Arms Scandal: EFCC Says $15bn, Not $2.1b, Stolen


The Economic and Financial Crimes Commission (EFCC) in the process of investigating the alleged fraud relating to the diversion of $2.1bn meant for the purchase of arms for the war against Boko Haram, had discovered that the total amount of anti-terrorist money diverted by different individuals and agencies was over $15bn as opposed to the $2.1bn formerly named as the amount involved in the arms scandal, according to Punch.

EFCC revealed that the $2.1bn reported in the media was part of the arms cash placed under the control of the Office of the National Security Adviser, then headed by the immediate past NSA, Col. Sambo Dasuki (retd.).

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You will remember that Sambo Dasuki, the former National Security Adviser, NSA, was indicted by a panel for diverting funds meant for the purchase of arms. Also, former military chiefs, including a former Chief of Defence Staff, Air Marshal Alex Badeh (retd.); and a former Chief of Air Staff, Air Marshal Adesola Amosu (retd.), have been under fire for the roles they allegedly played in the arms scam. Badeh and Dasuki are presently still standing trial on charges relating to the alleged arms scandal.

Dasuki Under Fire For Alleged Involvement In Arms Scandal

According to a top source at the EFCC, who spoke to Punch on Tuesday, the anti-corruption commission and the presidential panel on arms procurement, in the course of investigations, found out that the $2.1bn fraud was just for one of the many transactions.

The source further disclosed that the commission discovered that high-ranking military officers purposely incorporated companies to divert anti-insurgency funds for their personal uses. The EFCC source said:

“We have discovered that the total money in the arms scandal is over $15bn, not $1.2bn that was initially discovered. The $2.1bn was just for one transaction. Many of these military officers set up companies for the purpose of diverting money meant for the prosecution of the anti-insurgency war.”

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Although some military personnel and civilians alike have been arrested and investigated, and alarming amounts of money have either been discovered, recovered or returned, we are yet to receive the news that anyone has been sent to jail for this grave offence against the Nigerian state.