The Presidency has denied reports that President Muhammadu Buhari donated $500 million to Hillary Clinton’s failed presidential campaign during the just-concluded election in the United States.

A US-based group, the American Black Group for Democracy, had reportedly been circulating a video clip on the social media, claiming that  the Nigerian government donated $500 million – about N150 billion, to Clinton’s campaign.

The video also claimed that the money was “pledged to the US secretary of states, John Kerry, and US Ambassador (James Entwistle) in Abuja”, also suggesting that “the donation may create a huge misunderstanding between Nigeria and the incoming Trump’s US government.”

Reacting to the video on Friday, Senior Special Assistant to President Buhari on Media and Publicity to the President, Garba Shehu, said the report was unfounded and crazy as according to him, “Nigeria doesn’t have this kind of money to throw around.”

He posted the following information through his twitter handle, @GarShehu: “What is the craziest accusation made against President Buhari?”

“That he donated $500m to Hillary’s campaign and that Donald Trump is angry. This has gone viral, sadly Nigerians are believing it!

“President Buhari’s Nigeria doesn’t have this kind of money to throw around. Even if the money is there, this President is the least likely person to give it as donation, and for what?”

The presidential spokesman noted that Buhari is in discussion with the US government on how to return Nigeria’s stolen funds stashed in American banks, adding that “A FGN account has already been given for the return of one million dollars from Alamieyesiegha.”

He further stated: “Judgement on the $480m Abacha loot has been won and our Attorney-General, Malami (SAN) will be in the US next week to speak to the Department of Justice on the next steps for the return of that as well.

“The U.S is paying to Nigeria, not the other way round,” Shehu said.