Former Vice President Atiku Abubakar has challenged President Bola Tinubu’s administration to investigate and prosecute him if there is credible evidence linking him to any wrongdoing in connection with the controversial $16 billion power sector expenditure.
Atiku made the challenge in a statement issued through his Senior Special Assistant on Public Communication, Phrank Shaibu, insisting that he was ready to face investigation and prosecution if a case could be established against him.
The former Vice President questioned why the allegations continued to resurface decades after he left office, arguing that successive governments had sufficient time and resources to investigate the matter if there was evidence of wrongdoing.
Atiku, who served as Vice President and chaired the National Council on Privatisation, said he did not oversee the implementation of the power projects, noting that responsibility rested with the relevant minister.
He also said the National Assembly had previously investigated the power projects but that he was never invited to respond to any allegations of wrongdoing.
“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,” Atiku said.
The African Democratic Congress (ADC) presidential candidate accused the Tinubu administration and its supporters of reviving the allegations to distract Nigerians from growing demands for accountability over funds saved following the removal of petrol subsidy.
According to him, Nigerians were told that ending the subsidy would free up substantial resources for development, but citizens were instead facing rising living costs and economic hardship.
Atiku questioned how the increased revenue generated from the removal of the subsidy was being managed, asking the government to account for the funds.
“Our question remains brutally simple: where is the people’s money?” he said.
The former Vice President also criticised what he described as a double standard in the government’s economic policies, accusing the administration of removing relief for ordinary Nigerians while maintaining fiscal incentives, waivers, tax credits and concessions for powerful economic interests.
Dismissing attacks against him, Atiku said attempts to revive old allegations would not stop him from demanding accountability and advocating policies aimed at improving the purchasing power of Nigerians.
He urged the Federal Government to either present evidence against him and commence prosecution or stop what he described as efforts to use old allegations as a distraction from pressing economic concerns.
“You removed the subsidy. You collected the savings. Where is the money?” Atiku queried.

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