I’ll Probe $16bn Obasanjo Spent On Power Project, Says Buhari


President Muhammadu Buhari has vowed to probe the $16bn spent on failed power project by the administration of former President Olusegun Obasanjo.

He said his government would recover the money and expose those behind the scam.

President Buhari, who spoke on Tuesday in Yenagoa, the Bayelsa State capital, during the All Progressives Congress presidential campaign rally, said he was unrelenting in his pursuit of those who looted the nation’s resources.

The President, who landed at the government helipad, was received by the Bayelsa State Governor, Seriake Dickson, before he proceeded to pay a courtesy call on the traditional rulers in the state.

Addressing the crowd, Buhari said his administration despite the daunting challenges had been able to curtail the security issues in the North-East while the economy was on the way to becoming self-reliant.


Although he did not mention Obasanjo, Buhari said, “The previous government mentioned on their own that they spent $16bn on power but you are better witnesses than myself. Where is the power? Where is the money? We will follow them, eventually God willing, we will catch them and get our money back.”


The Federal Government was reported to have spent N16bn on power projects between 1999 and 2007 when Obasanjo was in government.


Earlier while addressing the APC supporters in Yenagoa, Buhari highlighted his achievements and urged them to vote for him on February 16.

He said, “We take the problems of security, economy and infrastructure seriously and we are also promising that we will make people who occupy executive positions both at state and federal levels to be accountable to the people.

“You know we are building roads, the railway was virtually killed but we are rebuilding it, and there was no power we will bring power back.”


The former governor of Bayelsa State and leader of the party in the state, Timpre Sylva, and the Minister of State for Agriculture and Rural Development, Henieken Lokpobiri, urged Bayelsans to vote massively for President Buhari and the APC come Saturday.



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