Dasuki In Fresh N80 billion Scandal

By Ikenga Chronicles January 13, 2017

Reports say the embattled former National Security Adviser, Sambo Dasuki, received over N80 billion to execute projects not related to his office through former President Goodluck Jonathan.

The amount according to analysts is more than the 2017 budget of Nasarawa State or equivalent to the budget of five average federal ministries combined.

Recall that Dasuki is already on trial for alleged misappropriation of $2.2 billion dollars arm procurement deal.

According to the documents: ‘’Payments were made in five batches from two special fund accounts namely – the Stabilisation and Residual Account and Development of Natural Resource Account. Some of the funds were spent on projects such as dam construction, protection and surveillance.’’

The biggest chunk of the money ₦36.4bn was processed on 24/03/2014 to NSA via a letter referenced PRES/87/MF/-2/235/100/MWR/107/149/NSA/625 and NSA/SH/600/A of 6th March, 2014. The Central Bank of Nigeria released the money on March 26, 2014.

The said letter ordered the Office of the Accountant General of the Federation to release the fund from the Federal Government of Nigeria Development of Natural Resources Account for the protection of 20 selected dams including helicopter surveillance, rehabilitation of Kiri Dam and construction of Mangu Dam.

Investigations show that the contracts didn’t follow due process even before the release of the fund. In the same vein, a visit to some dams in Abuja and some north eastern parts of Nigeria by some auditors have no proof of NSA staff at the dams even during the peak of the crises. The auditors also did not witness any helicopter landing platform at the dams.

Another payment  of  ₦30 billion was made on March 11, 2015 to the former NSA approved by the former Coordinating Minister of the Economy and Minister of Finance, Mrs Ngozi Okonjo-Iweala for security related transactions vide memo REF. DFD/OAGF/365/1 and FD/5385/S.44/IV/T/307 of 2nd & 3rd March, 2015 from the stabilization and residual account. The letter did not contain details of the security related transactions.

According to some observers, the release of the funds contravened the extant laws of Nigeria.

The constitution of the Federal Republic of Nigeria Section 80(3) stated that “No moneys shall be withdrawn from any public fund of the federation other than the Consolidated Revenue Fund of the Federation unless the issue of those moneys has been authorised by an Act of the National Assembly”

Also the Revenue Act, states that the Stabilisation Fund, “shall be used to initially augment the allocation to any state of the federation that suffers absolute decline in its revenue arising from factors outside its control in accordance with the acceptable threshold, to be worked out by the National Revenue Mobilisation Allocation, and Fiscal Commission, at which recourse can be had to the Fund and for how long.”

 

Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

<