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FG: Once Atiku returns, he has questions to answer over N156m slush funds leading to collapse of Bank PHB

Ibrahim Ahmadu by Ibrahim Ahmadu
January 18, 2019
in Breaking News, News
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Alhaji Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), has questions to answer over slush funds that led to the collapse of former Bank PHB.

Minister of Information and Culture, Alhaji Lai Mohammed, who briefed State House correspondents on Friday in Abuja, said Abubakar would offer explanations to Nigerians once he returned from his trip to the US.

Abubakar’s media aide, Mr Paul Ibe, had on Thursday, in a statement, confirmed that  Abubakar had travelled to  U.S.

Mohammed recalled that he advised the U.S. government against issuing visa to Abubakar.

However, he said  it  remains the prerogative of the U.S. government to issue visa to anyone it deems fit.

“Let me say right away  we are not perturbed one bit that Alhaji Atiku Abukakar was able to secure visa to the US; as a matter of fact, he can go ahead and get the US Green Card. That will not save him from imminent defeat in the forthcoming election.

“I want to remind Abubakar that the elections will be right here in Nigeria and not in the US.

“In any event, any time Abubakar returns home, he has questions to answer following the fresh evidence that we have that he benefitted from slush funds that led to the collapse of the former Bank PHB.

“The document we have shows that he benefitted to the tune of N156 million from that slush fund.”

FG: Once Atiku returns to Nigeria, he has questions to answer over N156m slush funds that led to collapse of Bank PHB
Atiku Abubakar in U.S.

Mohammed said that the  paper which is in his possession  started from an internal memo on  January 13, 2009,  which reads, “please refer for discussion your requested overdraft in favour of Atiku Abubakar for N156 million and deliver same to me.

“Please note that it must be delivered today (January 13). On the same date, another memo was generated to confirm—please confirm that the amount stated below be issued from Claremont Management Services account.”

He said there was clear evidence of the account mandate in the name of Atiku Abubakar.

“We also have a copy of the Cheque in which the sum of N156 million was issued to Atiku Abubakar dated January 13, 2009 and, of course, we also have statement of account within that period that confirms that this sum was actually paid into his account,’’ he said.

According to him, there is fresh evidence as to Abubakar’s involvement in the collapse of Bank PHB, which he owes the electorate and Nigerians explanation

Abubakar recently alleged President Muhammadu  Buhari’s family members co-own Etisalat Nigeria, Keystone Bank formerly Bank PHB.

Tags: FG: Once Atiku returns to Nigeria he has questions to answer over N156m slush funds that led to collapse of Bank PHB
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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.