As part of its investigation into the $2.1 billion arms scandal, the Economic and Financial Crimes Commission has reportedly started tracing landed assets of some ex-service chiefs. According to Punch Newspaper, the anti-graft agency is tracing the properties bought by former top military personnel during their stint in office to determine if the chiefs illegally bought... Read More

$2.1 billion, Arms purchase, corruption, dasuki

January 7, 2016

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‘There’s nothing like $2.1bn arms deal… it doesn’t exist’ – Raymond Dokpesi

Former Chairman of Daar communications, Raymond Dokpesi says the ongoing investigation into the alleged diverson of $2.1 billion is a figment of the imagination of the current administration. Dokpesi said the All Progressives Congress-led federal government is using the investigation as an attempt to ‘destroy the very root of the Peoples Democractic Party’. The PDP... Read More

Featured, The News Blog

$2.1 billion, arms deal, Raymond Dokpesi, Sambo Dasuki

July 1, 2015

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$2.1 billion drama: Oshiomole replies Okonjo-Iweala, says she is not transparent

Former minister of finance Ngozi Okonjo-Iweala and Edo state Governor Adams Oshiomhole have accused each other back and forth over the recent $2.1 billion controversy. Oshiomhole, a member of the newly inaugurated National Economic Council (NEC), had earlier revealed that Okonjo-Iweala, spent $2.1 billion from the Excess Crude Account (ECA) without authorization. Okonjo-Iweala denied the allegation,... Read More

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$2.1 billion, CBN, Okonjo-Iweala, Oshiomhole