupants Under SCRAMP Initiative prevention guild
  • Press Releases

Lagos Govt Begins Registration of Roadside,  Informal Space Occupants Under SCRAMP Initiative

July 15, 2026
Peter Obi to Keyamo: Your story is full of lies and false claims
  • Press Releases

Peter Obi to Keyamo: Your story is full of lies and false claims

July 12, 2026
Peter Obi to Deliver Keynote Address at African Union Diaspora Conference in New York
  • Press Releases

Peter Obi to Deliver Keynote Address at African Union Diaspora Conference in New York

July 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Oil jumps 7% on escalating Middle East airstrikes crude oil
  • Business & Economy

Oil jumps 7% on escalating Middle East airstrikes

July 29, 2026
Police arrests Osun SSG, 5 others over alleged vote buying Police
  • National News

Police arrests Osun SSG, 5 others over alleged vote buying

July 29, 2026
DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram
  • National News

DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram

July 29, 2026
Decongesting Prisons: Ebonyi Chief Judge Frees Four Inmates During Abakaliki Custodial Centre Jail Delivery pit
  • National News

Decongesting Prisons: Ebonyi Chief Judge Frees Four Inmates During Abakaliki Custodial Centre Jail Delivery

July 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.