NAPIMS is a subsidiary of the Nigerian National Petroleum Corporation (NNPC) which manages the investments of the national oil company.
No wonder a lot of our money is missing through NNPC. But why?
It was also from NNPC’s accounts that the office of NSA (Sambo Dasuki) withdrew the bulk of the $2.1bn it got for “Boko Haram operations” in the months leading to the 2015 elections.
According to The Cable, funds were approved for NIA’s 'covert operations' by President Goodluck Jonathan and subsequently withdrawn in cash from NAPIMS account at CBN.
The entire NIA budget for 2015 was a little over N25 billion which was about $160 million at the time — further suggesting that the payment was extra-budgetary.
The Department of State Services (DSS) also got huge sums of cash in naira and dollars for 'covert operations' in the run-up to the elections.
These revelations are coming in the light of recovery of about N15billion in a flat in Ikoyi, by the Economic and Financial Crimes Commission (EFCC) following a tip-off from a whistle blower.
NIA said it was its money and that it was meant for “covert operations” — according to reports.
There is now strong indications that the Ikoyi Billions might have been part of the $289,202,382 released to the agency two years ago under Jonathan.
A presidency source had told The Cable that President Muhammadu Buhari was not briefed on the funds which were warehoused at a private apartment.
Although Oke reportedly said the apartment belongs to NIA, SR alleged that it belongs to Chobe Ventures — owned by Folashade Oke.
The now suspended NIA DG has a wife named Folashade Oke, further fuelling speculation that our money became a "family affair".
But NIA is said to have claimed that the money was only “in transit” at the Ikoyi apartment for onward movement to the agency’s property elsewhere.
A senior presidency official said, “The circumstances make everything suspicious.”
It was also from NNPC’s accounts that the office of NSA (Sambo Dasuki) withdrew the bulk of the $2.1bn it got for “Boko Haram operations” in the months leading to the 2015 elections.
According to The Cable, funds were approved for NIA’s 'covert operations' by President Goodluck Jonathan and subsequently withdrawn in cash from NAPIMS account at CBN.
The entire NIA budget for 2015 was a little over N25 billion which was about $160 million at the time — further suggesting that the payment was extra-budgetary.
The Department of State Services (DSS) also got huge sums of cash in naira and dollars for 'covert operations' in the run-up to the elections.
These revelations are coming in the light of recovery of about N15billion in a flat in Ikoyi, by the Economic and Financial Crimes Commission (EFCC) following a tip-off from a whistle blower.
NIA said it was its money and that it was meant for “covert operations” — according to reports.
There is now strong indications that the Ikoyi Billions might have been part of the $289,202,382 released to the agency two years ago under Jonathan.
A presidency source had told The Cable that President Muhammadu Buhari was not briefed on the funds which were warehoused at a private apartment.
Although Oke reportedly said the apartment belongs to NIA, SR alleged that it belongs to Chobe Ventures — owned by Folashade Oke.
The now suspended NIA DG has a wife named Folashade Oke, further fuelling speculation that our money became a "family affair".
But NIA is said to have claimed that the money was only “in transit” at the Ikoyi apartment for onward movement to the agency’s property elsewhere.
A senior presidency official said, “The circumstances make everything suspicious.”
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