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The Peoples Democratic Party (PDP) has urged the National Assembly to
immediately set up an Adhoc
committee to recover the allegedly missing $1bn drawn from the Excess
Crude Account by the Buhari Presidency in 2017, purportedly for security
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 section 89 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.