DasukiGate: Presidency Says More Than 300 Companies Has Been Indicted & 7 Billion Recovered

Between 2011 and 2015 Presidential committee probing contracts awarded by Office of the National Security Adviser ONSA, has indicted over 300 companies and prominent citizens which includes retired military officers.
According to TheBreakingTimes, Over 7 billion has been recovered so far from thr indicted companies and individuals while another 41 Billion Naira is to be refunded by them, according to presidential statement on thursday night.

The Presidency has also or­dered further investigation by the Economic and Financial Crimes Commission (EFCC) to determine whether another N75 billion should be recovered from some of the companies for unexecuted or partially executed contracts.
The committee, which is different from another one investigating the Defence Arms and Equipment Procurement, established that one of the in­dicted companies, Societe D’Equipment International, was overpaid to the tune of 7.9 million Euros and $7.09 mil­lion.It discovered that there was a total disregard of salient provi­sions of the Public Procurement Act in the award of contracts by ONSA, according to the state­ment issued by presidential spokesman, Garba Shehu.Several contractors were ap­parently overpaid while others were given full upfront pay­ments contrary to their contract terms and agreements in force.There was also evidence of payments to individuals and companies by ONSA without any contractual agreement or evidence of jobs executed. The committee further discovered that some companies failed to meet up their tax obligations for contracts executed.The committee succeeded in recovering some of the funds from these individuals and organizations amounting to N3.53 billion; $8 million and houses worth N512 million from 32 companies.The committee also estab­lished that some individuals and companies received monies without evidence of contractual agreements or jobs done; yet they collected a total of N7.10 billion.The statement listed the af­fected individuals and compa­nies, which included the for­mer National Security Adviser, retired Colonel Sambo Dasuki, who is already on trial for fraud he allegedly committed while in office.