Arms Deal Saga: Huge Amount of Cash Traced to Military Chiefs' Wives, Kids

Some of the $2.1billion phoney arms contracts cash have been traced to the accounts of wives and children of some former and serving military chiefs, according to reports.

The Economic and Finanacial Crimes Commission (EFCC), which is probing how the money was spent, may restrict access to all the identified accounts “this week”, a source said yesterday.
Also yesterday, a former Chief of Defence Staff, Air Chief Marshal  Alex Badeh, reported to the EFCC But his invitation was rescheduled for Monday ”because of operational reasons”.
It was learnt that the EFCC may interrogate Air Chief Marshal Badeh alongside some military officers who have also been invited.A source close to the investigation said some of the former and serving officers under investigation acquired properties in the names of their wives, children and relations “to hide their loot”.

The source said: “Our investigators have uncovered that some of these military officers under probe stashed  their shares of the $2.1billion arms cash in the accounts of their relations, especially wives and children.We have traced such slush funds and we may freeze these accounts until we have screened the inflows and expenditures. The legitimately operated accounts will be freed after thorough screening.”
Besides, some houses belonging to the children and relations of some military chiefs have been identified as products of proceeds of financial crimes. “We have already marked the properties of one of the children of a top military brass. We have invoked Temporary Assets Forfeiture Clause in EFCC Act,It is obvious that some of the arms cash were laundered through proxies, relations and phony companies. Some even registered companies in the names of their spouses or families.”
Responding to a question, the source added: “We have done enough ground work to interrogate some of these former and serving military chiefs.”
“We have also summoned most of the former and serving military officers referred to EFCC for probe,” another source said.
Apart from the former CDS, others under investigation  are
Chief of Air Staff,
Air Marshal M.D. Umar;
A former National Security Adviser, Col. Sambo Dasuki ;
Col. N. Ashinze Ex Special Military Assistant to the ex-NSA;
A former Chief of Air Staff, A.N. Amosu; the most senior Air Force officer,
AVM A. M. Mamu(the Chief of Administration);
AVM O.T.Oguntoyinbo (former Director of Production, Defence Headquarters);  AVM R.A. Ojuawo (Air Officer Tactical Air Command, Makurdi;
 AVM J.B. Adigun(former Chief of Accounts and Budgeting in NAF);
 AVM JA Kayode-Beckley(Director, Armament Research in Air Force Research and Development Centre);
AVM T Omenyi (MD, NAF Holdings)

four top officers at the Defence Headquarters(DHQ)
Air Cdre AO Ogunjobi;
Air Cdre GMD Gwani;
Air Cdre SO Makinde;
 Air Cdre AY Lassa
Some of the areas of investigation are:
How 10 contracts totalling $930,500,690.00 were awarded.
Payment of  N4,402,687,569.41 for unexecuted contracts.
Procurement of two used Mi-24V Helicopters instead of the recommended Mi-35M series at $136,944,000.00.
4 used Alpha-Jets for the NAF at US$7,180,000.00 funded by ONSA.
Cannibalization of engines from NAF fleet to justify procurement of jets.
Excessive pricing of 36D6 Low Level Air Defence Radar at $33m instead of $6m per one.
Delivery of radars without  vital component of Identification Friend or Foe (IFF) that distinguishes between own and adversary aircraft.
Strange transfer of $2m to Mono Marine Corporation Nigeria Limited owned by some Air Force officers.
N15bn lavished on the maintenance of its Alpha-Jets, C-130H aircraft and Mi-24V/35P helicopters.
N2.5billion contracts awarded to Syrius Technologies( Ukrainian company) not registered in Nigeria.
Award of 7 contracts worth N599,118,000.00 contracts to Defence Industry Corporation of Nigeria(DICON) but two delivered.

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Posted: at 4-02-2016 02:50 PM (8 years ago) | Addicted Hero

Naija money. God have mercy on us. Nigeria is sick of cancer which is corruption.

Posted: at 4-02-2016 04:43 PM (8 years ago) | Upcoming

ooh una just dey know abi... maybe those EFCC boys are drunk  or na blindness dey worry them..

Posted: at 4-02-2016 04:57 PM (8 years ago) | Grande Master

Hmmmm this is getting serious oh

Posted: at 4-02-2016 05:10 PM (8 years ago) | Gistmaniac

na now u nkow?

Posted: at 4-02-2016 05:47 PM (8 years ago) | Upcoming

Hmm, the saga is snowballing.

Posted: at 4-02-2016 06:50 PM (8 years ago) | Hero

Kai,this kind news dey vex me,I for like make them send all this wicked officers go that sambisa forest without ammunition bcos when those boys wey dem send run 4rm battle field still face them,they say make them execute them not knowing say nah them be the useless cause..I weep bitterly for the way common man use his life to pay for all this rogues.

Posted: at 4-02-2016 07:30 PM (8 years ago) | Hero

hahaha, I remembered when Dasuki's first son was flaunting G-wagon, 2 bentleys and some very expensive rolex on instagram last year before Jonathan left office, I kept wondering that Nigeria is so great, imagine children of hardworking civil servants doing big things, spending millions of dollars - Little did i know there would be a scam called #Dasukigate. LMAO karma is a biaatch! Last time i check, dude gon close his instagram page, party over!

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Posted: at 4-02-2016 09:02 PM (8 years ago) | Addicted Hero

Cease them all

Posted: at 5-02-2016 12:18 AM (8 years ago) | Addicted Hero

I
for like make them send all this
wicked officers go that sambisa
forest without ammunition bcos
when those boys wey dem send
run 4rm battle field still face them,they say make them execute
them not knowing say nah them be
the useless cause. very useless metchewww.

Posted: at 6-02-2016 01:36 PM (8 years ago) | Gistmaniac