– Presidential committee investigating arms purchase has uncovered a whopping N2.175 billion fraud in one of the agencies of the Ministry of Defence – 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 – The committee said the money meant for the project was paid in installments to some corporate bodies and Bureaux De Change
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. READ ALSO: 5 critical problems Buhari is facing 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.
Subscribe to:
Post Comments (Atom)
Abducted Singer: Why We Suspected Police’s Attempt To Divert $200,000 Ransom – Record Label Boss Explains
The CEO of Eric Many Records, Dilly Umenyiora, has explained what transpired between him and the Delta State Police Command regarding the k...
-
President Bola Tinubu and Governor Babajide Sanwo-Olu of Lagos State have felicitated Oba Rilwan Akiolu of Lagos on his 80th birthday. In a...
-
Aspirants who participated in the last presidential primary election of the ruling All Progressives Congress APC are set to meet with the st...
-
A longtime media adviser Tunde Rahman of President Bola Tinubu has appointed as his senior special assistant (SSA) on media matters with 19 ...
No comments:
Post a Comment