Goodluck Jonathan, former President of Nigeria
Former President Goodluck Jonathan will have a case to answer over fraudulent defence spendings running into over N300 billion during his tenure, according to recent revelations.
This is despite the grandstanding by the former leader at an event at the US National Democratic Institute, where he denied ever approving defence spending to the tune of $2 billion for former National Security Adviser, Sambo Dasuki, now under intense probe by a panel set up the Muhammadu Buhari presidency.
President Muhammadu Buhari had set up the panel to probe defence spendings between 2007 and 2015. What was turned up as interim report was shocking about the scale of looting by the National Security adviser.
Here is an excerpt from the report: “As part of the findings, the committee has analyzed interventions from some organizations that provided funds to the Office of the National Security Adviser, Defence Headquarters, Army Headquarters Naval Headquarters and Nigerian Air Force Headquarters, both in local and foreign currencies.
“So far the total extra budgetary interventions articulated by the committee is N643, 817,955,885.18. The foreign currency component is to the tune of $2,193,815,000.83.
“These amounts exclude grants from the State Governments and funds collected by the DSS and Police. It was observed that in spite of this huge financial intervention, very little was expended to support defense procurement.
“The committee also observed that of 513 contracts awarded at $8,356,525,184.32; N2, 189,265,724,404.55 and €54,000.00; Fifty Three (53) were failed contracts amounting to $2,378,939,066.27 and N13, 729,342,329.87 respectively.
“Interestingly, it was noted that the amount of foreign currency spent on failed contracts was more than double the $1bn loan that the National Assembly approved for borrowing to fight the insurgency in the North East.
Sambo Dasuki
“The committee also discovered that payments to the tune of N3, 850,000,000.00 were made to a single company …Read More
Source:: PM Newspaper
