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$15bn, Not $2.1bn Was Stolen In Arms Deal Scandal – EFCC

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The Economic and Financial Crimes Commission have made a shocking revelation in the alleged scandal.

The EFCC in the process of investigating the alleged fraud relating to the diversion of $2.1bn meant for prosecution of the war against Boko Haram, have discovered that the total amount diverted was unbelievably over $15bn as opposed to the $2.1bn first thought.

The $2.1bn represents the arms cash placed under the Office of the National Security Adviser, then headed by the immediate past NSA, Col. Sambo Dasuki (retd.).

Other implicated in the scandal were former Chief of Defence Staff, Air Marshal Alex Badeh (retd.); and a former Chief of Air Staff, Air Marshal Adesola Amosu (retd.).

According to the news agency the Punch, a top source at the commission revealed that the EFCC and the presidential panel on arms procurement, realised that the $2.1bn was just the tip of the iceberg and was just one of many transactions.

“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,” he said.


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Farouk Mohammed

Farouk Mohammed is a Senior Editor at Okay Nigeria (Okay.NG). He has been publishing for 5 years and focused more on Local/World News on Okay Nigeria.

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