$2.1b Arms Deals: EFCC Traces Transfers To 11 Foreign Accounts In UK, US, Niger

Much of the $2.1billion arms funds put in care of the Office of the National Security Adviser (ONSA) by the Jonathan Administration was paid into 11 different accounts in the United Kingdom (UK), United States of America (USA) and Niger Republic, further probe of the money has

revealed.Dozens of Peoples Democratic Party (PDP) leaders, top government functionaries and retired/ serving military officers had earlier been linked with the sharing of the slush funds. Some of them are already facing charges in connection with the funds disbursement.The  Economic and
Financial Crimes Commission ( EFCC) which is investigating what became of the money which was originally earmarked for the procurement of arms to prosecute the  anti-Boko Haram war has traced payment transfers to more the foreign accounts.Sources said yesterday that more accounts into which the funds were paid by the ONSA might be uncovered in the next few weeks.The agency may seek collaboration with its counterparts in other nations to determine the legality or otherwise of such transfers.Although the payment mandates indicated that the wired funds were for technical equipment or supply of vehicles, the EFCC is interested in establishing  whether or not the items were delivered and if the costs of the items were inflated or not.Some of the transfers, according to sources, were effected through ONSA Foreign Operations Account No. 100367-USD-CABANK- with FBN Bank UK and a few others through the Central Bank of Nigeria and some commercial banks in the country.Transfers being investigated are as follows: $10million (July 11, 2014) BSIC-NIGER, Code Bank NE 110, Swift Code BSAHNENI, Account 020383700112 );
    $38million paid to Societe Nigerienne de Banque (H0064B0100125111123981/22 CODEBIC( May 20, 2014)$16million to a different account in Societe Nigerienne de Banque (H0064B0100125111123981/41 CODEBIC (May 20, 2014)€1,401,869 transferred to SONIBANK (Republique du Niger (October 2, 2013)€1, 395,346.84 to another account in SONIBANK( Republique du Niger on December 11, 2013*€2,252,252.25 wired to SONIBANK (Republique du Niger) on April 1, 2014.$36million remitted into CitiBank N.A.Canada Square, Canary Wharf London E14 5LB on May 20,2014;
    $5million to CitiBank N.A. Canada Square, Canary Wharf London E14 5LB on June 4, 2014
    $30million to CitiBank N.A.Canada Square, Canary Wharf London E14 5LB on March 9, 2015
    $50million to Deutsche Bank Trust Company in New York on March 9, 2015
    $6, 954,000 to Deutsche Bank Trust Company in New York on April 21, 2015.A reliable source in EFCC said: “We have succeeded in retrieving documents relating to some funds that were wired abroad by ONSA. We were able to identify more than 11 foreign accounts and the actual remittances.