Buhari Orders Dasuki, Others Arrested Over Multi Billion Dollar Arms Procurement Fraud

Former NSA Sambo Dasuki
Former NSA Sambo Dasuki

Buhari Orders Dasuki, Others Arrested Over Multi Billion Dollar Arms Procurement Fraud

President Muhammadu Buhari on Tuesday ordered the arrest of former National Security Adviser, NSA, Sambo Dasuki for involvement in the misappropriation of billions of dollars meant for the prosecution of the war against terror in the North east.

The president’s directive followed the submission of an interim report by the 13-man presidential committee set up by Buhari to investigate the procurement of equipment for the Armed Forces and defence sector from 2007 to date.

The latest development, perhaps, explains why the federal government has been reluctant to allow Dasuki, who is already being prosecuted for illegal arms possession and money laundering, to travel abroad for medical treatment as ordered by the Federal High Court, Abuja.

A statement issued by the President’s spokesman, Femi Adesina, gave details of an obvious scam involving several billions in dollars, naira and Euro allegedly perpetrated by officials of government saddled with procuring arms and ammunition for fighting the insurgency in the North east.

Adesina said that although the committee had not finished its work, its interim report unearthed several fraudulent transaction by the office of the NSA and others in security sector finances.

Dasuki is alleged to have awarded bogus contracts and made huge payments for jobs that were never executed.

The government alleges that “between March 2012 and March 2015, the erstwhile NSA, Lt Col MS Dasuki (rtd) awarded fictitious and phantom contracts to the tune of N2, 219,188,609.50, $1,671,742,613.58 and €9,905,477.00.”

Adesina said that the contracts meant for the purchase of 4 Alpha Jets, 12 helicopters, bombs and ammunition were not executed and the equipment were never executed as the Air Force never received the equipment.

The presidential committee, it is said, discovered that two companies that had consistently failed to deliver on previous contracts were still awarded contracts to the tune of N350, 000,000.00, $1,661,670,469.71 and €9,905,477.00.

The former NSA is also accused of paying about N3, 850,000,000.00 (Three Billion, Eight Hundred and Fifty Million Naira) to a company without any “documented evidence of contractual agreements or fulfilment of tax obligations to the FGN.”

Another grave allegation is that Dasuki directed the Central Bank of Nigeria, CBN, to transfer the $132,050,486.97 and €9,905,473.55 to the accounts of Societe D’equipmente Internationaux in West Africa, United Kingdom and United States for unstated reasons “without any contract documents to explain the transactions.”

Adesina said that extra budgetary interventions so far discovered by the committee incluse “Six hundred and forty three billion, eight hundred and seventy million, nine hundred and fifty five thousand, eight hunfred and eighty five hundred naira and eighty kono (N643,817,955,885.18)”

Adesina said that extra budgetary interventions so far discovered by the committee include “Six Hundred and Forty Three Billion, Eight Hundred and Seventeen Million, Nine Hundred and Fifty Thousand, Eight Hundred and Eighty Five Hundred Naira and Eighteen Kobo (N643, 817,955,885.18).”






     

     

    “The foreign currency component is to the tune of Two Billion, One Hundred and Ninety Three Million, Eight Hundred and Fifteen Thousand US Dollars and Eighty Three Cents ($2,193,815,000.83),” the Presidential aide further disclosed, noting that the amounts “exclude grants from the State Governments and funds collected by the DSS and Police.”

    In a damning verdict, he observed that in spite of this huge financial commitments, “very little was expended to support defense procurement.”

    Dasuki has had a legal tango with the federal government and security agencies for a while now. He obtained a bail to travel abroad from the Federal High Court, Abuja where he is being tried for illegal gun possession and money laundering but he has not been allowed to do so.

    The Department of State Services, DSS, has laid siege to his house for over two weeks, despite Justice Adeniyi Ademola’s that he be allowed to travel abroad to seek medical attention

     

     

     

     

     

     

     

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