President Buhari has condemned in strong terms the recent discovery of syphoning of funds meant for the security of the nation by those in authority before he took over the leadership of Nigeria. In his words, his office said:
“The findings made so far are extremely worrying considering that the interventions were granted within the same period that our troops fighting the insurgency in the northeast were in desperate need of platforms, military equipment and ammunition... Had the funds siphoned to these non-performing companies been properly used for the purpose they were meant for, thousands of needless Nigerian deaths would have been avoided... investigations unearthed several illicit and fraudulent financial transactions... It was observed that in spite of this huge financial intervention, very little was expended to support defence procurement... award of fictitious and phantom contracts” totalling some $2 billion, supposedly to buy four Alpha (fighter) jets, 12 helicopters, bombs and ammunition... were not executed and the equipment (was) never supplied to the Nigerian Air Force, neither are they in its inventory... for unascertained purposes, without documents to explain the transactions”.
“It is worrisome and disappointing that those entrusted with the security of this great nation were busy using proxies to siphon the national treasury, while innocent lives were wasted daily."
Presidency has orederd that everyone found involved in this HUGE fraud should be brought in for questioning irrespective of his or her standing in the society.