• $15bn arms deals: Panel traces N2bn to five children of ex-Army Chief

    $15bn arms deals: Panel traces N2bn to five children of ex-Army Chief

    The Presidential Committee on Audit of Defence Equipment Procurement (CADEP) has traced about N2billion, meant for the purchase of vehicles for the Nigerian Army, to the accounts of five children of a former Chief of Army Staff.

    The accounts were said to have been frozen as at the time of filing this report.

    Also, the panel discovered that about 42 units of Armoured Personnel Carrier (APC) rejected by Iraq were resold to Nigeria to fight Boko Haram insurgents.

    It said the poor equipment […]