ACN Alleges Plot By PDP To Strangulate Its States Financially

By The Nation

Lai Mohammed

Lai Mohammed

THE ruling Peoples Democratic Party (PDP) may be risking the peoples’ revolt unless it drops the idea of mobilising financial institutions against states under the Action Congress of Nigeria (ACN), all in an attempt to arrest development in those states, the ACN has warned.

According to the ACN, the PDP is plotting to stifle development in states under its control.

Its National Publicity Secretary, Lai Mohammed, alleged that the PDP planned to manipulate the banks, including the Central Bank of Nigeria (CBN) and other financial institutions, against making funds available to the states upon request.

Mohammed said the PDP planned to achieve its aim by using a sustained campaign of blackmail and arm-twisting to make the institutions withdraw financial support to governments of the ACN-controlled states.

In a statement yesterday, the party accused the PDP of feeding Ministers of Finance and National Planning as well as the Director-General of the Debt Management Office (DMO), with wrong information on the financial status of the states.

The statement reads: “The party (ACN) can authoritatively reveal that the first phase of this plot is for the PDP to make available to the Ministers of Finance and National Planning and Director General of the Debt Management office false representation of the debt profiles of ACN states accompanied by wild and unsubstantiated allegations of financial recklessness and improprieties against ACN states for deliberation at the next meeting of the Federal Executive Council.

“The Federal Government will then enlist the support of the Central Bank Governor who will table the contrived damning indictment before the Bankers Committee who in turn will unsuspectingly withdraw their financial support from all ACN states.

“But the Peoples Democratic Party-led Federal Government will not stop at this. It will thereafter manipulate its appointees at the Nigerian Stock Exchange, the Securities and Exchange Commission and other relevant regulatory authorities to block the ACN states access to the capital market even as the same Federal Government itself had resorted to the same Capital Market to fund its own deficit budget, the party said.

“The party recalled that the Peoples Democratic Party when it had no answer to Lagos State’s unprecedented developmental successes under the administration of Asiwaju Bola Ahmed Tinubu employed this same devious plot and would have succeeded in arresting the phenomenal success of that administration but for the financial ingenuity and resourcefulness of the former governor.

“The recent unrelenting and sustained smear campaign against the ACN governors by the do nothing Peoples Democratic Party is nothing but a prelude to this grand conspiracy to financially cripple all ACN states.

“Rather than emulate the giant strides of the ACN states especially in the areas of security, youth employment, infrastructural development etc, and make life more meaningful and bearable for the millions of citizens under its watch, the Peoples Democratic Party has true to character resorted to this evil plan to stunt the growth of the ACN states and condemn the people of these states to a life of misery, poverty, chaos and hardship as is the norm in almost all PDP led states, the party noted.

“The Peoples Democratic Party-led Federal Government is advised however to immediately retrace its steps otherwise it will face a people’s revolt and anger the like of which it has never witnessed as the citizens of all ACN -ed states will rise with one voice to resist with all means at their disposal any attempt by the clueless PDP -led Federal Government to truncate the unprecedented era of peace, progress and development currently being enjoyed in these states after the locust years of the PDP.”

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