How much of the $2.1 billion arms purchase cash went into the Ekiti and Osun states governorship elections? What role did a former minister play in the alleged diversion of the funds?
These are some of the questions the Economic and Financial Crimes Commission (EFCC) is battling to answer in its probe of the phoney arms deals that set the treasury back by millions of dollars.The cash was wired into the former minister’s accounts, the anti-graft agency is believed to have discovered.
Governorship elections were held in Ekiti (June 2014) and in Osun (August 2014).But the former minister, one of the leading lights of the Peoples Democratic Party (PDP) in the Southwest, has sneaked out of the country.
It was learnt that he may relocate from his hideout because it is considered as “unsafe” for him.There are fears that if he remains in the hideout, his extradition for trial would be easier, a source told The Nation.
The source said: “The huge funds were paid into the accounts of the ex-Minister for elections in the two states.
“There are allegations that the funds were not disbursed as expected because the candidates had their own campaign funds.
“Although some military and security personnel were to benefit from the slush funds, they were also shortchanged.”
Some bankers who managed the accounts have already given some information to EFCC investigators.
“But we have discovered that the ex-Minister has sneaked out of the country. As soon as we establish his whereabouts, we know what to do,” the source said.
The Nation could not reach the former minister last night.