The money diverted to fight Boko Haram insurgency is $15 billion not $2,1 billion, the Economic and Financial Crimes Commission made staggering discoveries while investigating the alleged fraud relating to the diversion of $2.1bn.
According to reports in the Punch, the EFCC had discovered that the total anti-insurgency money diverted by various personalities and agencies was over $15bn.
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.).
Ex-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.), had been quizzed for their alleged roles in the arms scam. Badeh and Dasuki are currently standing trial on charges relating to the alleged fraud.
A source at the EFCC who confided in the Punch, said the EFCC and the presidential panel on arms procurement, during investigations, discovered that $2.1bn fraud was just for one of the several transactions.
The source added that the commission discovered that top military officers deliberately incorporated companies to divert anti-insurgency funds for their personal uses.
“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.
In a related development, the EFCC has recovered jewellery worth over £2 million (N600million) from former Minister of Petroleum, Diezani Alison-Madueke and the wife of Mr Jide Omokore
