Showing posts with label How Jonathan Awarded $500 Million Defense Contract To Arthur Eze For Purchase Of Refurbished Helicopters. Show all posts
Showing posts with label How Jonathan Awarded $500 Million Defense Contract To Arthur Eze For Purchase Of Refurbished Helicopters. Show all posts

Wednesday, 11 March 2015

How Jonathan Awarded $500 Million Defense Contract To Arthur Eze For Purchase Of Refurbished Helicopters





“The PDP is still failing the basic mathematics,” a political analyst told SaharaReporters.  “They can squander all of the money in the Central Bank trying to damage the reputation of everyone in the opposition, but how does that provide a cover for the ineptitude and corruption of the Goodluck Jonathan government?  Does that explain why Nigeria is far worse than they found it?  That is the question Nigerians will be answering when they go to the polls in three weeks.”
SaharaReporters has obtained documents relating to a scandalously inflated $500 million defense contract that President Goodluck Jonathan awarded to Arthur Eze, a Nigerian businessman with a shady past, a close friend of the president and his wife, and a major financier of the ruling Peoples Democratic Party (PDP).
Our security sources said some officers of the Nigerian Air Force (NAF) were furious over the jumbo contract described by one source as “a pure waste.” The sources, most of them military personnel, told our correspondent that, in addition to its sheer extravagance, the contract has also saddled the Nigerian military with helicopters that have limited or no combat utility.
The documents obtained by our correspondent reveal that Mr. Eze, the chief executive of Triax, received the gigantic sum of $466.5 million in order to weaponize six Puma helicopters with the aid of an Israeli company named Elbit Systems. This meant that each weaponized helicopter cost close to $78 million. “For the price of each helicopter provided by Engineer Arthur Eze, the Air Force could have acquired seven top grade military helicopters,” said one of our sources.