This is for your information: How the PDP plans to raise money (Hint: Investments in oil and telecoms)

by Stanley Azuakola

The Peoples Democratic Party is by far the wealthiest party in Nigeria. The spending power of the party only lies in the realm of dreams for many others. If you thought that would make the PDP rest on its oars, then you thought wrong.

The party’s National Financial Secretary, Mr Bolaji Anani, has delivered a memo to the National Working Committee (NWC) of the Party, detailing strategies for investment and revenue generation.

In a memo entitled, “Revenue generations and investment,” addressed to the party’s national chairman, Dr Bamanga Tukur, Anani detailed the following:

  • That the party establishes an incorporated holding company which would “hold and negotiate the interest of the party in all investments and business arrangements.”

 

  • Through this holding company, the party would acquire oil and telecommunications licenses. He said that they “should be able to get the needed concession and operator’s license with some measure of ease.”

 

  • Of course, Anani believes that the venture should be properly structured with a “high degree of anonymity.” This means the party is expected to use fronts to further its interests. He said if this is achieved, the party can expect to earn reasonable short and long term returns.

 

  • The party would also invest in real estate and in the establishment of print and electronic media companies.

 

  • They would also raise “short, medium and long term loans from financial institutions to fund the party’s investments and programmes with minimum risk.”

 

  • Legislators are also expected to contribute an annual sum of N45m each, while the Senate president and House Speaker are expected to pay slightly more.

Now you know.

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Comments (2)

  1. Pingback: Conflict of interest? PDP to host INEC auditors with N13 million | Network9ja

  2. Everyday for the thief but one day for the owner. Revolution is imminense. Nobody know what will happy tommorow.

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