Contrary to earlier reports that that the total arm fund meant for fight against Boko Haram, which was diverted $2.1 billion, fresh discovery by the ant-graft agency, the Economic and Financial Crime Commission, EFCC revealed another $13 billion, totaling the diverted fund as $15 billion, Punch Newspaper report says.

The earlier $2.1bn represents the arms cash placed under the Office of the National Security Adviser, then headed by the immediate past NSA, Col. Sambo Dasuki (retd.).

Ex-military chiefs, including a former Chief of Defence Staff, Air Marshal Alex Badeh (retd.); and a former Chief of Air Staff, Air Marshal Adesola Amosu (retd.), had been quizzed for their alleged roles in the arms scam.

Badeh and Dasuki are currently standing trial on charges relating to the alleged fraud.

A top source at the commission, who confided in our source on Tuesday, said the EFCC and the presidential panel on arms procurement, during investigations, discovered that $2.1bn fraud was just for one of the several transactions.

The source added that the commission discovered that top military officers deliberately incorporated companies to divert anti-insurgency funds for their personal uses.

“We have discovered that the total money in the arms scandal is over $15bn, not $1.2bn that was initially discovered. The $2.1bn was just for one transaction. Many of these military officers set up companies for the purpose of diverting money meant for the prosecution of the anti-insurgency war,” he said.


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