Former President Olusegun Obasanjo made a new revelation on
Tuesday said his administration probed the accounts of the Petroleum
Trust Fund headed by the All Progressives Congress presidential
candidate, Maj. Gen. Muhammadu Buhari (retd.) and found nothing
unpleasant.
Buhari headed the PTF, inaugurated in
March 1995, under the regime of the late dictator, Gen. Sani Abacha. The
PTF was established to manage the fund accruable from the increase in
the pump price of Premium Motor Spirit, otherwise know as petrol, from
N3.25 to N11.
The PTF was scrapped by Obasanjo on
assumption of the Presidency in 1999. The ex-President also set up a
committee to investigate the accounts of the PTF following allegations
of N25bn fraud in the agency.