January 1, 2019

TraderMoni, relooting of Abacha loots — Fayose

Fayose, Jakande, Dino Melaye, Oni


By Rotimi Ojomoyela

Immediate past governor of Ekiti State, Mr. Ayodele Fayose has described the Federal Government TraderMoni scheme as not only an avenue for advanced votes buying but direct “re-looting of the Abacha loots.”



Fayose questioned the rationale in  Vice President, Prof. Yemi Osinbajo leaving Abuja and spending about N25 million on maintenance of presidential jet as well as allowances for himself, aides, protocols, security and others just to share say N10 million.

Fayose said if the Federal Government was sincere about TraderMoni, the fund should have been paid into bank accounts of beneficiaries so that the disbursement can be traced and properly audited, adding that “When I was governor, more than 20,000 people got N5,000 monthly stipend and the money was paid into their bank accounts.”

In a statement issued on Monday by his Media Aide, Lere Olayinka, the former governor, who is also the Southwest Coordinator of the Peoples Democratic Party (PDP) Presidential Campaign Council said Nigerians had already seen through the deceit of the All Progressives Congress (APC) led federal government and will respond appropriately with their votes in 2019.

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Fayose said it was even funny that the same President Muhammadu Buhari who insisted that the late Gen. Sani Abacha never stole was the one taking pride in his government use of a phony TraderMoni scheme to reloot the $322 million recovered from the loot Abacha stashed in Switzerland.

He said: “If not that  TraderMoni was to reloot the recovered Abacha loot, the proper way was for beneficiaries to be captured biometrically and the N10,000 paid into their bank accounts instead of the Vice President going to the market to share cash.

“Most importantly, there is nowhere that the Vice President will travel to outside Abuja that he won’t spend up to N25 million on his allowances, maintenance of presidential jet and the allowances of his retinue of aides, including security men.

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“Therefore, of what economic sense is going to say Kano to share the N10,000 cash to 1,000 people? Isn’t spending N25 million to share N10 million same as being penny wise pound foolish?”