Nigeria: $15 Million Arms Scam

Vice President, Osinbajo
Nigerian Vice President Yemi Osinbajo said about $15 billion was lost by the previous administration to fraudulent security spending, almost three times more than was earlier estimated by the government.

Osinbajo, who along with President Muhammadu Buhari defeated Goodluck Jonathan in elections last year on an anti-corruption campaign, said the figure was only discovered a few days ago, dwarfing the previous estimate of $5.5 billion allegedly misappropriated from contracts to buy defense equipment to fight the Islamist militant group Boko Haram.


Last year Buhari, a 73-year-old former general and military ruler, ordered the arrest of Sambo Dasuki, Jonathan’s national security adviser, after a government commission alleged that he and other officials siphoned off funds meant for the military’s fight against Boko Haram.