Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye (SAN) admitted yesterday that a former military chief was under investigation for depositing an N4 billion military budget into the accounts of his two companies to which he is a signatory.
However, he said the trial of the affected officer was “strangely and perversely frustrated” by a recently retired High Court judge.
The judge allegedly decided to forfeit some of the assets to the Federal Government of Nigeria while leaving the rest to the suspect.
According to Owasanoye, the commission had also uncovered how a military contractor allegedly received N6 billion from the Nigerian Army in suspicious circumstances and violation of extant legislation.
Besides, another N1 billion for security operations was allegedly diverted by some civil servants to four shell companies.
Owasanoye spoke during the National Policy Dialogue on “Corruption and Insecurity in Nigeria” in Abuja, saying cases of job racketeering abound in the security sector.
He described corruption as a major contributory factor to security challenges across the country
