N5.8bn ‘illegal approval’ – Osinbajo given 7 days to resign.

Timi Frank, former deputy spokesman of the All Progressives Congress (APC), has asked Vice-President Yemi Osinbajo to resign.

In a statement on Monday, Frank said the vice-president is unfit to continue in office over his approval of N5.8 billion for National Emergency Management Agency (NEMA).

Osinbajo gave the approval when he was the acting president. The money was meant for the north-east intervention fund.

Last week, the house of representatives, said the approval was illegal because Osinbajo did not consult the national assembly.

The lawmakers also called for dismissal of Mustapha Maihaja, director-general of NEMA, over alleged fraud.

Frank asked the national assembly to act in line with its constitutional mandate to check the executive.

“It is safe to say that the present administration is the worst so far in terms of corruption and circumvention of due process laws in the nation’s democratic history,” he said.

“As a learned gentleman, Osinbajo cannot say he did not know that it is illegal for any government official to spend funds not appropriated by the national assembly.

“He should have known that it is intrinsically illegal for anybody to divert funds raised through the issuance of Euro Bond – approved by the national assembly for specific capital projects – to fund his ‘emergency intervention.’

“What is most telling is that it now appears that the VP used his brief stay as Acting President to open up the nation’s coffers for fleecing in this manner with the approval of the N5.8billion to be disbursed from the Eurobond account and another N17 billion he caused to be released from the Ecological Fund.

“These acts of financial recklessness are most unbecoming of a person of the vice-president’s standing. He has a lot of explanations to render to his principal – who was on medical vacation at the time – and to Nigerians – whose trust has been rudely shaken by this stinking corruption affair.

“Being a man who enjoys immunity by reason of his office, I call on him to immediately resign his position to enable him appear before the anti-corruption agencies to state his involvement or otherwise in the scam.

“To hide under the toga of vice-president and not face prosecution alongside other NEMA officials indicted by the house of representatives report on the investigation would amount to a travesty of justice and the selectiveness that has unduly characterised the war against corruption since the inception of the present administration.

“I give the VP seven days to resign his position to enable him face the Economic and Financial Crimes Commission – like ex-governor Ayodele Fayose did recently – to clear his name.

“Should he fail to heed my humble appeal, I shall have no choice but to commence the process of making available to the public other corruption related information concerning the vice-president that will most certainly shock Nigerians.”

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