EFCC to Summon Okonjo-Iweala, Top CBN Officials Over $2bn Arms Deal Probe- VANGUARD


Nigeria – The EFCC is set to summon former Minister of Finance, Dr. Ngozi Okojo-Iweala and some top officials of the CBN to shed more light on what they know about the arms budget said to have been diverted by bigwigs of one of the political parties, Vanguard reports.

Also to be invited based on evidence of disbursement from the apex bank, are some serving and retired top officials of the CBN who helped in the disbursement of the arms cash to the beneficiaries.

The decision for the summon followed the discovery that the bank played an active part in wiring various sums of money to persons and institutions at home and abroad without paying attention to due process.

It was the gamut of transaction documents from the CBN that has assisted them to trace and arrest the high profile politicians and their cronies, who benefitted from the public funds meant for arms, Vanguard said.

“It is clear from our discovery that some money taken from the Abacha loot was used to secure some arms and fight insurgency but it is also clear that a larger part of the money was diverted and nobody raised an eyebrow,” someone familiar with the matter said.

“We want these people to come and give us further clarifications on why they released the money and who got what and why,” the person added.

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