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Arms Deal: Presidential Panel Uncovers Fresh Massive Fraud In Army

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The presidential panel set up by President Muhammadu Buhari to probe arms procurement between 2007 and 2015 under the Office of the National Security Adviser has allegedly uncovered massive fraud in the Nigerian Army.

According to PUNCH, the panel, which has Air Vice Marshal J. O. Ode (retd.) as its chairman, was concluding work on the probe of the Army.

It was gathered that part of the panel’s discovery was that the total amount involved in arms fraud was $15bn and not $2.1bn.

The PUNCH had, on Wednesday last week, reported that $15bn arms funds were diverted by top military officers.

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According to the report, the $2.1bn earlier reported as the mismanaged arms procurement money was just for one transaction.

A top government official, who spoke on condition of anonymity on Sunday, described the fraud uncovered by the panel in the purchase of arms in the Army as “enormous.”

“The committee is still working. What they discovered in the Army is enormous,” he said.

Read More: PUNCH

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