President Muhammadu Buhari has terminated a new defence procurement contract which was said to have been midwived by the Minister for Transport, Rotimi Amaechi, over allegations of fraud.
The President was also said to have ordered the National Security Adviser and the Nigerian Intelligence Agency to investigate how the contractor obtained security clearance for the job without an end-user certificate.
Buhari also reportedly ordered that the contractor should be made to supply items equivalent to the $50 million upfront payment which they received recently.
The contract was signed off by the Federal Executive Council in December 2017.
A report by Guardian said Nigeria was meant to acquire three helicopters, three aircraft, three big battle-ready ships, 12 vessels and 20 amphibious cars to secure Nigerian waters from the ‘Israeli company’.
The deal had been criticised and described as a contract designed to steal, with Amaechi fronting for the government.