How former Nigerian military chiefs stole $15billion – Report

Former Nigerian military chiefs stole as much as $15 billion through fraudulent arms procurement deals.

This is contained in a report tagged; “Weaponising Transparency: Defence Procurement Reform as a Counterterrorism Strategy in Nigeria”.

It revealed that huge sums equivalent to half of Nigeria’s foreign currency reserves were stolen.

The 19-page report by the Civil Society Legislative Advocacy Centre (CISLAC) and Transparency International (TI) UK, unveiled yesterday in Abuja said defence sector corruption has weakened Nigerian counterterrorism capacity and strengthened Boko Haram terrorists.

It was jointly presented by the Executive Director of CISLAC, Auwal Musa Rafsanjani and a Senior Legal Researcher at TI, Eva Marie Anderson.

“Nigeria’s corrupt elites have profited from conflict; with oil prices at a record low, defence has provided new and lucrative opportunities for the country’s corrupt kleptocrats.

“Defence sector corruption in Nigeria has enabled the political elite to acc**ulate and distribute political patronage. Longstanding military exceptionalism, meanwhile, has justified weak and compromised oversight of security -related spending and excessive secrecy,” the report said.

more@dailypostngr.

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