PDP raises alarm over “whereabouts” of $1bn ECA Security fund

The Peoples Democratic Party (PDP) has raised an alarm over what the party describes as a shocking confession by the National Security Adviser (NSA), General Babagana Mongunu (rtd), that he is not aware of the whereabouts or disbursement of the one billion dollars drawn from the Excess Crude Account (ECA) by the Muhammadu Buhari Presidency in 2017 for security purposes.
PDP in a statement by its national publicity secretary, Kola Ologbondiyan, demanded that an immediate public explanation is obtained from President Muhammdu Buhari.
According to the opposition party, this “confession” by the NSA, who coordinates the security architecture of the nation, directly places a huge burden on President Buhari’s doorsteps.

PDP claims that the revelation by NSA further vindicates its initial alarm that the “All Progressives Congress (APC)-led administration is overtly corrupt, deceptive and unreliable in the handling the affairs” of the 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.
“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.
“This is especially as there are already allegations in the public space that certain funds meant for security were diverted for 2019 campaign activities of the APC while our troops languished in the front.
“Our party had always alerted Nigerians that the APC administration was insincere in the handling of the ECA fund leading to our demand in 2017 for the National Assembly to investigate the handling of the $1bn,” the PDP said.
The PDP restated its demand that President Buhari allows for a system-wide investigation into “the whereabouts of the $1bn, as well as the handling of other funds meant for security purposes under his watch”.