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Presidency Clears Air On Funds Wired To Buhari By Ogun Govt



The Presidency has reacted to report that Ogun State government during administration of Ibikunle Amosun wired some funds to President Muhammadu Buhari from the state treasury.

An online media outfit, Peoples Gazette, in its investigation cited bank documents showing that Ogun state government wired ₦12.5 million to one PMB estate. PMB is an acronym for president Muhammadu Buhari.

Reacting to the report, Garba Shehu, spokesman of President Muhammadu Buhari, said the fund wired to PMB estate has nothing to do with the president.

In a statement on Friday, Shehu said Buhari doesn’t own any property of such, noting that the only link the president has with the said estate is the fact that it is named after him

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Garba added that a document on the transaction is being circulated to dent Buhari’s personality.

He explained that the PMB estate is a large housing scheme in Abeokuta, which was inaugurated by the president but owned by the Ogun state government.

“Fake news industry at work. A certain document showing the transfer of N12,500,000 from the Coffers of the Ogun State to a “PMB Estate” is being circulated to tarnish the image of President Muhammadu Buhari,” he said.

“The President Muhammadu Buhari (PMB) Estate is a large housing scheme in Abeokuta, the Ogun State capital. It was commissioned by President Buhari in the course of a State visit.”

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“PMB Estate is owned by the Ogun State government, which honoured the President by naming it after him of cause that does not confer the ownership of the Estate to President Buhari.”

Shehu said the president is a reliable and relentless anti-corruption crusader, calling on the public to disregard reports that Buhari is the beneficiary of the transfer.

“The gossipy online newspaper, peddling the falsehood that the President, Muhammadu Buhari, the tried and tested anti-corruption fighter is the beneficiary of this cash transfer should be ignored,” he said.

“Before his election as civilian President, Muhammadu Buhari was a military pensioner and had never registered a company in his name or that of a proxy.”


He added the the president has never registered a company in his name.

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According to Shehu, the official who posted the clarification of payment voucher on Twitter confirmed that the payment was made from the Ogun state revenue account to the account.

“To set the record straight, we spoke with the official who posted the clarification of the payment voucher on Twitter. He worked with the Governor Amosun administration,” he wrote.

“He confirmed that the payment was made from the Ogun State Revenue Account to The PMB Estate Account for some work done on the Estate. Absolutely nothing to do with President Muhammadu Buhari.”


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