Social Commentator and Political analyst, Ademola Adigun has said a significant amount of the loan request of about $30b by President Muhammadu Buhari will be stolen.

Adigun said this will happen due to the fact that the govt has still not dealt with leakages in the procurement cycle.

He said this in a post he shared on his Facebook handle.

His post read, “Our President according to news reports, is planning to resend a loan request of about $30b. That’s about 2/3 of our reserves.”

“The erstwhile rogue Senate led by the rebel leader Senator Saraki, had initially turned that request down.”

“In the light of a more friendly, docile and pliant Senate leadership, the request might be approved.”

The loan is meant to provide critical and needed infrastructure. We do need infrastructure!

But, if you have followed Jack Obinyan-Buhari and many other Buharist here, most of those projects are actually competed. They showed us pictures. They told us Buhari was doing more with less. When we said the projects existed only on social media, they said we hated the man.

When in several posts, I pointed out that they shared falsehood for the simple reason that the budget performance on Capital expenditures was never about 45%, and that it was not possible to deliver what they claimed, they argued and shouted.

READ MORE: https://thebelltimesng.com/2019/12/01/a-significant-amount-of-30b-debt-will-be-stolen-expert/

Lol. Money that has already gotten stolen before approval.

The conglomerate of sophisticated crooks led by the presidency cabal have already appropriate the monies to themselves.

He was too generous saying 50% will be stolen.The fact is 90% will be looted by Buhari and his fantastically corrupt bandits. Go and ask David Cameron if you think I am lying.

And the rest will be used to pay salaries for a very unproductive political class

They should help me with just $400 out of that billions of dollars and I will be just Queen this xmass

For all the monies already borrowed, I see nothing going on in this country. All federal roads are in a deplorable condition.
Leadership for the sake of leadership is the hallmark of buhari and his army of supporters.