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EXPOSED: PANEL TRACES N2BN TO CHILDREN OF FORMER ARMY CHIEF

Nigerian Army Headquarters in Abuja
The last has not been heard from the $15 bn arms deals. The latest is that the Presidential Committee on Audit of Defense Equipment Procurement (CADEP) has traced about N2 billion meant for the purchase of vehicles for the Nigerian Army, to the accounts of five children of former Army Chief between 2011 an 2013! Both companies used in the transactions—Chok Ventures Ltd and Integrated Equipment Services Ltd share the same registered office and had one name as common controlling shareholder and signatory to the accounts. And the big surprise? The committee found no credible  evidence of delivery of those vehicles! What a shame! Just how would the country prosper!

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