₦airaland Forum

every yam eater must return or vomit it.

Nawa ooo...

Former IG Tafa Balogun stole about 1.6 trillion under OBJ, and after 'small' harassment he released some to OBJ. He is presently, comfortably enjoying his loot

We dont need to sell crude oil to generate revenue for this year.

The total money to be returned is enough for this year's budget.

The banks are also to be held as accomplice for not reporting such huge amount of monies to the EFCC.

goodlifehyd:
There's a lot of difference atleast abacha was the main culprit and tracing his loot was pretty easy but this one is just damn worst everybody just dey pack Hin own share like say na well Wey dem kom fetch water from

. But all the money way everybody pack na chicken change compared to Abacha,'s loot

goodlifehyd:
There's a lot of difference atleast abacha was the main culprit and tracing his loot was pretty easy but this one is just damn worst everybody just dey pack Hin own share like say na well Wey dem kom fetch water from

But all the money way everybody pack na chicken change compared to Abacha,'s loot

HungerBAD:
Indications emerged at the weekend that the 27-man task force investigating the $2.1billion arms procurement scandal under the former National Security Adviser, NSA, have traced a whopping sum of N1trillion to the accounts allegedly owned by four EX- service chiefs.

The $2.1 billion is an amount budgeted for procurement of arms by the immediate past administration to fight the Boko Haram insurgency in the North East.

A highly placed source at the Economic and Financial Crimes Commission, EFCC, told Nigerian Pilot that the task force investigating the arms deals in conjunction with the financial intelligence unit of the EFCC found about N1trillion of the missing money in the accounts of four former service chiefs. The money was allegedly paid into the military officers’ accounts domiciled in four new generation banks.

The source further said the affected service chiefs would soon be invited to explain all they know about the money found in their bank accounts as well as their involvements in the arms deals.

The former service chiefs were those in the Air Force, Navy and Army.

Apart from the Service chiefs, it was further gathered that more retired and serving military officers are also being investigated by the anti-graft agency and those found culpable would be invited for questioning.

For instance, the source explained that, “The commission has traced N400million to the account of a serving security operative. The shocking discovery was made just before the New Year.

“Efforts are still being made to trace other transactions. The motive is to go after some of these funds that are in private accounts.”
Recently, the EFCC picked up a serving Colonel and a German citizen in connection with the ongoing investigation into arms procured.

Sources said the duo are currently detained in connection with the training of 750 Special Forces in Belarus in 2015.

Another top operative of the commission said the commission had written to the Defence Headquarters and heads of the three services of the Armed Forces for the release of some personnel needed by the anti-graft agency to shed light on their roles in the arms procurement deal.

The Defence Headquarters had repeatedly said the present administration would not tolerate corruption, which it noted had retarded the development of the country.

The Acting Director, Defence Information, Brigadier General Rabe Abubakar, told our correspondent on phone that the military was fully in support of the Federal Government’s campaign against corruption.

In a related development, Nigerian Pilot gathered that the EFCC would next week invite nine prominent northerners, who were mentioned in a letter which a former chairman of the Peoples Democratic Party, PDP Board of Trustees, Chief Tony Anenih, wrote to the anti-graft agency.

Anenih had in the letter explained how he shared N260millio paid into his account by the Office of the National Security Adviser, ONSA during the tenure of Col. Sambo Dasuki (retd.).

He alleged that he gave N63million to a group coordinated by a former Special Assistant to former President Shehu Shagari, Alhaji Tanko Yakassai.

But Yakassai said he only got N53million not N63million from Anenih as alleged and that he used it for official purposes.

Yakassai said, “The amount being bandied about is not what was given to me. It is true Chief Anenih gave the committee of eminent persons, which I headed some funds for our assignment. The money being quoted is not what we received.

“The committee of nine persons, which I led, was given an assignment to reach out to traditional rulers on the need for them to ensure peaceful elections in their domains because there was tension prior to the 2015 general elections.

“We went round 18 states and Abuja where we met two persons in each of the states we visited. We started with the Sultan of Sokoto. We could not meet with traditional rulers in Gombe because on the day of our visit, Boko Haram attacked the town and there were reports that they were targeting the Government House, where we were at that time.

“The money the committee received was for logistics, such as transport and accommodation. We wrote a report after our assignment, which started on January 14 and ended on February 15, 2015; the records are there.”

The elder statesman said he was prepared to defend the activities of the committee when required to do so, stressing that the committee performed its assignment creditably and transparently.

Efforts to get response from the EFCC did not succeed as at the time of filling this report as calls to the mobile phone of its spokesman, Wilson Uwujaren was not picked.

Mynd44, Lalasticlacla,Seun

http://nigerianpilot.com/2-1bn-arms-probe-n1trn-found-in-4-ex-service-chiefs-accts/

Meanwhile, Dangote petrochemical company, is being build on a budget of about 2 trillion naira. There is God o!

Trafford:
I'm tired of all this. I need to hear stories of reviving our dying economy and not all this Dasukigate crap everyday!!!

We are not tired at all. Saying we are tired is corruption fighting back. I got very interested when I heard that the IMF chief agreed with Buhari that we don't need new loans. There are monies within and outside Nigeria to solve most of our problems and those monies would be recovered.

Younggeneral:
****

you lack so many things .that's y u r wat you are.

Dragonking:
Oga keep quiet and stop making noise...Let pmb probe obasanjo own government and you will see that gej is a learner...

So GEJ got no brain or was he so daft to prob the administration before him you better shut that pit you call a mouth

$2.1 billion is equivalent to N540 billion naira at today's exchange rate... So how can you get N1 trillion out of $2.1 billion?
Poorly written article, although the service chiefs are culpable this is just slander at the highest

HungerBAD:
Indications emerged at the weekend that the 27-man task force investigating the $2.1billion arms procurement scandal under the former National Security Adviser, NSA, have traced a whopping sum of N1trillion to the accounts allegedly owned by four EX- service chiefs.

The $2.1 billion is an amount budgeted for procurement of arms by the immediate past administration to fight the Boko Haram insurgency in the North East.

A highly placed source at the Economic and Financial Crimes Commission, EFCC, told Nigerian Pilot that the task force investigating the arms deals in conjunction with the financial intelligence unit of the EFCC found about[b] N1trillion of the missing money[/b] in the accounts of four former service chiefs. The money was allegedly paid into the military officers’ accounts domiciled in four new generation banks.

The source further said the affected service chiefs would soon be invited to explain all they know about the money found in their bank accounts as well as their involvements in the arms deals.

The former service chiefs were those in the Air Force, Navy and Army.

Apart from the Service chiefs, it was further gathered that more retired and serving military officers are also being investigated by the anti-graft agency and those found culpable would be invited for questioning.

For instance, the source explained that, “The commission has traced N400million to the account of a serving security operative. The shocking discovery was made just before the New Year.

“Efforts are still being made to trace other transactions. The motive is to go after some of these funds that are in private accounts.”
Recently, the EFCC picked up a serving Colonel and a German citizen in connection with the ongoing investigation into arms procured.

Sources said the duo are currently detained in connection with the training of 750 Special Forces in Belarus in 2015.

Another top operative of the commission said the commission had written to the Defence Headquarters and heads of the three services of the Armed Forces for the release of some personnel needed by the anti-graft agency to shed light on their roles in the arms procurement deal.

The Defence Headquarters had repeatedly said the present administration would not tolerate corruption, which it noted had retarded the development of the country.

The Acting Director, Defence Information, Brigadier General Rabe Abubakar, told our correspondent on phone that the military was fully in support of the Federal Government’s campaign against corruption.

In a related development, Nigerian Pilot gathered that the EFCC would next week invite nine prominent northerners, who were mentioned in a letter which a former chairman of the Peoples Democratic Party, PDP Board of Trustees, Chief Tony Anenih, wrote to the anti-graft agency.

Anenih had in the letter explained how he shared N260millio paid into his account by the Office of the National Security Adviser, ONSA during the tenure of Col. Sambo Dasuki (retd.).

He alleged that he gave N63million to a group coordinated by a former Special Assistant to former President Shehu Shagari, Alhaji Tanko Yakassai.

But Yakassai said he only got N53million not N63million from Anenih as alleged and that he used it for official purposes.

Yakassai said, “The amount being bandied about is not what was given to me. It is true Chief Anenih gave the committee of eminent persons, which I headed some funds for our assignment. The money being quoted is not what we received.

“The committee of nine persons, which I led, was given an assignment to reach out to traditional rulers on the need for them to ensure peaceful elections in their domains because there was tension prior to the 2015 general elections.

“We went round 18 states and Abuja where we met two persons in each of the states we visited. We started with the Sultan of Sokoto. We could not meet with traditional rulers in Gombe because on the day of our visit, Boko Haram attacked the town and there were reports that they were targeting the Government House, where we were at that time.

“The money the committee received was for logistics, such as transport and accommodation. We wrote a report after our assignment, which started on January 14 and ended on February 15, 2015; the records are there.”

The elder statesman said he was prepared to defend the activities of the committee when required to do so, stressing that the committee performed its assignment creditably and transparently.

Efforts to get response from the EFCC did not succeed as at the time of filling this report as calls to the mobile phone of its spokesman, Wilson Uwujaren was not picked.

Mynd44, Lalasticlacla,Seun

http://nigerianpilot.com/2-1bn-arms-probe-n1trn-found-in-4-ex-service-chiefs-accts/

If the total money missing is $2.1bn even at the present parallel rate of 280NAIRA/$1 will be N560bn That means that what is the account of the ex service chiefs is more than the US$2.1bn

this people get money....

chai

ubecharles:
But all the money way everybody pack na chicken change compared to Abacha,'s loot

Abacha's loot was estimated at $5b but with the rate at which this GEJs yam eaters are going e go soon multiply am. Dasuki case alone $2.1b when u enter NNPC and custom you go shock

goodlifehyd:
So GEJ got no brain or was he so daft to prob the administration before him you better shut that pit you call a mouth

Shut the fvck up joor...Buhari that you claim to have sense should probe Obasanjo and you will see how obj will also release pmb corrupt practices..

Trafford:
I'm tired of all this. I need to hear stories of reviving our dying economy and not all this Dasukigate crap everyday!!!

How can a tomato plant grow in a corrupted soil? Impossible!!! It will be waste of energy. corruption must be reduced to minimal for the economy to grow.

AnanseK:
Looted One trillion Nairaland found in account is part of reviving economy - but wailer swill refuse to understand.

do u mean nairaland?

AnanseK:
Looted One trillion Nairaland found in account is part of reviving economy - but wailer swill refuse to understand.

do u mean nairaland?

eseoghene144:
400 billion naira

640billion.. dollar is 260

Lol is N1 trillion not more than $2.1bn these people just know Nigerians are happy to waste their time reading headlines and stories like this than actually worrying about the real issues like the economy is literally falling freely and everything else is not making sense

Trafford:
I'm tired of all this. I need to hear stories of reviving our dying economy and not all this Dasukigate crap everyday!!!

Trafford:
I'm a Pdp supporter

^^^^^ That says a lot about your post and thinking.


Corruption, looting and stealing by your PDP and the people you love and support killed your economy so why all of a sudden you care less about your crooked and corrupt looters and what they did to our economy...


smh...

Agbegilodo:
$2.1 billion is equivalent to N540 billion naira at today's exchange rate... So how can you get N1 trillion out of $2.1 billion?
Poorly written article, although the service chiefs are culpable this is just slander at the highest

security budget from 2012 to 2015 due to boko haram under jonathan was over 2.5 trillion..

2012 budget alone was over 900billion..

[size=18pt]This looting is just at the federal level. What about the lootings that took place at the state level by governors. It goes to show you the level with which our politicians looted our national treasury with reckless abandon.

In Delta state, for example due to the fact that it is pdp that is ruling Delta state, Governor Okowa is relunctant opening the can of worms left behind by his predecessor, Governor Emmanuel Uduagan, a fellow pdp member.

We do not need any money from Christine Largarde of the IMF, we must get our funds from past public office holders to run our government in Nigeria.[/size]

HungerBAD:
Indications emerged at the weekend that the 27-man task force investigating the $2.1billion arms procurement scandal under the former National Security Adviser, NSA, have traced a whopping sum of N1trillion to the accounts allegedly owned by four EX- service chiefs.

The $2.1 billion is an amount budgeted for procurement of arms by the immediate past administration to fight the Boko Haram insurgency in the North East.

A highly placed source at the Economic and Financial Crimes Commission, EFCC, told Nigerian Pilot that the task force investigating the arms deals in conjunction with the financial intelligence unit of the EFCC found about N1trillion of the missing money in the accounts of four former service chiefs. The money was allegedly paid into the military officers’ accounts domiciled in four new generation banks.

The source further said the affected service chiefs would soon be invited to explain all they know about the money found in their bank accounts as well as their involvements in the arms deals.

The former service chiefs were those in the Air Force, Navy and Army.

Apart from the Service chiefs, it was further gathered that more retired and serving military officers are also being investigated by the anti-graft agency and those found culpable would be invited for questioning.

For instance, the source explained that, “The commission has traced N400million to the account of a serving security operative. The shocking discovery was made just before the New Year.

“Efforts are still being made to trace other transactions. The motive is to go after some of these funds that are in private accounts.”
Recently, the EFCC picked up a serving Colonel and a German citizen in connection with the ongoing investigation into arms procured.

Sources said the duo are currently detained in connection with the training of 750 Special Forces in Belarus in 2015.

Another top operative of the commission said the commission had written to the Defence Headquarters and heads of the three services of the Armed Forces for the release of some personnel needed by the anti-graft agency to shed light on their roles in the arms procurement deal.

The Defence Headquarters had repeatedly said the present administration would not tolerate corruption, which it noted had retarded the development of the country.

The Acting Director, Defence Information, Brigadier General Rabe Abubakar, told our correspondent on phone that the military was fully in support of the Federal Government’s campaign against corruption.

In a related development, Nigerian Pilot gathered that the EFCC would next week invite nine prominent northerners, who were mentioned in a letter which a former chairman of the Peoples Democratic Party, PDP Board of Trustees, Chief Tony Anenih, wrote to the anti-graft agency.

Anenih had in the letter explained how he shared N260millio paid into his account by the Office of the National Security Adviser, ONSA during the tenure of Col. Sambo Dasuki (retd.).

He alleged that he gave N63million to a group coordinated by a former Special Assistant to former President Shehu Shagari, Alhaji Tanko Yakassai.

But Yakassai said he only got N53million not N63million from Anenih as alleged and that he used it for official purposes.

Yakassai said, “The amount being bandied about is not what was given to me. It is true Chief Anenih gave the committee of eminent persons, which I headed some funds for our assignment. The money being quoted is not what we received.

“The committee of nine persons, which I led, was given an assignment to reach out to traditional rulers on the need for them to ensure peaceful elections in their domains because there was tension prior to the 2015 general elections.

“We went round 18 states and Abuja where we met two persons in each of the states we visited. We started with the Sultan of Sokoto. We could not meet with traditional rulers in Gombe because on the day of our visit, Boko Haram attacked the town and there were reports that they were targeting the Government House, where we were at that time.

“The money the committee received was for logistics, such as transport and accommodation. We wrote a report after our assignment, which started on January 14 and ended on February 15, 2015; the records are there.”

The elder statesman said he was prepared to defend the activities of the committee when required to do so, stressing that the committee performed its assignment creditably and transparently.

Efforts to get response from the EFCC did not succeed as at the time of filling this report as calls to the mobile phone of its spokesman, Wilson Uwujaren was not picked.

Mynd44, Lalasticlacla,Seun

http://nigerianpilot.com/2-1bn-arms-probe-n1trn-found-in-4-ex-service-chiefs-accts/

Is there no difference between Arms purpose and Political purpose?. This is absolute criminality. Abeg round them all up.

O

mrmetoo1:
But that's already more than the $2.1bn they're investigating na. Where did this one come from?

$2.1 B was not the only money released to the military! You are a very smart guy, but you should remember that our yearly defence budget was almost a trillion naira! The Dasukigate money was not part of what was budgeted
You know the stupid goats looted everything and left the soldiers to buy their uniforms themselves. May God help us

Trafford:
I'm tired of all this. I need to hear stories of reviving our dying economy and not all this Dasukigate crap everyday!!!

If one trillion naira is in a public servants account, how will d economy revive? Maybe we should allow them be. Still better for d country's economy.

tunene66:
If the total money missing is $2.1bn even at the present parallel rate of 280NAIRA/$1 will be N560bn That means that what is the account of the ex service chiefs is more than the US$2.1bn

yes my guy Dasukigate was just a special extra-budgetary money diverted to make you and I vote for Jonathan in the guise of arms purchase! Those moneys were embezzled over time from the money budgeted for defence!!!

byteHead:
1 trillion naira > 2.1 billiion dollars

Lies everywhere.

Do you know close to a trillion was budgeted annually for boko harm for close to 4 years during GEJ erase and yet our soldiers were sharing rifles at the war front. My brother do not underestimate the greed of this yam eaters.

2016 budget money don dey complete small small

What I don't understand is that a serving officer stole billions, he didn't buy property all over the world, he didn't invest in stocks, he didn't build a university, he didn't convert it to dollars and move it out of the country to Dominican Island or wherever. Instead he left all that cash in a bank account waiting for EFCC to discover it, remember BVN was started before the hand over. He wasn't worried that they would tie the monies to him.
They say 4 persons alone had 1 trillion in the bank, Dasukigate people shared $2.1 billion dollars, NNPC guys stole XYZ, NIMASA boss XYZ was traced to his account and then TSA removes only 2.1 trillion naira from the banks and the banking system is collapsing. Something doesn't add up with all these stories floating about.

san316:
How do you think the. FG would fund the budget? Just imagine that the 1trillion is recovered, that means we'd only have to work for 5trillion. So it is important.

well said bro .u jst said my mind, wch means more dan 15% of or budget is in d custody of a good custodian.
God keep blessing our able and amiable presdo

Sai Baba