Nigeria: U.S.$44 Million Vanish From NIA Vaults

24 January 2018

Nigerians received another big shock last week when another $44million was reported to have vanished from the vaults of the National Intelligence Agency (NIA). Daily Trust on Sunday reported, quoting top security sources, that $44million in cash kept in NIA's vaults in Abuja was removed to an unknown destination two days after Ahmed Rufa'i Abubakar was appointed as its new Director General.

According to the story, the Jonathan administration released $260million to NIA as General Intervention Fund. At the time the Federal Government launched an investigation into the funds last year, only the cash discovered in Lagos and the $44million lying in the Abuja vault remained to be expended out of the original $260million. It said certain powerful forces mounted pressure on NIA's acting DG, Ambassador Mohammed Dauda to use the money since it is the property of the NIA but he refused. Two days after President Buhari replaced Dauda with a substantive NIA DG, a black bullion van arrived at NIA's premises at around 6am on Friday and removed the money to an unknown destination

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