By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: $2.1bn Arms Deal: EFCC Traces N400m To Army Officer’s Account
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

$2.1bn Arms Deal: EFCC Traces N400m To Army Officer’s Account

Farouk Mohammed
By Farouk Mohammed
Published: January 7, 2016
Share
3 Min Read
SHARE

EFCC11111

The Economic and Financial Crimes Commission, EFCC, have stumbled on an account said to belong to an army officer with N400 million traced to the slush funds just as the ongoing probe of the disbursement of the $2.1 billion arms cash by the Office of the former National Security Adviser, ONSA, Col. Sambo Dasuki (rtd), is leading to more startling revelations.

A top source in the Commission confirmed last night that the top operatives probing the disbursement of the arms cash, which is now the subject of prosecution in a High Court.

The account, domiciled in a third generation commercial bank, had been frozen by the EFCC and efforts made to track the suspect and others yet to be summoned.

It was gathered that beyond the army officer, whose name was still being kept secret to avoid raising eyebrows, the EFCC had identified other military personnel, who had at one time or the other drawn money from the ONSA and was keen on getting them to account for it.

A source said that it was as a result of the discovery of the names of the military personnel that the EFCC formally wrote to the Defence Headquarters to release the identified officers and men to the Commission for questioning.

An officer with the rank of a colonel from Delta State, said to have served as a PA to the embattled ex-NSA, had already been arrested and detained by the EFCC for over three weeks over the discovery that he took huge sums meant for arms procurement.

He is said to have been saddled with procurement under the former NSA and had used his position to acquire stupendous wealth, including the acquisition of imposing buildings in choice areas of the FCT.

A top operative of the commission had, on Monday, said the commission had written to the Defence Headquarters and the heads of the three services of the Armed Forces for the release of some personnel needed by the anti-graft agency to shed light on their roles in arms procurement in the past administration.

The Defence Headquarters on Monday had said the military would not tolerate corruption, which it noted had retarded the development of the country.

The Acting Director, Defence Information, Brigadier General Rabe Abubakar, has stated that the military was fully in support of the Federal Government’s campaign against corruption.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Army OfficerEFCC
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Five Arrested Over Alleged Plan to Attack Goodluck Jonathan’s Residence in Bayelsa
Next Article Release Kanu, Metuh, Dasuki In 7 Days – Democracy Group Warns Buhari

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?