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  • News - North Central - FCT
  • Updated: November 14, 2023

Buhari's regime looted Nigeria into bankruptcy, left nothing for current administration — Ribadu

Buhari's regime looted Nigeria into bankruptcy, left nothing

The National Security Adviser, Nuhu Ribadu has slammed Muhammadu Buhari's administration, claiming it left Nigeria bankrupt before ceding office while leaving no money for Tinubu's administration to run the country. 

Ribadu made the remarks in Abuja during the Chief of Defence Intelligence Annual Conference 2023, which had the topic "Leveraging Defence Diplomacy and Effective Regional Collaboration for Enhanced National Security."

The previous chairman of the Economic and Financial Crimes Commission, on the other hand, pledged that the financial mess would not influence budgetary allocations and that everything would be done to improve the country's robust and sustainable defence management and apparatus.

"I assure you that despite enormous budgetary constraints, the Federal Government will not rest on its laurels in ensuring a robust and viable defence management and security apparatus to address contemporary challenges. 

"Yes, we have fiscal limits. It is OK for me to inform you. Okay, you should know that we inherited a tough position, essentially a bankrupt country with no money, to the point where we can claim that all of the money we're getting today is being used to pay back what was taken. It is serious. 

"But this administration is doing its best to meet our requirements, particularly the armed forces, and I believe that you leaders will be able to testify to that," Ribadu assured. 

The conference was attended by the Minister of Defence, Abubakar Badaru, the Minister of State, Bello Matawalle, the Permanent Secretary in the Ministry of Defence, Ibrahim Kana, the Chief of Defence Staff, and other military leaders.

According to People Gazette, the NSA's remark about the present administration inheriting a financially troubled country came after President Bola Tinubu spent more than $500,000 on a five-day visit to a fancy hotel in New York in September.

The president is also seeking N13.5 billion ($16.2 million) to be spent on renovating his official mansions in Abuja and Lagos, where he already owns a palace but seldom uses as President.

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