The presidential committee investigating arms purchase has uncovered a whopping N2.175 billion fraud in one of the agencies of the Ministry of Defence.
The money, meant for arms procurement, was allegedly diverted.
According to a report by Daily Sun newspaper, the committee said the money meant for the project was paid in installments to some corporate bodies and Bureaux De Change.
The paper also added that the diverted money was part of the N35 billion the ministry took as loan from the Debt Management Office (DMO) to purchase equipment for troops on international peace-keeping mission with the aim of getting reimbursements from the United Nations.
Meanwhile, the presidential committee investigating arms purchase might not meet the November 30 deadline to submit its report.
Daily Sun said the committee is faced with challenged including been barred from requesting for documents and other materials from the agencies under probe.
The committee was accused of being biased and indicted those perceived to be enemies of the present administration as culprits in the illegal purchase of arms and ammunition for the military.

Although the committee has begun probing arms procurement for the Navy, but there was anxiety that the committee may not do a thorough job as was done for the Army, Air Force and the Defence Ministry.
https://www.naij.com/1058720-corruption-n2-175-billion-fraud-discovered-ministry-defence.html

Dey will never no peace, untill dey return every kobo

One day one discovery. Yet, no prosecution.

Money for arms and ammunitions?

Which one dem hol dasuki for again?

Another recovered looted fund?

Dem go soon find fraud in the activities of those women for market wey dey sell tomatoes.madness and joblessness

The money no the finish? When they were looting under the past administration, Nigerians were eating well and faring better but now that they are recovering the loot under the present administration, Nigerians are dying of hunger and hardship. Our problem is not the looted funds per say but policies of the Buhari led admistration. Oya over to you the Zombitites.