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Reps Grill EFCC, ICPC, Others Over Alleged Looting of Recovered Loots


(AFRICAN EXAMINER) – The House of Representatives Adhoc Committee on Assessment and Status of All Recovered Loots on Wednesday grilled the Economic and Financial Commission (EFCC), the Independent Corrupt Practices and Other Related Offences (ICPC) over recovered loots.
Others grilled by the House Committee include; the Nigeria Security and Civil Defence Corps (NSCDC), Nigeria Sovereign Wealth Fund among others in Abuja.
Mr Abdulrasheed Bawa, the Chairman, EFCC said that the agency had the available record of the amount recovered.
Bawa while answering questions on the much celebrated $43 million loot recovered from Ikoyi in 2017, said that the money had been forfeited to the Federal Government. ....

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Breaking News | Insecurity: Only 9% Of Military Budget Is Spent On Arms — Gbajabiamila


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As Armed forces reject N100bn fund to tackle insurgency  By Tordue Salem The House of Representatives Monday disclosed that only a paltry nine percentage of billions of dollars spent on armed forces is spent on the purchase of arms to battle insecurity in the country.
The House, through the Speaker of the House, Femi Gbajabiamila, made the disclosure at a public hearing on a proposed law to compel the thirty six states of the federation, Federal Inland Revenue Service(FIRS), Airlines operating in Nigeria, Nigeria Sovereign Wealth Fund and sundry grants from agencies to provide funding for the Nigerian Army, Navy and Airforce to effectively battle insecurity in the country. ....

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