Thursday, August 27, 2026 -Former Vice President Atiku Abubakar has challenged President Bola Tinubu administration to investigate and prosecute him if it has evidence linking him to any wrongdoing in the controversial $16 billion power sector expenditure.
Atiku said there was no reason for the allegations to
continue resurfacing decades after he left office if successive governments had
genuine evidence against him.
He made the remarks in a statement issued on Wednesday by
his Senior Special Assistant on Public Communication, Phrank Shaibu.
The former Vice President accused the Tinubu administration
and its supporters of reviving old allegations as a distraction from growing
demands for accountability over the funds saved from the removal of petrol
subsidy.
Atiku said the National Assembly had previously investigated
the power projects but that he was never invited to respond to any allegation
of wrongdoing.
“I chaired the National Council on Privatisation as Vice
President, but I did not oversee the implementation of the power projects. The
responsible minister did,” Atiku said.
He added that the same situation applied to the Aluminium
Smelter matter.
The presidential candidate of the African Democratic
Congress (ADC) said he had repeatedly asked to be investigated if there were
credible allegations against him.
He said he remained ready to face investigation and
prosecution if the government could produce evidence against him.
“It is still not too late. Investigate me. Invite me.
Produce the evidence. Prosecute me if you have a case. But propaganda cannot
substitute for evidence,” he said.
The former Vice President also accused the government of
using the renewed allegations to divert attention from the economic hardship
Nigerians have faced following the removal of petrol subsidy.
He said Nigerians were told that ending the subsidy would
free up funds for development, but argued that citizens were instead facing
higher costs of living.
He also questioned how the increased government revenue from
the subsidy removal was being managed.
“So, our question remains brutally simple: where is the
people’s money?” Atiku asked.
He questioned the continued use of fiscal incentives,
waivers, tax credits and concessions for powerful economic interests.
Atiku accused the administration of applying what he
described as a double standard by removing what he considered relief for poor
Nigerians while defending interventions for powerful economic interests as
incentives.
He also dismissed social media attacks against him, saying
such efforts would not stop him from demanding accountability from the
government or advocating policies aimed at improving Nigerians’ purchasing
power.
“The people who removed subsidy from the poor cannot
frighten us into silence by resurrecting allegations that governments with all
the investigative machinery of the Nigerian state have had nearly two decades
to establish,” he said.
Atiku urged the government to either present evidence
against him and prosecute him or stop what he described as attempts to
manufacture distractions.
“You removed the subsidy. You collected the savings. Where is the money?” he queried.

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