Nigeria Ex-Security Chief Dasuki Faces Money-Laundering Charges

  • Dasuki, four others deny all 19 counts filed against them
  • Presiding judge set bail hearing for the accused on Tuesday

Sambo Dasuki, Nigeria’s national security adviser under former President Goodluck Jonathan, was charged with fraud and money-laundering in a court in the capital, Abuja, on Monday.

Dasuki appeared in court with four other people to face 19 criminal counts related to the use of 13.57 billion naira ($68.2 million), the Abuja-based Economic and Financial Crimes Commission said in an e-mailed statement. Judge Hussein Baba-Yusuf set a bail hearing for Tuesday after the accused persons denied the charges, the commission said.

Dasuki, 60, was arrested on Dec. 1 as part of a criminal probe of $2 billion worth of arms contracts, according to the anti-graft agency known as EFCC. Investigators allege he awarded “phantom” contracts for the purchase of jets, helicopters and other arms as troops on the front line against Islamist militant group Boko Haram complained of inadequate weapons.

President Muhammadu Buhari, who defeated Jonathan in March elections, has vowed to wage a war against corruption in Africa’s biggest economy and top oil producer.

Before it's here, it's on the Bloomberg Terminal.