PHCN Swindle: IBB, Otedola’s Involvement An “Insult” To Nigerians, Says CDHR

Former military dictator Ibrahim Babangida And Femi Otedola

By SaharaReporters, New York

The Committee for the Defence of Human Rights (CDHR) says the ongoing process to acquire the nation’s power plants is only an exercise to further enrich the looters of Nigeria’s collective wealth.
In a statement signed by its National Vice-President, Comrade Taiwo Otitolaye, the group called the participation in the process of former military dictator, Ibrahim Badamosi Babangida (IBB), an insult to Nigeria’s collective intelligence, and called for his North-South Power Company Ltd and Elumelu’s Transcorp and Otedola’s Forte to be disqualified from bidding.
CDHR expressed regret over the role of the Economic and Financial Crime Commission and the Independent Corrupt Practices Commission, describing them as moribund anti-graft institutions.
“Were it to be in other climes, the likes of Babangida should not be walking the streets as a free man,”
CDHR said.  “With likes of Femi Otedola and IBB, the credibility of the bid process is highly undermined,” the statement said, recalling that Otedola still has a case to answer in the “Farouk Gate” affair.
Stating that in a decent polity, people like IBB would be tried for grave economic and political crimes against humanity, it recalled that the transition he implemented and then truncated on June 23rd, 1993 gulped over N40 billion.
warned that the country is yet to recover from the trauma and political turbulence of that electioneering period, and that IBB’s interest in North-South Power Company Ltd alone is enough to disqualify the company.
“Nigerians want to know the source of the company’s wealth giving its connection to Babangida,” the statement demanded.  “Going by Pius Okigbo’s report on Gulf War Oil gains, IBB was indicted and the CDHR demands for the implementation of that report.”
CDHR warned that not all Nigerians have lost their memory and sanity, stating that the deceit, looting of the collective treasury, political trickery and institutionalization of corruption that characterized IBB’s regime has not been forgotten.
“For how long can we continue to struggle with old-soiled recycled hands in our polity and economic circles?” the statement asked, calling for the probe of IBB in the $12.4b Gulf War oil swindle.