How we spent $1bn ECA fund – Presidency Published July 21, 2019

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Senior Special Assistant to the President on Media & Publicity, Garba Shehu
The Presidency has dismissed Peoples Democratic Party’ s allegation that the one billion dollars drawn from the Excess Crude Account was spent by the Muhammadu Buhari administration on the 2019 general elections .

The Peoples Democratic Party in a statement on Sunday asked Buhari to explain to Nigerians what his administration had done with one billion dollars drawn from the ECA in 2017 and meant to address the nation ’ s security challenges.

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The amount was approved by the National Economic Council in December 2017 , to be used to purchase weapons to fight insurgency across the country .
However , Malam Garba Shehu , the President ’ s Senior Special Assistant on Media and Publicity, in a statement in Abuja on Sunday , said “ this unverifiable allegation ’’ clearly indicated that the PDP was suffering from socio -emotional distress .
He said 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, 000 million 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 government of the United States .

” Various other military procurements have been made . 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 . ”
The presidential aide added 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 . ( NAN )

Source………Punch News

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