PDP raises alarm over $1bn ECA fund

The Peoples Democratic Party () has called the attention of Nigerians to a statement credited to the National Security Adviser (NSA), Gen. Babagana Mongunu (rtd) that he is not aware of the whereabouts or the disbursement of the $1bn drawn from the Excess Crude Account (ECA) by the Muhammadu in 2017 for security purposes.

in a statement issued by his National Publicity Secretary, Kola Olognondiyan, Sunday claimed the confession by the NSA, who coordinates the security architecture of the nation directly, places a huge burden on President โ€™s doorsteps over alleged diversion of funds meant for security, while insurgency, banditry, killings, and kidnapping fester in the land under his watch.

The statement read in part, “The revelation by NSA further vindicates the on our initial alarm that the All Progressives Congress ()-led is overtly corrupt, deceptive and unreliable in the handling the of our nation.

“It further validates the stance of the that agents of the   and the 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 Gen. Mongunuโ€™s confession, Nigerians further see why our nation  is daily confronted with disturbing videos and reports of our fighting  protesting their neglect and inadequate equipping, leading to their vulnerability in the fronts”.

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