President, govs spend unaudited N241bn annually on security votes – TI - kubwatv

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President, govs spend unaudited N241bn annually on security votes – TI

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Transparency International says the offices of the President, 36 governors and 774 local government chairmen in Nigeria, spend unaudited $670m (N241bn) yearly on security votes.
Hildrew told reporters: “Security votes are opaque and corruption-prone and the security funding mechanisms widely used across Nigeria’s three tiers of government; a significant percentage of the country’s overall security spending, the secretive unaccounted for add up to an estimated $670m annually.
Hildrew also stated that there was a need to ensure that those controlling the funds were held accountable.
“So, there is a wide issue in the defence sector which is defence ‘exceptionalism.’ That is the public allows the defence sector to be unaccountable for what they spend because of national security issues.

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