Skip to main content

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!

Comments

Popular posts from this blog

2015 GENERAL ELECTIONS SHOCKING REVELATIONS ABOUT FUNDS DISBURSEMENT

How the administration of former President Goodluck Jonathan frittered away the nation’s scarce resources is beginning to spill out – despite the shrill insistence by ex-Finance Minister, Okonjo Iweala that the records sheet were clean! Information pieced together by our investigators show that several paramilitary Agencies under the Federal Ministry of Interior shared a record 10 billion each for the purpose of influencing the March 28 General Elections in favour of the defeated incumbent.   However, things did not go down well with the ranks and file during the sharing. Outgoing Nigeria Security and Civil Defence Boss (name withheld) was said to have misappropriated the huge booty by allegedly pocketing 5 billion for himself, while declaring the other half (5 billion) as the sum total.   The bone of contention was that while the rank and file received 40,000 each some key associates close to the big guns went home with a hefty slice.   Causing the rumble.

OPEN LETTER TO HON. BABATUNDE FASHOLA

Permit me to go straight to the point.  All protocols observed Sir.  I note your massive achievement in your days as Governor of Lagos State.  And it is widely believed that your appointment as Minister of Works, Housing and Power would witness same admirable face-lift. As down to earth investigating Journalist, we travel a lot and wish to bring to your notice certain critical roads that need your urgent attention. One of them is the Lokoja-Okene highway.  Honorable Minister, the continued state of this road is a serious indictment and slap on the face of whoever is the Director of Federal Highways in your Ministry.  This major artery, as important as it is, has caused several unnecessary loss of lives.  There is simply no excuse for this road to remain in this dangerous state two years into the tenure of this administration.  What then differentiates the APC Government from the PDP, if not prompt attention to vital national assets? Seco...

PROF. ADEPOJU ADESHOLA OLATUNDE

Appointed since 1 st April, 2015 till date, Prof. Adepoju Adeshola Olatunde, Director-General of the Forestry Research Institute of Nigeria (FRIN) has left no room to chance.   The Ph.D holder in Agricultural and Environmental Economics (2002) from the Ahmadu Bello University, Zaria, Kaduna State has taken extra-ordinary steps to see the Forestry Institute to the next level of existence.   One of such steps is the repositioning of FRIN outstation for better research focus.   Others include renovation of dilapidated structures, repositioning of staff members for optimum performance, reclaiming/security all encroached land and resources of the Institute, successfully enacting on Act to Establish Forestry Research Institute of Nigeria for Forestry Research; Education and Training; establishing Six strategic Rural Resource Centers for communities engagement, capacity building and extension services. Prof. Adepoju who also holds B.Agric (Agricultural Economics), 1995 ...