Out of the diverted arms procurement funds, the Economic and Financial Crimes Commission has recovered another N84m from the former Director of Finance and Budget of the Nigerian Air Force, Air Commodore O. O. Gbadebo.

11 senior Air Force officers are being investigated by the EFCC over the $2.1bn arms funds scam- out of which the NAF purportedly got 10 contracts said to be worth $930,500,690.00.

Punch Newspapers quotes a source from the EFCC to have stated that the funds was diverted from the arms purchase budget, in the account of the Air Force.

The source said: “After we sealed some properties last week, we continued to grill the three officers. Gbadebo finally confessed to diverting N84m into his company account. The money was swiftly recovered.”

“We have also seized a large fish processing company belonging to Adigun. He also manufactures fish feeds, which he sells to end users.”

“There have been reports that $1m was recovered from a soak away in Amosu’s Badagry home. This is not true.”

“The actual amount recovered was about $117,000 and it was kept in a safe in the house and not in a soak away. The money is currently in our exhibit room. We also recovered N200, 000 in cash from the house.”

Furthermore, the EFCC detective explained that the suspects- especially those in the Armed Forces- usually used their wives to carry out their dubious transactions.

He said the Air Force officers would first use third parties to set up companies and bank accounts, to which their wives would be signatories- before eventually transferring their looted funds.