Another report of looting that will make Nigerians cry

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Chief of Army Staff, Lt.-Gen. Kenneth Minimah

Chief of Army Staff, Lt.-Gen. Kenneth Minimah

THE THIRD INTERIM REPORT OF THE PRESIDENTIAL COMMITTEE ON AUDIT OF DEFENCE EQUIPMENT PROCUREMENT FROM 2007 TO 2015
Was released on Thursday night by President Muhammadu Buhari, showing once again humongous, heartless rape of our country by Senior military officers, defence contractors and civil servants who collaborated with the pen robbers.

We publish here the full report. We bet it will make you shed a tear or two for the savagely violated country called Nigeria:

In continuation of its assignment, the Committee on Audit of Defence Equipment Procurement
(CADEP) in the Nigerian Armed Forces, analysed procurement contracts awarded by or for the Nigerian Army between 2007 and 2015. The Committee so far noted that within the period under review, the total amount spent for procurement and operations were N185,843,052,564.30 and $685,349,692.49.

The Committee reviewed some of the Nigerian Army contracts awarded by MOD for the period under review and observed that contracts were often awarded without significant input from the end-user (i.e. the Nigerian Army) and to vendors who lacked the necessary technical competence. As an example, three contracts with a total value of N5,940,000,000.00 were awarded to DYI Global Services Ltd and Doiyatec Comms Nig Ltd (owned by the same individuals) for the procurement of military hardware including 20 units of K-38 Twin Hull Boats and 6 units of 4 x 4 Ambulances fitted with radios.

The Committee found that the two companies collected N5,103,500,000.00 representing 86% of the total value of the 3 contracts worth N5,940,000,000.00, but only performed to the tune of N2,992,183,705.31

In another instance, two contracts were awarded to Baram International Nigeria Limited, amounting to N420,726,799.20 for the procurement of 53 Armoured Vehicles Spare Parts at the cost of N169,916,849.77 and that of Ballistic Vests, Night Vision Binoculars and 3 Unmanned …Read More

Source:: PM Newspaper