The Economic and Financial Crimes Commission has revealed that the money diverted from arms purchase funds is over $15bn, as opposed to the $2.1bn initially alleged to have been embezzled.
The $2.1bn was said to be the arms funds domiciled in the Office of the former National Security Adviser, Col. Sambo Dasuki (retd.).
Punch Newspapers reports that the EFCC discovered that the total anti-insurgency money diverted by various personalities and agencies was over $15bn.
A source at the commission revealed that during investigations, the EFCC and the presidential panel on arms procurement discovered that the $2.1bn fraud was just for one of the several transactions.
“We have discovered that the total money in the arms scandal is over $15bn, not $2.1bn 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,” the source was quoted to have said.
