$1b Security Fund: You’re suffering from socio-emotional distress – Presidency replies PDP

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The Peoples Democratic Party (PDP) is suffering from socio-emotional distress for querying the whereabouts of $1b mapped out for purchase of security equipments, the Nigerian Presidency has said.

This is in response to the allegation by the opposition party that the security fund withdrawn from the Excess Crude Account (ECA) in 2018 without the approval of the National Assembly, was used to influence the outcome of the 2019 general election by the incumbent administration.

Denying the claim by the PDP is presidential spokesman, Garba Shehu, who described it as an unverifiable allegation.

Mr Shehu in a statement on Sunday said the opposition party is suffering from a socio-emotional distress by making such allegation and “thinking all governments in the world run on the basis of freewheeling looting as they did their own”.

He further explained part of how the $1b was utilised, promising a full breakdown of the stages of implementation will be made public on Monday.

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“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,” Shehu explained.

“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,” he added.