Yesterday EFCC made a shocking revelation. The arms deal fraud that was on the tune of $2.1 billion have been found to be a fraction of it. The Commission discovered that a whooping $12.9 billion was also diverted to other uses. All together, the arms deal fraud is summed to a total of $15 billion at the moment.
As proof of their discovery, EFCC has frozen an account worth $500 million; £600,000 wristwatch seized from Mrs. Diezani Alison-Madueke, the former minister of petroleum; N2.6 billion Magnetic Resonance Imaging (MRI) machine seized from former Chief of Air Staff, Air Marshal Adesola Amosu and £1.4 million wristwatch seized from Omokore’s wife.
Report says that the owner of the $500 million is not yet known. It was also discovered that the arms deal money was routed to the cohorts of the deal from the First Bank account in New York.
“From our findings so far, the amount involved in the arms deals was over $15 billion. The $2.1billion which you have written so much about is just one transaction into an account in the First Bank of Nigeria in New York.”
Also seized from the former Minister of Petroleum, Deziani were “houses”, gold and diamond jewelries. Houses belonging to Jide Omokore at Banana Island, Lagos were also seized. Omokore’s wife had in her possession a wristwatch of about £1.4 million. This has also been confiscated. EFCC says the wrist watches still had their price tags.
Investigations imply that the $2.6 MRI machine was purchased by some of the funds diverted by Amosu. EFCC says that all the recovered “assets are apart from the N2.3 billion, houses, $140,000 and N381m recovered from Amosu’s wife.”It is speculated that many more military personnel will still be investigated on the arms deal fraud.
“Our priority is to recover these funds but we will still prosecute the individuals and companies involved. Most of these companies were incorporated by serving military officers and these officers were the sole signatories into the accounts of these companies.”
EFCC says that the culprits in question are not showing any remorse for their crime. They say for diverting and spending money meant for public projects with reckless abandon, that they will not go unpunished. The commission says that the arms deal fraud is the highest of money theft since their inception.