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Insecurity: Where are the arms we bought for $1bn? – Wike queries Buhari’s govt

The Governor of Rivers state, Nyesom Wike, has quizzed the Federal Government about the $1billion, that was withdrawn from the Excess Crude Account (ECA) to purchase arms to tackle insecurity.

Insecurity: Where are the arms we bought for $1bn? – Wike queries Buhari’s govt 1

Wike asked the questions while speaking during a recent interview on Channels Television’s Newsnight which aired on Monday.

He asked President Muhammadu Buhari to hold officials accountable for their actions.

The National Economic Council (NEC) had on December 15, 2017 agreed to utilise $1billion from Nigeria’s excess crude account to tackle Boko Haram insurgency and other security challenges.

The meeting which was chaired by Vice President Yemi Osinbajo had the 36 state governors in attendance and it came as the state governors pledged to support the Federal Government to rid the North East of the insurgents.

Four years after, several questions have been raised by many, including Governor Wike regarding the purchase of the equipment, especially as insecurity has worsened since then.

“I remember there was a time when $1 billion was taken from the Excess Crude Account to provide for security. Where is the equipment that we bought,” Wike questioned.

“If I should release that money as the Chief Security Officer, knowing how Nigeria is, I will make sure that those weapons and the right ones were bought.”

Updated: May 7, 2021 — 6:53 pm

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