Obasanjo Says Jonathan Squandered $55 Bn Oil Savings He, Yar’Adua Built

Former President Olusegun Obasanjo has again launched a public attack on President Goodluck Jonathan, accusing him of squandering $25billion crude oil savings left behind by his administration.

Mr. Obasanjo made the allegation while hosting the South-West women leaders at his residence in Abeokuta Monday.
He said his administration left over $25 billion to his successor, Musa Yar’adua, who raised the sum to $35 billion.

Mr. Obasanjo said he also left $40billion in Nigeria’s foreign reserve account after paying the outstanding debt at the time.

He said former President Yar’adua also raised the reserves to $60billion.

Under President Jonathan, the reserves has plummeted to $40billion, Mr. Obasanjo said.

The new claims followed a series of public denunciation of Mr. Jonathan’s government by the former president.

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