PDP raises alarm over $1bn ECA fund

The Peoples Democratic Party (PDP) 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 Buhari presidency in 2017 for security purposes.

PDP 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 Buhari’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 PDP on our initial alarm that the All Progressives Congress (APC)-led administration is overtly corrupt, deceptive and unreliable in the handling the affairs of our nation.

“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 Gen. Mongunu’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”.

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