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APC asks PDP to account for failed $460m Abuja CCTV Project, $2b China loan

The All Progressives Congress (APC) has asked the opposition Peoples Democratic Party (PDP) to explain to Nigerians on its failed $460 million Abuja Closed-Circuit Television (CCTV) project it awarded in August 2010.

The ruling party also listed some of the opposition party’s economic misdeeds while it was in power between 1999 and 2015.

In a statement on Monday in Abuja by its Deputy National Publicity Secretary, Yekini Nabena, the APC described Atiku’s comment as “un-researched, unintelligent and pedestrian”.

APC recalled that Transportation Minister Rotimi Amaechi had explained that the guarantee/clause in the loan deals is the global standard, irrespective of the country granting the loans.

Read Chinese loans: Nigeria’s sovereignty will be protected, AGF Malami says

The statement said: “Perhaps, Atiku and the Peoples Democratic Party (PDP) could redirect their energies to explaining to Nigerians the status of the failed $460 million Abuja Closed-Circuit Television (CCTV) awarded in August 2010 by the immediate-past PDP administration.

“Also, they should explain the over $2 billion China loan the PDP administration took between 2010 and 2013 alone; $16 billion spent on power with no electricity; fuel subsidy rackets; counter-insurgency funds that were diverted and shared to political cronies, among other shocking heists.

“Recall that the failed CCTV installation project was initiated by late President Umaru Yar’Adua and awarded in August 2010 by former President Goodluck Jonathan’s administration to help security agencies in the Federal Capital Territory (FCT) to check the growing insecurity.

“Since the agreement became signed, Nigeria has been servicing this loan to China while Nigerians are yet to attest to the visibility of CCTV project and unable to explain the status of the video surveillance project. The matter is subject to a legislative probe.

“In all of these, we are starkly reminded that the PDP remains a corrupted and damaged product. Nigerians must continue to reject the party at all levels of government.

“In the area of fiscal discipline, prudence, curbing leakages, are we currently getting it right? An emphatic yes! Every kobo expended on infrastructure counts. Verifiable evidence abounds in the fast-expanding national railway projects, airport remodelling, among other critical infrastructure projects being undertaken by the President Muhammadu Buhari government.

“The days of phoney contracts, as institutionalised by successive PDP administrations, are fast fading.”

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