Transparency International on Wednesday revealed how over N241billion is being siphoned from the nation's treasury annually, using the security votes as a conduit pipe to divert public funds.

The antigraft organisation also indicted top security chiefs and state governors, who it noted deployed security votes to create insecurity in different parts of the country.

Mr Adeolu Kilanko, of the Transparency International (Defence and Security Unit) disclosed this on Wednesday via a report titled: "Camouflaged Cash - How Security Votes Fuel Corruption in Nigeria" presented at the Zonal official launch of the report in Nigeria organized by Civil Society Legislative Advocacy Centre (CISLAC) in Ibadan.

He stated that among average Nigerians, the words 'security votes' are synonymous with official corruption and abuse of power.

Asking for a legislation to abolish security vote, he stated that Transparency International estimated that these secretive and unaccounted-for-cash expenditures add up to over N241.2billion annually.
He said "in just one year, these extra budgetary expenditures add up to over nine times the amount of US security assistance to Nigeria since 2012 ($68.6m) and over twelve times the $53.5m (40million pounds) in counterterrorism support the UK promised Nigeria from 2016 to 2020 .

"Looking at it from another angle, security vote spending exceeds 70 percent of the annual budget of the Nigeria Police Force, more than the Nigerian Army's annual budget, and more than the Nigerian Navy and Nigerian Air Force's annual budgets combined".

Though, top security chiefs and governors were indicted in the slush cash, TI commended some state governors for transiting from security vote to Security Trust Fund (STF), especially Lagos state for shifting toward using a public- private security trust fund to provide supplementary funding to security services in the state.

https://www.dailytrust.com.ng/nigeria-s-security-chiefs-governors-siphone-n241billion-annually-says-transparency-international-262664.html

imagine EFCC magumagu were are you? work dey here ooo!!

"Only in Nigeria that thieves are regrouping to re-LOOT again and youth whose future will be stolen are celebrating it"
..........Wole Soyinka

: Lazy and corrupt youth sir!

ICPC.
EFCC WAKE UP!

Secruity votes simply need to be outlawed and replaced with a transparent system.

Only in Nigeria that thieves are regrouping to re-LOOT again and youth whose future will be stolen are celebrating it"
..........Wole Soyinka

Only first class fools believe dis made up quote above... Nigerians are celebrating d demise of d APC. D enemy of our enemy is our friend... I'm sure those same fools didn't know d President also enjoys d same Security votes governors enjoy...

Fight against corruption indeed.

I spot killer barbecue seller above me . ..... please let someone get that mai suya a job before he goes insane..... he's getting there fast

only in Nigeria

Buhari is suppose to send a bill to the National Assembly to abolish security votes and also lobby them in that regards, instead he is celebrating the arrest of Olisa Metu as the only successes he has made in fighting corruption.

This in Nigeria.........

And the idiot in Benue State will be crying like an orphan?

OKAY!


check my SIGNATURE

Chai SAI baba is working. I now know the reason why the herdsmen and BH war is ongoing

Hmmmm

Lagos state is BOSS

Under the watch of the tyrant.

Watch how buhari will be swift to use lia Mohammed to react to this...but he hardly reacts to the cries of hardship in the country

I wil phight kworuption.


What a fraudulent toothless cow

Top security chiefs, we are really in trouble

Na their work

let's restructure this shithole and thats when things will change. changing our leaders and thinking they will solve our problems is the height of gullibility. they dont care at all. restructuring will give power to each region, restructuring will give power to the people.

Obj and GEJ created all the means and loopholes for our politicians to loot and we can’t do anything to stop it because same set of people who were in power then are still in power and ruling us till today.

Almost a billion dollars

Soft work. Even constituency allowance ought to be abolish

I doubt if corruption can ever be eradicated in this country

post=69705678:
"Only in Nigeria that thieves are regrouping to re-LOOT again and youth whose future will be stolen are celebrating it"
..........Wole Soyinka

: Lazy and corrupt youth sir!

ICPC.
EFCC WAKE UP!

A Red revolt is the sole remedy!

So person can tap approved security vote money without directly stealing from government treasury

dominique:
I doubt if corruption can ever be eradicate in this country

...can ever be eradicated...

Domi, Domi!

Yahaya Bello alone can account for 40% of that sum. The first selected Nigerian governor to raise 2 mansions in less than 1 year in office.


The masses are Nigeria's greatest problem.