Obasanjo: Jonathan misused & abused his mandate

How GEJ caused the current economic crisis -- Obasanjo

Former President Olusegun Obasanjo shocked journalists as he lambasted calls from Nigerians to account for Abacha’s loot. Obasanjo said: “They said the money recovered from Abacha, I should account for it. What stupidity! The man who asked for it, the man who gave the judgment or who answered them are all stupid, with due respect. I don’t keep account, all Abacha loots were sent to Central Bank of Nigeria, and every bit of it was reported to Minister of Finance. My job was to write where we can get help to recover the money.

“Every penny that comes out of it went to CBN, so if they want to know what happened to the money, they should call CBN governor or call the Minister of Finance. But again, it shows ignorance, total ignorance, which is lacking and you wonder, are these people educated? They can also approach the man who helped us in recovering process to give the list of money recovered and where he took it.”

Commenting in the state of oil revenue accruing o the federal government from oil sales, Obasanjo said, “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing. I know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again.”

Obasanjo also commented on the Biafran agitation. “I sympathize with people agitating in the country, but what Nigeria needs to do now is to get our economy back on track. When you have a bad economic situation, such is expected. So I did not see their cause as a threat but I see it as a platform to get their voices heard. Like I said on January 15, the important, authentic leaders of the South-East are concerned about economic situation of Nigeria and I believe when the situation changes tomorrow, these young people will sing a new song.”

On former president Jonathan, Obasanjo defended his initial support for Goodluck Jonathan. He rather berated the former president for misusing the opportunity Nigerians handed him on a platter. “Any Nigerian can become president, and we shouldn’t regret that. What we should rather regret is when such a Nigerian, like Goodluck used, abused and misused his opportunity. At that, Nigerians told him by bye. That is the beauty of democracy.