The Nigerian Security agencies appear not to be clear to the populace on what the details of the $2.1bn arms deal. The impression being created is that the funds were budgeted for arms and diverted for other means. This might not be entirely the fact. The questions begging for answers are quite daunting, now, was the $2.1 billion dollar , as it is famously known a budgetary provision, what period was it allocated for, was the whole sum meant for arms alone or other running costs were included.

The following picture story will attempt to dissect what exactly this $2.1bn deal is all about, for readers to make judgments.


The Nigeria Security budget from 2011 to 2015 comprises of four (4) budget sub heads:

1. Defence Budget (2011-2015): N 1.73 trn to :

Nigeria Army
Nigeria Airforce
Nigeria Navy

2. Interior Budget (2011-2015): N778.75bn

Immigration
Civil defence., etc

3. National Security Budget (2011-2015): N546bn

Office of National Security Adviser (ONSA)
Directorate of State Security Services (DSS)
National Intelligence Agency (NIA)
Presidential Air-fleet (State House)

N546bn divided by (N202 to $1) exchange rate=$2.7bn (Total budgetary allocation from 2011 to 2015 to security as a whole)

4. Police Budget (2011-2015):N1.55 trillion

Hence, from 2011-2015 the aggregate security budget for Nigeria was N 1.73 trn+ N778.75bn + N 546bn+ N1.55 trn = N4.6trn equivalent of $236 billion @ 202 exchange rate.

Removing the first year 2011 when Late Gen. Azazi held sway as NSA. Col. Sambo Dasuki (RTD) took over as NSA in 2012, the Federal Govt directed that the scope of ONSA’s probe will be from 2012 to 2015. The whole National Security Budget from 2012 to 2015 including three (3) other sub-heads as stated above, Equals N440.1bn (equivalent of $2.1bn) @ 202 exchange rate, which is the so called arms deal funds. In essence, the $2.1bn is budgetary allocation includes other allocations apart from arms.

Is EFCC telling us that the other three (3) offices didn’t execute contracts, pay contractors, incur overhead costs? from their budgets.

Bearing in mind that in 2015 alone, the budgetary allocation for NSA’s office was N84bn. Breakdown as follows;

OFFICE NATIONAL SECURITY ADVISER- 11,611,200,173

DIRECTORATE OF STATE SECURITY SERVICE 34,676,504,452

NATIONAL INTELLIGENT AGENCY- 32,494,296,394

PRESIDENTIAL AIR FLEETS (STATE HOUSE)- 5,346,319,704

Total: N 84,128,320,723


All Nigerians support prosecution of all and sundry that have plunged this country to its present state. The major concern here is the figure being brandished in the Media. There should be no form of deception/mis-information. Period!!!

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Ok..... Sorry i didnt even read it...

Why is this not on Front Page?

In order words, the arms deal saga is just being sensationalised to impress Buhari worshippers.
The major problem i see about this corruption fight is that it has made us oblivious of the fact that the most significant task before the FG is our failing economy.

Dasuki needs to present his side of this whole story first before final conclusion can be made on this issue.