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How MOD squandered N35bn loan on substandard military equipment – report

•Money were disbursed without reference to our offices-Military chiefs •Mostly expended before 2011 Jude Johnson with reports from Everest Amaefule and Olaleye Aluko (TP) The Presidential Committee report on the Audit of Defence Equipment Procurement in the Armed Forces from 2007 to 2015 has accused Nigeria's Ministry of Defence (MOD) of misappropriating

$500m Chinese loan: Nigerians have no reason to panic – DMO

The Debt Management Office, DMO, has reassured the Nigerians that there is no risk of default on the 500 million US dollars loan expected from China. The department gave the reassurance in a statement on Tuesday in Abuja. DMO’s statement is in reaction to public concern following the announcement at the Forum on