The Centre for Democracy and Development, CDD says over 15 billion dollars naira, equivalent to 6.1 trillion naira have been squandered through fraudulent arms procurement deals in the last 20 years.
According to the Centre’s report, the political and security elite have
monetised the wars and the resulting humanitarian crisis.
It also added that successive Presidents’ failure to restraint in on
corruption in the security sector has weakened counter-terrorism
capacity, allowing groups like Boko Haram to smoulder.
The report however asserted that despite assurances by the present
administration to expose those sponsoring criminals, no individual or
corporation had been convicted in Nigeria for funding terrorism since
the insurgency started in 2009.