TI - PRESIDENT AND GOVERNORS SPEND OVER N241BN ON SECURITY VOTES ANNUALLY

President and Governors, spend over N241bn on security votes yearly said transparency International.

Transparency International says the President, 36 governors and 774 local government chairmen across the country, spend $670m (N241bn) yearly on security votes which are not subject to audit or legislative oversight.

The Africa Director for TI’s Defence and Security Programme, Christina Hildrew, said this at a two-day event organised by the Civil Society Legislative Advocacy Centre in Abuja on Wednesday.

The event was titled, ‘Impact of Anti-Money Laundering and Illicit Financial Flows: Legislative, Policy and Institutional Gaps to Investigate, Prosecute and Convict for Anti-Money Laundering and Illicit Financial Flow charges.’

Speaking with journalists on the sidelines of the event, Hildrew said many officials divert funds under the guise of security votes.