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Opinion: Petroleum Trust Fraud
Published
8 years agoon
By
Eric
By Ray Ekpu
It is not known to this column how close Brigadier Sani Abacha was to Major General Muhammadu Buhari by December 1983. It was Abacha who announced at the end of a few minutes of martial music on new year’s eve that the government of President Shehu Shagari had been thrown into the dust bin of history. Buhari became the fulcrum of that history as Nigeria’s head of state. On August 27, 1985, there was another game, the Revolving Doors’ game. Buhari was out, thrown out, while Ibrahim Babangida, was in, thrown into the pinnacle of political power in Nigeria. Babangida clamped Buhari into the dungeon for some months where he cooled his feet, while his colleagues were bestriding the Nigerian political and military firmament like they owned the world. Babangida left or was forced to leave the throne after eight years of dangerous foot work. He called Chief Ernest Shonekan, a successful private sector entrepreneur, to come and take the baton of leadership.
He took it and as he was trying to hold it in his hand firmly, Abacha who had been eyeing the coveted prize greedily grabbed it in 1994. He immediately increased the price of petroleum products. The public rolled out a series of protests. As an appeasement measure, he set up the Petroleum Trust Fund (PTF) as an intervention development agency to bring succor to the people especially in the rural areas. He made Buhari the executive chairman of the Fund which he ran for five years (1994-1999).
Why did Abacha appoint Buhari the Executive Chairman of PTF? Was it as an atonement for the sin of standing by while he was overthrown by the Babangida Boys? Or was he just sympathetic seeing that the man had been left in the cold by Babangida since his ouster on August 27, 1985? Or was Abacha simply looking for a fabled disciplinarian who didn’t love money too much or the dirty part of it? Buhari needed that rehabilitation, physical, financial and reputational. He was eager to come in from the biting cold and be seen as a man who, despite the overthrow and detention, had kept his dignity and integrity such that Abacha who was Babangida’s man, could trust him with the big-wallet job.
The Petroleum Trust Fund was to intervene in such areas as roads and waterways, supply of educational materials, rehabilitation of educational infrastructure, food supply, health, water supply, etc. Buhari set up a capricious management structure and appointed Afri-Project Consortium (APC) led by a 42 year old man, Salihijo Ahmad. This Consortium was the sole manager of the PTF projects. Ahmad had admitted to Newswatch in an interview published by the magazine in its April 19, 1999 issue that it was APC that wrote the proposal which defined the mandate of the PTF. It suggested the criteria, procedure for selection and appointment of contractors, consultants and suppliers. It also worked out the monitoring mechanism adopted by the PTF. The APC had some 620 consulting firms reporting to it. It was the sole management consultants to the PTF. Most Nigerians had no idea how the PTF was run. It was when President Olusegun Obasanjo took over in 1999 and set up an interim management committee (IMC) headed by Dr Haroun Adamu to wind down the PTF that the worms crawled out of the can. That Interim Management Committee appointed three technical consultants to investigate various aspects of the PTF management. Their findings conducted independently were damning. When I read President Buhari’s remarks a few weeks ago in which he crowed about the achievements of the PTF under his leadership, I decided to do a facts-check since I knew that Newswatch had done a cover story titled “How Buhari ran PTF” which was published in its March 13, 2000 issue. This story was the product of a thorough investigation into the mammoth fraud as discovered by the technical consultants hired by the IMC. Details of the IMC report are distilled for you here. The findings: N144.51 billion had been given to PTF by the Federal Government during its lifetime; A residential estate was to be built at Wuse, Abuja, for N703 million but the technical consultants hired by IMC put the realistic valuation at about N328 million; Between July 1994 and July 1999, about N25 billion was either stolen or improperly expended; Extension of PTF headquarters was to gulp N650 million; Expired HIV/Aids drugs and kits worth N28 billion was supplied to several hospitals nationwide. This was confirmed by the Nigerian Guild of Medical Directors whose Secretary, Mr. Rowland Ogbonna, asked the Federal Government to withdraw the drugs immediately from all hospitals in the country. Many projects were abandoned while the completion rate of other projects was put at 30%; the sum of N500 million that the PTF deposited in a bank disappeared as soon as the IMC was announced. The bank agreed to pay the money after President Obasanjo read the Riot Act to the bank officials. On taking over, IMC discovered that there were no contract documents, drawings or specifications relating to projects. The APC could and did award contracts and vary the pricing without any reference to the PTF. Mr. Ahmad had asked the IMC officials to come and collect some documents in connection with all the transactions. On the day of the appointment he collapsed and died. The other members of the APC team claimed that they were not in a position to supply the documents.
There were more sordid revelations. The Afenifere did an analysis of the siting of the projects. The consumption of petroleum products by the South was 70% while that of the North was 30%. However, the distribution of the PTF projects was a reversal of the consumption pattern: 70% to the north and 30% to the south. All southern states had 4,440.43 kilometres of roads rehabilitated (24%) while states in the north had 13,870.47 kilometres rehabilitated (76%). Teaching Hospitals’ rehabilitation: South 38%, North 62%; Specialist hospitals: South 29%, North 71%; Food supply: South 17%, North 83%; National Health and Educational Rehabilitation Programme (NHERP): South 0% and North 100%; Vocational Programme: South 3%, North 97%; Primary School rehabilitation: South 12%, North 88%. Haroun Adamu acknowledged the gross imbalances in the sharing of the projects but regretted that his committee could not do much to remedy the situation since by the IMC mandate they could not embark on new projects.
From the findings there was massive fraud in PTF, fraudulently masquerading as achievements. The institution was a government intervention agency but run without the regulatory checks and balances that undergird the implementation of government projects. The Afri-Projects Consortium was just on its own, a loose canon with no authority to check it. Buhari was the Executive Chairman but he was absent-minded and had capriciously surrendered the operational powers of the PTF to APC without diligent supervision. The boys looted the place dry and there was no evidence that Buhari had an inkling of the huge corruption under his feet. Sometime before the IMC takeover, a newsmagazine, TheWeek, had interviewed him about the swirling corruption allegations. He said allegations of corruption against him were false. “My integrity is intact.” His friends said so too and even insinuated that Dr. Adamu was going after Buhari because the former dictator had detained him in 1994. Adamu told Newswatch: “I am not here to probe Buhari, No, that is not our mandate. Whatever happened when he was head of state is long forgotten. He is my friend.”
Buhari’s personal integrity was not soiled by the Petroleum Trust Fraud but he displayed supreme incompetence as a manager. As an Executive Chairman the buck stopped at his desk and no matter how you want to slice it he takes vicarious responsibility for the humongous fraud that took place in that institution. Secondly, the grossly lopsided distribution of the PTF projects between North and South is an awful testimonial for a man of his national standing to whom the nation through the coup makers had given the highest position in the land. His lopsided appointments today constitute a déjà vu.
When I read what he said about Abacha I was sorry for him. He said to a delegation, Buhari Support Group led by Comptroller General of Customs, Hameed Ali. “I don’t care about the opinion you have on Abacha but I agreed to work with him and we constructed roads from Abuja to Port Harcourt, Benin, Onitsha and so on. We also touched education and health. One of the former Heads of State was bragging that he spent $16 billion on power in Nigeria. Where is the power?” The emerging confrontation between the two former dictators, former friends and former allies and now fierce foes, Obasanjo and Buhari, will receive the attention of this column in due course. For now, I think President Buhari’s open veneration of the kleptocratic and autocratic Abacha is a cause for nausea. At the 10th anniversary of Abacha’s death Buhari had given the fantastically corrupt Abacha a clean bill of integrity. Even at that time, Nigeria was running all over the world trying to retrieve the billions Abacha had scattered in several banks in several countries and several continents. The horrifying stories of the elimination of prominent politicians and businessmen by Abacha constitute a notorious portion of our national narrative. No matter how hard Buhari tries, no matter what he thinks of the despicable, despotic Abacha, no matter why he thinks the man was a saint he will never succeed in winning Nigerians to his side. He will only wake up with fleas since he chooses to be in bed with dogs
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ADC Tells Tinubu to Resign As World Bank Reveals 139million Nigerians Live in Poverty
Published
1 day agoon
July 20, 2026By
Eric
The African Democratic Congress (ADC) on Saturday asked President Bola Ahmed Tinubu to resign rather than seek re-election, asserting that the World Bank’s recent report showing that 139 million Nigerians live below the poverty line is his scorecard.
“The evidence of 139 million people living in poverty and 17 million at risk of starvation is President Tinubu’s scorecard,” the party said. “On account of this catastrophic failure alone, President Tinubu should be contemplating resigning from office rather than seeking re-election.”
It decried that the “catastrophic” situation was occasioned by the Tinubu administration’s policies, which it said, “have favoured money over people and statistics over survival.”
The opposition party maintained that the economic growth Mr Tinubu’s government has repeatedly boasted of as a result of its economic reforms is “meaningless” if the livelihoods of people at the grassroots have yet to improve since 2023, when he assumed office.
“Instead of changing course, the government has stubbornly stuck with its ruinous economic policies and even continues to market recklessness as courage and wickedness as ‘necessary pains.’
“However, three years down the line, it is now clear that the chicken has come home to roost,” the ADC said.
According to the party, Nigeria desperately needs a leader who truly cares about citizens’ well-being and understands that economic reforms should improve citizens’ lives, not worsen their misery.
“A president whose government is not openly feasting while asking the people to continue fasting. A government that does not wallow in profligacy while handing the people palliatives,” it added.
The party condemned the ruling APC’s social intervention programmes aimed at cushioning the effects of its economic policies, adding, “Poverty cannot be defeated through palliatives.”
The ADC pledged that if elected in 2027, it would tackle the root causes of hunger by reducing energy costs, enhancing food production, and ensuring that farmers returned to their farmlands.
It also vowed to rehabilitate the 264 abandoned dams, improve access to fertilisers and quality seeds, and invest in storage facilities.
According to the party, transportation, waste, and food prices would be reduced while creating productive jobs.
“Hunger cannot be separated from poverty, education, or healthcare. That is why an ADC government will prioritise nutrition, primary healthcare, quality basic education, and skills development because no nation can build a prosperous economy while millions of its children are hungry, out of school, or cannot read simple texts,” the party said.
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‘Punishment Before Trial’: The Travails of Nasir El-Rufai
Published
2 days agoon
July 19, 2026By
Eric
By Eric Elezuo
For 150 days and counting, a former Governor of Kaduna State, and one time Minister of the Federal Capital Territory, Mallam Nasir El-Rufai, has remained in the custody of various security agencies including the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for alleged offences ranging from fund misappropriation, wiretapping and eavesdropping on security information among others. El-Rufai has not been found of any offence though he has spent over 150 days in custody.
The former governor’s plight was brought back to the fore weekend, when his wife, Asia Ahmad El-Rufai, made a passionate appeal to the international community to intervene over what she described as her husband’s prolonged detention and alleged denial of due process.
Mrs El-Rufai argued that the former governor’s continued incarceration amounted to “punishment before trial” and posed a threat to Nigeria’s democratic institutions. She noted that her husband has not been fairly treated even as she alleged that the former Director-General of the Bureau of Public Enterprise (BPE) may have taken ill in custody, bleeding from both nose and mouth. She wondered how someone, could made to undergo such severe punishment even when he is not undergone any trial, let alone being found guilty.
In a statement she signed herself, released his social media handles to mark what she described as the 150th day of El-Rufai’s detention, El-Rufai’s wife called on foreign governments, multilateral and multinational organisations and international human rights groups to closely monitor the legal proceedings involving her husband.
She acknowledged not speaking as a political actor but as a wife and mother seeking fairness for a member of her family.
The woman was of the opinion that the period of her husband’s incarceration without trial, has taken a significant emotional and physical toll on the former governor, members of his family and close associates.
“On the 150th day of Mallam Nasir El-Rufai’s detention, I ask readers outside Nigeria to pause over what that number means. One hundred and fifty days is not a legal phrase.
“It is five months of missed meals, missed prayers, missed proper mourning of his deceased mother, missed family conversations, interrupted medical care and moments we can never recover,” she said.
Acknowledging that her husband had been a controversial figure during his more than two decades in public service, as well as how rule of law and democracy should play out, she observed that “My husband is no stranger to controversy or public scrutiny. He has been praised, criticised, loved and opposed. That is democracy.
“But what is happening to him today is not democracy, and it is not accountability. It is punishment before trial,” she said.
Continuing and reflecting on the origin of the travails of her husband, Mrs El-Rufai traced his confrontation with the law to when am attempt was first made to arrest him at the airport on his way back from Egypt. The embarrassing situation at the airport culminated in his appearance for questioning, and ever since he has been allowed except when he was momentarily permitted to go and bury his dead mother.
She said, “There was the sudden invitation, his voluntary appearance before the authorities, and the promise of bail that existed on paper but not in freedom.
“There was the night he was moved between locations without warning and without the dignity of allowing his family to know where he was being taken,” she stated.
Asia also alleged that the former governor became seriously ill while in custody and experienced bleeding from his nose and mouth.
She claimed that officials were reluctant to provide him with adequate medical attention or allow his family to deliver his prescribed medication.
“I still remember the helplessness of hearing that he had fallen gravely ill in custody, bleeding from his nose and mouth, while those responsible for his welfare were reluctant to provide the care any person deserves.
“I remember the anxiety of trying to get his medication to him and wondering whether officials would accept it,” she said.
According to her, the detention had inflicted emotional distress on the family, which continued to wait for the legal process to take its course.
“These are not abstract violations. They are the moments that chip away at a family’s resolve and hope,” she added.
While not requesting that her husband be placed above the law, or escape investigation as a public officer, she insisted that such investigations must be conducted transparently, and in accordance with constitutional safeguards.
“If the state believes it has evidence, let it be presented before an impartial court, openly and fairly.
“But justice cannot be selective. It cannot be pursued through overlapping charges, repeated detention, impossible bail conditions and public humiliation designed to persuade the nation of guilt before a judge has heard the case,” she said.
She accused the government of the day of orchestrating the gory details of the situation, including stringent bail conditions to deprive her husband of freedom, even as the election approaches, stressing that Nigeria was drifting from legitimate accountability towards “lawfare,” which she described as the deployment of legal institutions and judicial procedures as political weapons. She believes that El-Rufai’s problems are the consequence of his disagreement with President Bola Tinubu, and his eventual decanting from the All Progressives Congress (APC).
“The concern is not whether former officials may be investigated; they can and should be.
“The concern is whether the law is being applied neutrally or deployed against those who have fallen out of political favour,” she said.
“His political rupture with President Bola Tinubu’s ruling All Progressives Congress and his refusal to surrender his independent voice should not make him a target for indefinite punishment or detention disguised as prosecution,” she said.
“The legal architecture”, she continued, “surrounding him is bewildering even to trained observers: multiple charges in different courts, overlapping allegations, shifting statutory theories and duplicated claims arising from the same alleged events.
“If one application for bail is made and the conditions are met, another accusation can be filed the next day. If one judge must consider freedom, another process can be used to delay it,” she alleged, querying why such procedures was allowed to turn the judicial process into a form of punishment before conviction.
In March 2026, the ICPC arraigned El-Rufai, alongside one Joel Adoga, before Honourable Justice A.I. Aikawa of the Federal High Court, Kaduna Division, on a 10-count charge bordering on abuse of office, money laundering and fraud.
According to the charge sheet marked FHC/KD/73/2026, the former governor was accused of unlawfully receiving multiple sums of money in naira and foreign currencies while serving as a public officer.
Specifically, the Commission alleged that El-Rufai, in September 2020 and January 2023, received the sum of N289,826,998.12 on each occasion as severance allowance, far exceeding the legally entitled sum of N20,013,245.00, being 300 percent of his annual basic salary.
The ICPC charge further revealed that between 2016 and 2023, the former governor allegedly took control of various sums in United States Dollars through his domiciliary account with Guaranty Trust Bank. These include $320,800 allegedly paid in tranches by Joel Adoga, as well as other deposits amounting to $155,800, $305,300, and several smaller sums from different individuals, all reasonably suspected to be proceeds of unlawful activities.
Joel Adoga was also accused of conspiring with the former governor in July 2019 to disguise the origin of $10,000 deposited into the said account.
One of the counts reads that both defendants, in July 2019 at Wuse, Abuja, allegedly conspired to disguise the origin of $10,000 paid into the former governor’s domiciliary account, knowing or reasonably ought to have known that the funds formed part of the proceeds of unlawful activity, contrary to and punishable under relevant provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
When the charges were read, both defendants pleaded not guilty to all counts, but they were ordered to be remanded in ICPC custody.
The ICPC further violated the court-ordered access to the former governor, saying that the order did not override the agency’s internal security rules.
In May 2026, the Federal High Court sitting in Abuja granted El-Rufai N100 million bail in the trial over the alleged unlawful interception of the phone communications of the National Security Adviser, Nuhu Ribadu. However, he was re-arrested right at the court premises by the DSS, prompting the family to raise alarm.
EL-RUFAI’S STRINGENT BAIL CONDITIONS
Much as the embattled former Kaduna governor was granted bail, the conditions have appeared too stringent and tough to meet, the situation that prompted the African Democratic Congress (ADC) among many other concerned Nigerians to react.
In its immediate reaction, the ADC accused the Federal Government of turning El-Rufai into a political prisoner, describing his ordeal as “political persecution dressed up as prosecution.”
El-Rufai’s family also condemned the re-arrest.
El-Rufai’s second wife, Hasiat, who addressed journalists outside the DSS facility, said the family was traumatised by the development and lived daily under the shadow of threats and surveillance.
“We now live in constant fear. Every day we get a threat — DSS is coming to raid your house, ICPC is coming to raid your house, police are coming to raid your house. You are being followed. Our phones are tapped,” she said.
As part of the bail conditions, the trial judge, Justice Joyce Abdulmalik ordered the defendant to produce a surety who must be a federal civil servant not below Grade Level 17.
According to the court, the surety must not only be resident in either Maitama or Asokoro highbrow districts of Abuja, but must also deposit the original Certificate of Occupancy of a landed property not valued below the bail sum.
It held that the surety must also provide evidence of receipt of salary for at least three months, with an authenticated letter from the manager of a bank within the jurisdiction of the court.
It added that a verification letter from the surety’s immediate department must be submitted alongside a tax clearance certificate covering the last six months.
The defendant was further mandated to surrender his valid international passports and directed not to travel out of the country without permission.
Justice Abdulmalik ordered the defendant to report to the headquarters of the Department of State Services, DSS, every last Friday of the month by 10 a.m. to sign an attendance register, pending the determination of the case. The former governor was also directed to submit a letter of attestation from the Chairman of the Kaduna Traditional Council.
The trial judge warned that failure to comply with any of the conditions would lead to an automatic revocation of the bail.
“It also confirms our fears that President Bola Ahmed Tinubu is deploying the instruments of state power to keep one of the leading opposition figures out of circulation. This is political persecution dressed up as prosecution.”
ADC also drew comparisons between El-Rufai’s case and those involving former Kogi State governor, Yahaya Bello, and former Delta State governor, Ifeanyi Okowa, both facing separate corruption allegations.
“When placed beside other high-profile cases, the contrast becomes stark and shameful. Yahaya Bello, former governor of Kogi State, has been accused in an alleged N80.2 billion money laundering case.
‘’Ifeanyi Okowa, former governor of Delta State, was arrested over the alleged diversion of N1.3 trillion in derivation funds. But today, they are walking around free, singing President Tinubu’s campaign song,” the ADC statement noted.
However, unconfirmed feelers reaching The Boss have it that El-Rufai’s incarceration has a lot to do with keeping him away from the face politics till after the 2027 General elections. The truth, or otherwise behind the postulation remains to be seen. Nigerians have to wait till the former governor’s next appearance in court by September 2026, to determine the direction of his freedom.
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Mary Habila’s Death: Tinubu Has Failed Comprehensively, Disgracefully – Atiku
Published
5 days agoon
July 16, 2026By
Eric
By Eric Elezuo
A former Vice President, and Presidential Candidate of the African Democratic Congress (ADC), Atiku Abubakar, has lashed out at the administration of President Bola Tinubu over its prolonged silence on the death of a medical practitioner, Mary Habila, who died at the residence of the Minister of Works, Dave Umahi.
Atiku condemned the inability of the Tinubu-led government from making any pronouncements or instituting any form of probe to unravel the cause of death since the sad incident occurred on June 27, 2026, saying the administration has failed comprehensively and disgracefully.
Atiku’s remarks are contained in a statement he released on his social platforms endorsed with his regular AA.
While not casting any blame on any particular person or entity, Atiku maintained that condolences are not enough,but must be accompanied by thorough investigation into the circumstances that led to the death of the 26 years old medical practitioner in her prime.
The former Vice President therefore called for a “credible, independent, and transparent investigation” to establish the truth, noting that “it is the refusal of the Federal Government to guarantee such an investigation that constitutes the scandal before us”.
The statement in full:
I have followed with deep sorrow and mounting concern the reports surrounding the death of Miss Mary Habila, a 26-year-old Nigerian from Nok, Southern Kaduna, who died on June 27, 2026, within the private residence of the Honourable Minister of Works, Senator David Umahi, in Uburu, Ebonyi State.
First, I extend my heartfelt condolences to the Habila family. No family should have to mourn a daughter taken in the prime of her life while also fighting simply to learn the truth of how she died.
But condolences are not enough. Nigerians deserve answers, and it is on this score that the Tinubu administration has failed, comprehensively and disgracefully.
Consider the facts that are not in dispute. A young woman died in the residence of a serving Federal Minister. For nearly two weeks, neither the Minister, nor the police, nor any arm of government said a word to the Nigerian people. It took the courage of Sahara Reporters to bring this death into public view. Three weeks after her death, no autopsy has been performed. No cause of death has been established. The investigation remains domiciled in the very state where the Minister served two terms as Governor and where his influence is beyond question.
And through all of this, silence from the Presidency. Silence from the Federal Executive Council. Silence from the Inspector-General of Police. Silence from the National Assembly. Not one word. Not one directive. Not one gesture to assure Nigerians that the life of Mary Habila matters to this government.
Instead, the Minister has been permitted to manage the narrative of a death that occurred under his own roof: issuing statements through his personal aides, deploying his private lawyers to correspond with the police, and continuing his official duties as though nothing has happened, while civil society groups, youth organisations, and the family’s own community cry out for an independent inquiry.
Let me be clear: I make no pronouncement on anyone’s guilt or innocence. That is precisely the point. Only a credible, independent, and transparent investigation can establish the truth, and it is the refusal of the Federal Government to guarantee such an investigation that constitutes the scandal before us.
A government’s first duty is the protection of life. Where a life is lost in circumstances touching a high official of state, the burden on government to act transparently is at its heaviest.
President Tinubu’s administration has instead treated this tragedy as an inconvenience to be waited out. If the death of a young Nigerian woman in a Minister’s residence cannot stir this government to act, then Nigerians must ask: whose life, exactly, does this government value?
I therefore demand the following: One, President Bola Tinubu must direct the Honourable Minister of Works to step aside immediately, pending the conclusion of investigations. This is not a punishment; it is the minimum standard of public accountability in any serious democracy. No official under this cloud should preside over a federal ministry as though it were business as usual.
Two, the Inspector-General of Police must immediately transfer the investigation from the Ebonyi State Command to Force Headquarters, with the involvement of independent forensic experts. No investigation conducted in the shadow of the Minister’s home-state influence can command public confidence.
Three, a full, independent, and internationally credible autopsy must be conducted without further delay, with the findings made public. The stalemate over the post-mortem, three weeks after this young woman’s death is an indictment of every institution involved.
Four, the family of Mary Habila must be protected from any pressure, inducement, or intimidation, and must be guaranteed unfettered access to the facts of their daughter’s death.
The measure of a nation is how it responds when the powerful are touched by tragedy and the powerless demand truth. Mary Habila was somebody’s daughter, somebody’s sister, a young professional with her life ahead of her. She was a Nigerian. Her death must not be reduced to a footnote of political convenience.
Nigeria will work again, but only when the life of every Nigerian counts, and when no one, however highly placed, stands beyond the reach of accountability.
May the soul of Mary Habila rest in peace. May her family find justice. -AA
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