Arms scam: Nigeria indicts 300 firms over fake contracts

Arms scam: Nigeria indicts 300 firms over fake contracts

Nigeria has indicted over 300 companies and prominent individuals, including serving and retired military officers, for defrauding the country of millions of dollars in fake contracts, the presidency said.

The contracts are linked to former national security adviser Sambo Dasuki, who served under former president Goodluck Jonathan from June 2012 until his sacking in July last year by current premier Muhammadu Buhari.

Buhari took office last May and has since launched a crackdown on endemic graft with some high-profile arrests made over the fictitious arms contracts to fight Boko Haram worth some $2 billion and also linked to the former spy master.

A separate committee was set up to investigate other deals awarded by Dasuki, 60, between 2011 and 2015.

“Over seven billion naira ($5 million) has been recovered so far from the indicted companies and individuals,” the presidency said in a statement, adding that another 41 billion naira is due to be paid back soon.  Read more 

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