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The Centre for Democracy and Development (CDD) has claimed that a total sum of $15 billion (over N6.1tr) has been squandered through fraudulent arms procurement deals in the last 20 years.
In its report, the political and security elite monetised the conflicts and the resultant humanitarian crises.
CDD was established in the United Kingdom in 1997 and registered in Lagos, Nigeria, in 1999 to promote the values of democracy, peace and human rights in Africa.
The report said successive governments’ failure to rein in on corruption in the security sector weakened the country’s counter-terrorism capacity, allowing groups like Boko Haram to fester.
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