The front-page story of the Sunday Punch of April 19 alleging that the Presidency spent a whopping N2 trillion on the 2015 General elections, and that a Committee of Five has been set up by President Jonathan to conduct an audit of how the funds were disbursed by party members and state officials is mischievous, false and embarrassing.
The President has not set up any committee as alleged in that story. It is also not true that the Presidency and the Peoples Democratic Party used state funds, or spent N2 trillion during the campaigns. The innuendoes are wrong-headed; the motives behind the story are suspicious.
How much is the budget of the Federal Government of Nigeria? The annual budget of the Federal Government is a little over N4 trillion.
The story is practically suggesting that half of the federal budget was spent on elections. This kind of reckless insinuation is meant to incite the public and instigate national crisis.
With FAAC having to do everything possible every month to ensure disbursements and with the Federal Government heavily committed to the war against terror in the North East, where is the alleged N2 trillion from the Federal purse?