Explain whereabouts of $1bn ECA security fund, PDP urges Buhari

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The main opposition Peoples Democratic Party of Nigeria has called on the Federal Government to explain the whereabouts of an allegedly missing $1bn from the Excess Crude Account security fund.

“The Peoples Democratic Party of Nigeria draws the attention of Nigerians to the shocking confession by the National Security Adviser, Gen. Babagana Mongunu , that he is not aware of the whereabouts or disbursement of the $1bn drawn from the Excess Crude Account by the Muhammadu Buhari Presidency in 2017 for security purposes.

“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. “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.

 

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