One billion dollars ECA fund: PDP raises alarm following NSA’s ‘confession’

One billion dollars ECA fund: PDP raises alarm following NSA’s ‘confession’

- The PDP has cried out over the whereabouts of the $1bn ECA fund withdrawn by President Buhari for security purposes in 2017

- Following a statement by the NSA, the opposition party demanded for an immediate public explanation from the president

- According to the party, the burden lies squarely on Buhari to immediately address the nation on how the money was handled

- The PDP is demanding that the president allows for a system-wide investigation into the whereabouts of the money

The Peoples Democratic Party (PDP) has cried out over the admission by the national security adviser, General Babagana Mongunu (rtd), that he’s unaware of the whereabouts or disbursement of the one billion dollars drawn for security purposes by the Muhammadu Buhari presidency in 2017 from the Excess Crude Account (ECA).

In a statement released by its national publicity secretary, Kola Ologbondiyan, the opposition party described the utterance as a shocking confession.

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Legit.ng gathers that the PDP demanded for an immediate public explanation from President Muhammadu Buhari.

The party said a huge burden had been placed on the president’s doorsteps as a result of the confession of the NSA who coordinates the nation’s security architecture.

According to the PDP, Monguno’s revelation further vindicates its initial alarm that the “All Progressives Congress (APC)-led administration is overtly corrupt, deceptive and unreliable in the handling the affairs” of the nation.

The statement went further: “It further validates the stance of the PDP that agents of the Buhari presidency and the APC were hiding under the guise of security to siphon the $1bn from the ECA.

“This, perhaps, informed the desperation by the cabal to draw from the account without recourse to statutory due process of appropriation by the National Assembly.

“From General Monguno’s confession, Nigerians can further see why our nation is daily confronted with disturbing videos and reports of our fighting troops protesting their neglect and inadequate equipping, leading to their vulnerability in the fronts.

“Now that the national security adviser has declared that he is not aware of the whereabouts of funds, the burden, straightaway, lies squarely on President Muhammadu Buhari to immediately address the nation on how the money was handled.

“This is especially as there are already allegations in the public space that certain funds meant for security were diverted for 2019 campaign activities of the APC while our troops languished in the front."

The party pointed out that it had always alerted Nigerians that the APC administration was insincere in the handling of the ECA fund. It said this was what led to its demand in 2017 for the National Assembly to investigate the handling of the $1bn.

The PDP demanded that the president allows for a system-wide investigation into “the whereabouts of the $1bn, as well as the handling of other funds meant for security purposes under his watch”.

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Recall that Legit.ng previously reported that the Nigerian Army said it was yet to get the $1 billion approved to tackle terrorism and other security issues in the country.

The National Economic Council (NEC) in 2017 approved the request of the Muhammadu Buhari-led government to withdraw $1 billion from the Excess Crude Account (ECA) for the fight against insurgency.

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Source: Legit

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