The Centre for Democracy and Development, CDD, has claimed that a whopping $15 billion have been squandered through fraudulent arms procurement deals in the last 20 years.
According to its report, released yesterday, the political and security elite monetised the conflicts and the resultant humanitarian crises.
CDD was established in the United Kingdom in 1997 and registered in Lagos, Nigeria, in 1999 to promote the values of democracy, peace and human rights in Africa.
The report said successive governments’ failure to rein in on corruption in the security sector weakened the country’s counter-terrorism capacity, allowing groups like Boko Haram to fester.
In a related news troops of 5 Brigades and Sector 3 Joint Task Force, JTF, of Operation Hadin Kai, OPHK, have killed three terrorists at an illegal border market in Borno State.
The terrorists were reportedly killed last Friday during the troops’ clearance operation tagged ‘Operation Dominance’ in Damasak, a border town with Niger Republic.
Army Spokesman, Brig-Gen. Onyema Nwachukwu, yesterday in Abuja said that the troops came in contact with the terrorists at an illegal market they operated at Gallo Malawari village.
According to him, the troops also recovered an AK-47 rifle, a truck, two motorcycles, four empty magazines and rounds of ammunition among others.