PTF SAGA AND BUHARI’S INVOLVEMENT
"The PTF as you may be aware was the agency created by the late dictator Gen Sanni Abacha in March 1995 when he unilaterally increased pump price of petroleum products from N3. 25k to N11 per liter in October 1994; it had a startup sum of N61 billion, which increased progressively to over N182 billion over a period of four years and Buhari was appointed by the late General Abacha to manage this fund as an intervention fund for critical infrastructure in all geo-political zones of the country.

"However, by May 1999 when Nigeria was restored to democratic rule, the management of the PTF had been dogged by multiple controversies most of which bothered on total lack of accountability in the award of contracts, lopsidedness in the location of projects as well as absence of control mechanism to ensure quality assurance on programmes and projects executed by the PTF.

"This was mainly why the then government of Chief Olusegun Obasanjo inaugurated the seven-man committee headed by Dr. Haroun Adamu to look into the programmes and expenditure of the PTF under Buhari."

By Apostle Fadaka