Military squanders over N6.1 trillion in fraudulent arms procurement deals – CDD

Military squanders over N6.1 trillion in fraudulent arms procurement deals – CDD

By: Our Reporter

A whopping $15 billion (over N6.1tr) was said to have been squandered through fraudulent arms procurement deals involving top military officers in Nigeria in the last 20 years.

The Centre for Democracy and Development (CDD) made these claims at the weekend, where they pointed fingers at the military authorities within the period. 

According to its report, CDD released yesterday, that the political and security elite monetised the conflicts ongoing in the country and the resultant humanitarian crises.

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The Centre for Democracy and Development (CDD) was established in the United Kingdom in 1997 and registered in Lagos, Nigeria, in 1999 to promote the values of democracy, peace and human rights in Africa.

The report said successive governments’ failure to rein in on corruption in the security sector weakened the country’s counter-terrorism capacity, allowing groups like Boko Haram to continue to perpetrate evil in the country.

Military squanders over N6.1 trillion in fraudulent arms procurement deals – CDD