The Presidency has given additional details on how the controversial $1bn approved from the Excess Crude Account in 2017 to fund security operations was spent.
According to the Presidency, the unspent balance as of today is $123.11bn.
The Peoples Democratic Party had on Sunday accused the Buhari administration of using his “agents” to siphon the $1bn into financing the 2019 general elections, as against using it to fund security operations.
But Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said in a statement that the Buhari administration paid over $496 million dollars for a dozen Super Tucano fighter aircraft for the Air Force in a direct, government-to-government transaction with the United States government.
He says the aircrafts are due for delivery in 2020