Last week, the entire political structure of the Peoples Democratic Party (PDP) in what has been tagged political tsunami dissolved into the All Progressives Congress (APC) because, in the words of Sheriff Oborevwori, the Delta State governor, “the drinking pattern needed to change as a result of changes in the taste of the palm wine”.

To observers of Nigerian politics that have watched the descent of ‘PDP family feud over the sharing of our resources” into war of attrition, the development sounded the death knell of the PDP.

To PDP enablers and self-proclaiming crusaders of democracy however, the development constitutes a threat to survival of democracy which is believed to thrive better within multi-party system. But from their chat with Chief Bode George, anchored by Reuben Abati of Arise TV and his crew and with Dele Momodu by Channel TV’s Seun Okinbaloye however, death of PDP spells doom for our democracy and should that happen, the president and his APC should be held responsible.

The truth is that PDP is not a political party in spite of its media enablers’ efforts to cloak it in borrowed robes of political party. John Campbell, a former American ambassador to Nigeria had during proceedings at a hearing on the topic: Nigeria In Turmoil on March 19, 2010 described PDP as “an elite cartel at the centre of power in Nigeria… a political party that came together with no ideological or programmatic basis, but simply as essentially a club of elites for sharing of oil rents and political spoils”.

That thesis has been validated several times over.

The first act of betrayal of Nigeria by PDP National Assembly members who publicly expressed the eagerness to recoup their election expenses having sold houses to prosecute the election was the passage of Petroleum Products Pricing Regulatory Agency (PPPRA) Bill within three months. With that, the number of fuel importers went from four major oil companies to over a hundred. The new outfit which merely duplicated the functions Ministry of Petroleum Resources became an instrument by which PDP stalwarts and their children defrauded the nation to the tune of about NI.7 trillion “without importing a pint of fuel” according to Audu Ogbe, the then PDP chairman.

Then President Obasanjo and his PDP in the name of privatization between 1999-2014 sold off most of Nigerian public enterprises estimated at over $100b for a paltry $1.5b to their members or their fronts. It was on account of this the 7th Senate report of November 30, 2011 directed the National Council on Privatization to:

 “Rescind the sale of Abuja International Hotels Limited (Nicon Luxury Hotel) as well as Sheraton Hotel and Towers;  that the sales of assets of Daily Times Nigeria PLC  by Folio Communications Limited and its directors  be investigated by anti-graft agencies and the sold assets recovered; that the Share Purchase Agreement of Volkswagen Nigeria Limited now (VON)  be rescinded and the Economic and Financial Crimes Commission (EFCC) to investigate the economic crimes being perpetrated against the nation at VON Automobile Nigeria Limited premises in Lagos by Barbedos Ventures Limited; that NICON Insurance PLC  should immediately refund with interest, the sum of N900 million to the Federal Government being money paid by BPE in February 2007 as contribution for recapitalization with accrued interest; that Nigeria Re-insurance PLC  should immediately refund the sum of N1 billion paid by BPE in February 2007 as contribution of the Federal Government for recapitalization with accrued interest and that  the former Directors-General, Nasir el-Rufai,  Julius Bala and  Irene Nkechi Chigbue should be reprimanded by the National Council on Privatization”.

The privatization of the power sector was not different. After an injection of between $8.2-$15b of taxpayers’ money by the federal government, 15 companies made up of 10 Distribution Companies (DISCOs) and five Generation Companies (GENCOs)  paid $2.238b to take over 60% of unbundled PHCN in August 2013. President Jonathan on the occasion assured Nigerians that his administration will ensure that “Nigerians enjoy a minimum of 18 hours of electricity supply a day”.

Speaking on this betrayal of Nigeria, Bola Tinubu, during   the 11th Bola Tinubu Colloquium had said, “The PDP administration shared our generation, distribution and transmission to their friends and cronies without very deep and thoughtful research and evaluation. It has now become pork chops. He therefore  suggested  that “for a more constructive reform to improve generation, transmission and distribution, this privatization must be reviewed by putting experts together at all costs”, without prejudice to the legal implications.

PDP members that always regard themselves as family members are tarred with the same brush. Obasanjo who chased Diepreye Alamieyeseigha from Germany to London from where he escaped to Nigeria, dressed as a woman for defrauding his Bayelsa State; Obasanjo who ensured 17 of PDP and ANPP 24 governors between 1999 and 2007 were dragged by EFCC to court for financial malfeasance; Obasanjo who described National Assembly members  as “pen robbers”  for budget padding, arm-twisted governors and government contractors to collect N7 billion to build a personal presidential library while the national library he initiated in 2006 is still under construction 20 years after.

His godson, President Goodluck Jonathan, taking after his footsteps also secured N7 billion from serving governors and government contractors to build a church and recreation centre in his native Otueke village. Atiku Abubakar, Obasanjo’s vice president was indicted for his role in the privatization programme forcing Obasanjo to declare: “If I support Atiku for anything, God will not forgive me. If I do not know, yes. But once I know, Atiku can never enjoy my support.”

Dimeji Bankole, a former speaker of the House of Representatives was accused of immorally purchasing his official house while David Mark, the former senate president in “2011 purchased the official residence of the senate president, built on 1.6 hectares of land, a national monument that was not meant to be acquired by an individual and was never reflected in the federal government’s gazette as required”.

Bukola Saraki, another PDP leading light, was the whistle blower in the PDP N1.6trillion fuel subsidy scandal. In anger, he joined other disgruntled PDP members to pull down PDP for alleging the company in which he had interest was involved in the fuel subsidy scandal. In APC, Saraki confessed to literarily stealing the senate presidency by ceding the control of the senate with 60 APC majorities to PDP with 49 senators. He also traded off the deputy senate president’s position which by convention belongs to the ruling party with a majority, to Ekwerenmadu of PDP.

Prof Itse Sagay, a renowned constitutional lawyer had back then described Saraki’s victory as “a victory for impunity, a victory for fraud and a victory for political desperation and indiscipline. Similarly his victory was dismissed by Anwalu Yadudu, former Dean Faculty of Law, Bayero University as ‘lies in the face of democratic ideals, having stemmed from ‘a flawed election by a fraction of yet to be constituted senate”.

Nearly all the leading lights of PDP allegedly partook in the sharing of $2.4 billion loan for military wares and welfares. While Dazuki’s account’s officer reportedly claimed his boss asked him to get $11M from the CBN, Dasuki’ was widely quoted as saying the president asked to change N10b dollars to be shared to delegates.

Other PDP partakers according to EFCC include Iyorchia Ayu, Bode George, Attahiru Bafarawa, Raymond Dokpesi, Peter Odili, Jim Nwobodo and N950m shared in Shekarau’s house. Aziboala, GEJ’s cousin allegedly received N6 billion, Nenadi Usman N3.5 billion; Ayodele Fayose N3 billion and Musiliu Obanikoro, N4 billion. Tony Anenih – N400 million; Olisa Metuh took N400 million, Jolly Nyame- N2.4 billion and Joshua Dariye -N700 million etc.

Prof Chukwuma Soludo told Nigerians that “Over N30 trillion is mismanaged, unaccounted for or missing under Jonathan” while Obi Ekwesili, Obasanjo’s education minister lamented that “Our reserve is depleted and our savings are squandered. Our nation is in trouble.”

The greatest tragedy that can befall a nation, according to Wole Soyinka, the conscience of the nation, “is for her citizens to suffer collective amnesia”.  PDP and its media enablers believe Nigerians have short memories,

They also think we are incapable of drawing a parallel between massive defrauding of the nation in the years of the locust and the ‘japa’ syndrome which has taken thousands of our jobless youths into second slavery in Europe and America.

I am not sure Nigerians, earnestly awaiting PDP rites of passage will shed tears for PDP who, while in power, fought over sharing of our resources and properties kept in their care for our children and out of power, are today engaged in war of attrition over who, out of established fraudsters, should lead the next assault on Nigeria.