The Depletion Of ECA By Buhari IS An Act Of Fear Of Failure – PDP

The Peoples Democratic Party (PDP) has said the recent withdrawal from the Excess Crude Account (ECA) is as a result of fear of failure in the 2019 general election by the Buhari lead ruling party.

In a statement on Thursday by the spokesman of PDP, Kola Ologbondiyan, PDP alleged that the depletion and siphoning of $1.68 billion further showed that President Muhammadu Buhari presides over a corrupt government that is bent on draining the treasury and foisting more suffering on the people.

It also described the excuses being peddled by the Buhari administration on the depletion as hazy, muddle-up and cannot find basis under the due process of statutory legislative approvals.

The statement reads in part, “Apparently realizing that they have been rejected by Nigerians ahead of the 2019 general elections, the APC and the Buhari Presidency now want to drain our treasury and as usual, blame it on past administration.

“Nigerians can recall that the PDP, which established the ECA as a buffer account to cushion the effect of any economic down turn, left $2.07 billion in the account only for the Buhari administration to drain it down to $631 million.

“The PDP condemns this manifest impunity by the Buhari Presidency and demands that no more withdrawals must be made from the account by this corrupt and inept administration.

“Finally, our party urges Nigerians to unite in condemnation of the depletion of our ECA by the Buhari administration, which has less than five months to leave the governance of our country for good”.


Categories: NEWS, POLITICS

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.