The presidency yesterday explained how the $1billion withdrawn from the Excess Crude Account (ECA) for the procurement of sundry hardware for the nation’s military was spent. The withdrawal was authorised by the National Economic Council (NEC).
The explanation came barely 24 hours after the Peoples Democratic Party (PDP) charged President Muhammadu Buhari to explain to Nigerians how the $1 billion allegedly disappeared from the ECA.
In a statement by its National Publicity Secretary, Kola Ologbondiyan, the PDP drew the attention of Nigerians to “the shocking confession by the National Security Adviser (NSA), Gen. Babagana Mongunu (rtd) that he was not aware of the whereabouts or disbursement of the $1billion drawn from the ECA by the Buhari presidency in 2017 for security purposes.”
The party said the confession by the NSA, who coordinates the security architecture of the nation, directly placed a huge burden on President Buhari’s doorsteps over reported stealing and diversion of funds meant for security, while insurgency, banditry, killings and kidnapping festered in the land on his watch.
But reacting to the allegations in a statement made available to The Guardian by Senior Special Assistant on Media and Publicity, Garba Shehu yesterday, the presidency said various procurements had been made for the purchase of critical equipment for the Nigerian Army, the Nigerian Navy and the Air Force, contrary to the allegation by the PDP.
The presidency said:
According to the presidency, the money was domiciled in the Central Bank of Nigeria, and to date,
The presidency lamented that the PDP made so much of a report claiming that the NSA declared the entire amount as missing.
The presidency said.
The PDP deferred comment as Ologbondiyan told The Guardian when contacted: “Don’t mind them, we will react formally and appropriately tomorrow.”
When pressed further to speak on APC’s comment that the NSA wouldn’t have said what the opposition claimed in its statement, he said: “Allow our initial statement to sink first in the minds of Nigerians and we will follow it up with some other revelations.”