President Muhammadu Buhari has vowed to probe the $16 billion spent on failed power project by the administration of former President Olusegun Obasanjo.

He said his government would recover the money and expose those behind the scam.

President Buhari, who spoke on Tuesday in Yenagoa, the Bayelsa State capital, during the All Progressives Congress' presidential campaign rally, said he was unrelenting in his pursuit of those who looted Nigeria’s resources.

The President, who landed at the government helipad, was received by the Bayelsa State Governor, Seriake Dickson, before he proceeded to pay a courtesy call on the traditional rulers in the state.

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Addressing a crowd of supporters, Buhari said his administration, despite the daunting challenges, had been able to curtail the security issues in the North-East while the economy was on the way to becoming self-reliant.

Although he did not mention Obasanjo, Buhari said: “The previous government mentioned on their own that they spent $16 billion on power but you are better witnesses than myself.

"Where is the power? Where is the money? We will follow them, eventually God willing, we will catch them and get our money back.”

The Federal Government was reported to have spent $16 billion on power projects between 1999 and 2007 when Obasanjo was in government.

Dr. Obasanjo had become a critic of Buhari's administration, with series of letters written to the President, asking him to go home and rest for a new order to emerge in Nigeria. 

But Buhari has waved off those letters that had become infamous because of Obasanjo's 'sheer double-standing'.

Many have pointed out that his actions, prior to the emergence of President Buhari in 2015, gave some whooping boosts to Buhari and the APC in the election that truncated a second term bid of Goodluck Jonathan. 

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