HomePay Back Time, President...

Pay Back Time, President Jonathan Demands N2trn Election Funds Refund, Audit [Report]

Following the defeat suffered by President Goodluck Jonathan and his party, the Peoples Democratic Party, during the March 28 and April 11 elections, the President has asked the party and government officials who handled campaign funds to refund monies not spent, or those not judiciously expended, SUNDAY PUNCH can authoritatively report.

Jonathan, credible sources said, has also set up a committee of five to get those with the funds to return them.

Sources within the party and government told our correspondents that President Jonathan was disturbed that despite giving campaign coordinators, ministers, special advisers, close aides and friends, support groups and traditional rulers over N2trn in cash, most of them could not deliver their polling booths and local governments.

The President was said to have been further irked by the results of an investigation he ordered. The probe showed that some coordinators used campaign funds to buy very expensive properties, especially in Abuja, and luxury cars. Some of the funds have also been traced to the bank accounts of senior party and government officials who were charged with the disbursement of funds to voters and groups.

A reliable source within the Presidency told our correspondents that one of the President, who recently admitted to a few close aides that it would be difficult to retrieve all the funds, was bent on getting senior party and government officials who received funds to account for all monies collected.

The source who is a close associate of the president said monies given to traditional rulers in different parts of the country, for example, would not be demanded for. But the source was quick to add that the President was determined to get his ministers, close aides and special advisers to make refunds.

He said, “Some ministers did not get less than N20bn each. None of them can deny it because this fact isn’t hidden within government circles. The only problem with such monies is that there is no receipt to show that they collected money. The sad part is that almost all of them performed woefully. Even in the states where the PDP won, some ministers could not deliver 100,000 votes. They could not mobilise their people to come out. The President is not happy. They all went property and car shopping. This was the most expensive election in the history of this country, yet there was no result.

“The sad part was that even after the President lost on March 28, more money was given to all of them to make up for the dismal outing by winning their states during the April 11 elections. But that turned out to be a bad decision because apart from losing the governorship election, we didn’t perform well at the National Assembly and House of Representatives polls.

“They must give an account of the money since they didn’t use it for the election. The President is not particular about the funds spent on genuine campaign needs like the hiring of jets, advertisements and the rest that also cost billions of naira. His focus is on the individuals that collected billions to deliver their states but couldn’t even win their polling booths.”

Our correspondents gathered that apart from the N20bn given to some key ministers and senior special advisers, especially in states where the PDP hoped to capture from the opposition All Progressives Congress, some pro-Jonathan support groups received about N16bn.

A former legislator who was to print five million recharge cards, T-shirts and base ball caps has also come under pressure to account for the billions she received because only a few people got the items she was paid to produce. Also, a top female politician in Lagos who got a contract to produce and supply thousands of mobile phones with pro-Jonathan messages was said to have produced just a few and pocketed most of the funds.

It was learnt that the funds Jonathan released were disbursed in three phases. Some were released before the March 28 elections, others on the day of the presidential election and more before the April 11 governorship polls.

Already, the committee of five has started asking some of the campaign coordinators and ministers who received a minimum of N20bn each to give an account and also refund residual funds where applicable.

However, our correspondents learnt that most of the people who received the funds had not cooperated with the committee. While some have not been forthcoming, others have simply ignored the committee.

Jonathan is said to be particularly focusing on the South-West and northern states.

In Lagos, a popular PDP chieftain who lost in his polling booth reportedly received $50m in cash a few days before the governorship elections.

A senior PDP party member who spoke to one of our correspondents in Lagos over the weekend confirmed the cash splurge in Lagos.

The source said, “Lagos was a show of shame. A few days to the governorship poll, about $150m was received in cash by about five top campaign coordinators. But they failed again, even more than we did in the presidential poll because we lost some areas we won on March 28 to the APC on April 11. They were to share this money to the local governments and the masses.

“Please understand me, I am saying that the sum of $150m was just for the governorship election in Lagos. We are not talking about the sums they got for the presidential election. Only one out of the five people that shared the money gave some of it to local government chairmen. This person disbursed about N2bn. The rest of them sat on the money.

“The coordinator that collected the sum of $50m later went to a Federal Government agency and complained of not having enough funds for the election and got an additional $20m. The story is the same in almost all the South-West especially Oyo, Osun, and the northern states. A female minister from the North, who got the highest amount of funds for that region, lost her state in a shameful manner.”

Confirming that campaign directors in different parts of the country had been asked for an audit, the PDP Campaign Director in Akwa Ibom, Mr. Idongesit Nkanga, said the instruction was not new.

He stated that the PDP’s campaign organisation in the state had concluded its audit.

“It is the normal thing. It is the right thing to do for transparency’s sake,” he said.

Nkanga said he would not be able to comment on the refund because he did not collect money from anyone.

According to him, the PDP’s campaign organisation in Akwa Ibom State received a letter for an audit from the PDP campaign headquarters.

He explained that “because the letter emanated from the national headquarters of the party, they were under obligation to submit the audit report about the campaign’s expenditure to them.”

He maintained that at the campaign headquarters, some of the information was available, adding that he would not be able to give SUNDAY PUNCH accurate details offhand to avoid possible conflict in the figures.

Asked what sanctions would be meted out to defaulters, Nkanga said they might be prosecuted.

However, our correspondent reports that prosecution, while not impossible, may be difficult as most of the monies disbursed were not receipted.

Contacted, the national leadership of the ruling PDP said it did not know anything about the money spent on its presidential campaign.

National Publicity Secretary of the party, Mr. Olisa Metuh, stated this in an interview with one of our correspondents in Abuja on Saturday.

Metuh said only those put in charge of the funds were in a position to account for the monies.

He said, “The national leadership of the PDP is not aware of any campaign fund. We were not part of it and therefore we can’t be asked to account for what we didn’t know anything about.

“There was a campaign committee and only the committee is in the position to account for any fund.”

Efforts made to speak with the Director-General of the PDP Presidential Campaign Organisation, Sen. Ahmadu Ali were unsuccessful.

Ali, a former national chairman of the party, did not pick his call and also failed to respond to a text message sent to him.

Similarly, efforts to get the Presidency’s reaction did not yield any result as calls made to the telephone line of the presidential spokesman, Reuben Abati, as at 10.30pm did not connect.

- A word from our sponsors -

spot_img

Most Popular

1 COMMENT

  1. With all dis huge millions,yet Corp members where paid peanuts for their service…pls press do an investigation into the right amount corpers should have earned, cos as it stands,corruption hav entered n they are being short payed.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical...

- A word from our sponsors -

spot_img

Read Now

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...

Power shortages weaken Nigeria’s business activity 

Nigeria’s business environment continued to expand in March 2026 but slowed as rising input costs and power supply deficits weighed on performance, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report indicates that the Current Business Performance Index declined...