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The Presidency has reacted to the Peoples Democratic Party’s (PDP) allegation that one billion dollars was drawn from the Excess Crude Account (ECA) by Muhammadu Buhari administration on the 2019 general elections.

Concise News earlier reported that Peoples Democratic Party (PDP) reacted to the 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 Presidency in 2017 for security purposes.

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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.