$1bn ECA Fund: PDP asks NASS to invoke section 89 on Buhari

The Peoples Democratic Party () has urged the National Assembly to respond to ‘demands by Nigerians’ by immediately setting up an Adhoc committee to recover the allegedly missing $1bn drawn from the Excess Crude Account by the Presidency in 2017, purportedly for security services.

In a statement by its National Publicity Secretary, Kola Ologbondiyan, the PDP asked the National Assembly to be firm in invoking its powers under sections 88 and 89 of the 1999 Constitution (as amended) to invite President Muhammadu Buhari to give an account of the money, which was drawn from the ECA by his
Presidency, without recourse to legislative appropriation.

The PDP said its demand is predicated on allegations of complicity in the public space against the Buhari Presidency, following its failure to address the matter since the National Security Adviser (NSA), Gen. Babagana Mongunu (rtd), who is in charge of the nation’s security architecture confessed that he is not aware of the whereabouts of the money.

According to the PDP, section 88 gives the National Assembly the overriding powers to conduct investigations to, among other things, expose corruption and
inefficiency in the administration of public funds.

The opposition party further noted that empowers the Senate, among other things, to summon ANY PERSON in Nigeria to give evidence or produce any document under his possession or control, related to the issues under investigation.

The PDP, therefore, urged the National Assembly to uphold the constitution by inviting President Buhari to produce documents that approved the withdrawal of the money, the terms of withdrawal, the channeling of the funds, as well as those involved in its handling.

The party further implored the federal legislature to stand in the interest of the nation and resist all plots by the All Progressives Congress (APC) and the cabal at the Presidency to sweep the matter under the carpet.

The PDP called on the legislators to reflect on the pains of Nigerians, particularly, victims of killings, bloodlettings, kidnappings and other acts of violence, which continued unrepressed, while funds meant for security were reportedly being frittered.

According to the party, this is especially as an allegation in the public space remains rife that funds meant for security in our nation were diverted to finance APC 2019 election campaigns, while insecurity festers in our country.

The PDP notes that since the Buhari Presidency and the APC do not have
any “cogent clarifications”, the National Assembly should exercise its
investigative powers under the constitution to interrogate the issue as
well as recover the money in the general interest.


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