$1bn ECA balance is $123.11m, says Presidency

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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




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