Presidency responds to PDP’s claims; explains spending on 1bn dollars security fund.


The Presidency of Nigeria has responded to the allegations raised by the PDP regarding the sum of 1bn dollars from the Excess Crude Account (ACA).


The opposition claimed that the amount was used by the APC to fund the Muhammadu Buhari administration on the 2019 general elections.


In a statement released by the PDP on Sunday, the president, Muhamadu Buhari was asked to explain to Nigerians what his administration had done with one billion dollars drawn from the ECA in 2017 meant to address the nation’s security challenges.


In response, Mallam Garba Shehu the senior special assistant to the president on Media and Publicity called the accusations unverifiable and claim the opposition was suffering from socio emotional distress.

He released a statement saying PDP” thinks that all governments in the world run on the basis of freewheeling looting as they did their own.

“ Here is what happened to that 1 billion dollars.

”It’s on record that the Buhari administration paid about 490 million dollars for a dozen Super Tucano fighter aircraft in a direct, government-to-government (no Contractors or Commission Agents) transaction with the government of the United States.

”Various other military procurements have been made. The balance of expenditure stands at about 880 million dollars or so.

”The PDP spent Defence procurement funds on their failed 2015 political campaigns as proven in court.

”That is not to say every succeeding government, more so one led by a Buhari will do the same.”

He confirmed that barring considerations of national security, the details of the stage of implementation, the procurements made and the suppliers will be obtained and made available on Monday.


Credit: Guardian Ng

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