Following the findings of the 13 man committee set up by the Office of the National Security Adviser to audit the procurement of arms and equipment in the Armed Forces and Defence sector from 2007 to date as directed by President Muhammadu Buhari, the Presidency has ordered the immediate arrest of former NSA, Sambo Dasuki, and others.
In a statement signed by Femi Adesina, Special Adviser to the President on Media & Publicity, the presidency said, though the committee which was inaugurated on 31 August 2015 is yet to complete its work, its interim report has unearthed several illicit and fraudulent financial transactions.
The statement said that ”as part of the findings, the committee has analyzed interventions from some organizations that provided funds to the Office of the National Security Adviser, Defence Headquarters, Army Headquarters Naval Headquarters and Nigerian Air Force Headquarters, both in local and foreign currencies.
”So far the total extra budgetary interventions articulated by the committee is Six Hundred and Forty Three Billion, Eight Hundred and Seventeen Million, Nine Hundred and Fifty Thousand, Eight Hundred and Eighty Five Hundred Naira and Eighteen Kobo (N643,817,955,885.18).

”The committee also observed that of 513 contracts awarded at $8,356,525,184.32; N2,189,265,724,404.55 and €54,000.00; Fifty Three (53) were failed contracts amounting to $2,378,939,066.27 and N13,729,342,329.87 respectively.
”Interestingly, it was noted that the amount of foreign currency spent on failed contracts was more than double the $1bn loan that the National Assembly approved for borrowing to fight the insurgency in the North East.
It further divulged that”The committee also discovered that payments to the tune of Three Billion, Eight Hundred and Fifty Million Naira (N3,850,000,000.00) were made to a single company by the former NSA without documented evidence of contractual agreements or fulfilment of tax obligations to the FGN.
Further findings, according to the presidency, has revealed ”that between March 2012 and March 2015, the erstwhile NSA, Lt Col MS Dasuki (rtd) awarded fictitious and phantom contracts to the tune of N2,219,188,609.50, $1,671,742,613.58 and €9,905,477.00. The contracts which were said to be for the purchase of 4 Alpha Jets, 12 helicopters, bombs and ammunition were not executed and the equipment were never supplied to the Nigerian Air Force, neither are they in its inventory.

The statement said that,”Even more disturbing was the discovery that out of these figures, 2 companies, were awarded contracts to the tune of N350,000,000.00, $1,661,670,469.71 and €9,905,477.00 alone. This was without prejudice to the consistent non-performance of the companies in the previous contracts awarded.
”Additionally, it was discovered that the former NSA directed the Central Bank of Nigeria to transfer the sum of $132,050,486.97 and €9,905,473.55 to the accounts of Societe D’equipmente Internationaux in West Africa, United Kingdom and United States of America for un-ascertained purposes, without any contract documents to explain the transactions.
”The findings made so far are extremely worrying considering that the interventions were granted within the same period that our troops fighting the insurgency in the North East were in desperate need of platforms, military equipment and ammunition. Had the funds siphoned to these non performing companies been properly used for the purpose they were meant for, thousands of needless Nigerian deaths would have been avoided.
”Furthermore, the ridicule Nigeria has faced in the international community would have been avoided. It is worrisome and disappointing that those entrusted with the security of this great nation were busy using proxies to siphon the national treasury, while innocent lives were wasted daily.
”In light of these findings, President Muhammadu Buhari has directed that the relevant organizations arrest and bring to book, all individuals who have been found complicit in these illegal and fraudulent acts,” statement said.



www.dailypost.ng/2015/11/17/breaking-buhari-orders-arrest-of-dasuki-others-over-arms-procurement-fraud/


lalasticlala

honestly, I ddnt read tru
just saw plenty plenty figures & my head full.

just jail the guy already.

Arrest! Arrest, no prosecution...mtchww

Bubu always diverting from the main issue to attend to irrelevance.

Everyone knows he's on vengeance mission.

Saint Buhari never accounted for the crude oil sold since May 30th till the day he inaugurated his "Old cabinet members"

The money he sunk into the refineries, no result

Fuel scarcity and the President Buhari-turned minister nows not his left from right in handling that issue.

Boko haram ravaging north-east Nigeria

Power dropping

Tariffs for power increasing, just a few...

CHANGE mantra my ass!!!

Yawn! Next?!

Ok

At last

Without prejudice to the outcome of the criminal prosecution process; it is irresponsible to send our soldiers into battle unarmed and to be slaughtered by terrorists. It amounts to madness to court Marshall those solders who refuse to fight without weapons.

"I see no changes" tupac shakur

Till wen someone goes 2 jail

APC - all progressive crooks

Medical treatment my foot

Please arrest him and take him to court,swift judgement plus his co-theives when proven guilty.

This is a government that works.They have stopped one of the masterminds of heavy looting from escaping the wrath of justice and swiftly investigations have yielded results.

My goodness, Naija money is finished, no wonder Dasuki wanted GEJ to win by all means so that he can continue in this day light robbery of the security monies allocated to that ministry all in the name of fighting boko haram. No more travelling overseas for him OOOOOO. Na primary Health care center go treat his high BP from hence forth till he is jailed for 100 years.

who dansiki don help?

when will it arrest APC member ? or are they not corrupt?