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Dasuki See breakdown of how $2.1bn arms deal funds were shared

The funds were meant for the procurement of arms for Nigeria’s military but were shared to various persons and companies.

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Former National Security Adviser (NSA), Sambo Dasuki is currently being investigated for allegedly supervising the looting of $2.1 billion from Nigeria’s coffers.

The funds were meant for the procurement of arms for Nigeria’s military but were shared to various persons and companies.

According to Channels TV, this a breakdown of how the money was shared:

  1. N10billion exchanged at $47m and some Euros for PDP delegates.

  2. N4,633,000,000 to Sagir Bafarawa of Dalhatu Investment for vehicles, motorcycles for youth empowerment and women sent to Saudi Arabia.

  3. N400million to Jabbama Ada Global Nigeria Limited

  4. N750m to R.R. Hospital

  5. N1.25b to ACACIA Holdings LTD

  6. N150m to Barr. I.M. Bala

  7. N350m to African Cable TV

  8. N159m to Nigerian Defence Academy

  9. N350m to B.B.

  10. N125,503, 255.11 to Abuja Electricity Distribution Company and

  11. N119m to Coscharis Motors.

  12. N380million was given to Basha Nigeria Limited owned by Hon. Bello Matawalle, for further disbursement to members of the House of Representatives as campaign contribution.

  13. N751million to HEIRS BDC Limited for conversion to forex from the account of the NSA, used for operation in the Office of the NSA.

  14. Payment of N1.5billion from the Office of the National Security Adviser for political campaign in the 2015 general elections.

  15. Sum of N2.120billion from ONSA to DAAR Communications for media activities for the Presidential Campaign 2015.

  16. $146,639,019.00 to E-Force Inter-Service Ltd.

Dasuki was arrested by the Department of State Services (DSS) on December 1, 2015 and handed over to the Economic and Financial Crimes Commission (EFCC) the day after.

READ: Buhari orders Dasuki's arrest

The former NSA is reported to have implicated several prominent persons in the deal including former governors, ex-ministers and members of the PDP.

READ: Dasuki has started confessing

Dasuki’s lawyer however denied the report that his client had become an informant while the former NSA said that ex-President, Goodluck Jonathan was aware of the transactions he had made.

READ: Bafarawa reportedly received N4.6 billion from Dasuki for spiritual purposes

Jonathan has also denied authorizing the release of the stated funds despite the former NSA’s claim that he got the necessary presidential approval for the transactions.

Dasuki was charged to court on Monday, December 14, but pleaded not guilty to the allegations levelled against him.


Watch PBS News Hour report on Dasuki's looting spree below:

Should Dasuki be forgiven if he confesses?»

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