The Economic and Financial Crimes Commission has put the total amount of funds stolen for the money meant for the purchase of arms at $15bn as against the widely publicised figure of $2.1bn.
The commission made this staggering discoveries in the process of investigating the alleged fraud relating to the diversion of $2.1bn meant for prosecution of the war against Boko Haram.
The total anti-insurgency money diverted by various personalities and agencies was over $15bn, it was learnt.
The $2.1bn represents the arms cash placed under the Office of the National Security Adviser, then headed by the immediate past NSA, Col. Sambo Dasuki (retd.).
Ex-military chiefs, including a former Chief of Defence Staff, Air Marshal Alex Badeh (retd.); and a former Chief of Air Staff, Air Marshal Adesola Amosu (retd.), had been quizzed for their alleged roles in the arms scam.
Badeh and Dasuki are currently standing trial on charges relating to the alleged fraud.
According to a top source at the commission, top source at the commission, who confided in The PUNCH on Tuesday, said the EFCC and the presidential panel on arms procurement, during investigations, discovered that $2.1bn fraud was just for one of the several transactions.
The source added that the commission discovered that top military officers deliberately incorporated companies to divert anti-insurgency funds for their personal uses.
“We have discovered that the total money in the arms scandal is over $15bn, not $1.2bn that was initially discovered. The $2.1bn was just for one transaction. Many of these military officers set up companies for the purpose of diverting money meant for the prosecution of the anti-insurgency war,” he said.
