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Acting President, Yemi Osinbajo, has disbanded the Presidential panel, set up by President Muhammadu Buhari, to probe arms procurement, between 2007 and 2015, Post-Nigeria has authoritatively gathered.
Recall, that it was the panel that indicted the embattled former National Security Adviser, NSA, Sambo Dasuki.
It was gathered, that among other reasons, the panel, which uncovered a $15bn fraud in arms procurement, was scrapped, because the government believed it had outlived its usefulness.
The panel had submitted its first interim report in November 2015, while it presented the second report in January 2016, following which Buhari ordered the Economic and Financial Crimes Commission, EFCC, to investigate 18 serving and retired Military Officers, mainly from the Air Force.
Investigation revealed that the panel, which has AVM J.O.N. Ode (retd.) as the Chairman, was dissolved by the current National Security Adviser, NSA, through Osinbajo.
A top government official, who spoke on the condition of anonymity, said that the panel was asked to hand over to the EFCC.

When asked why the panel was dissolved, the source said the NSA who set up the Committee, was of the view that it had run its course.
“The NSA is of the view that they have run out of time. You know they have a time frame, and he said they wanted to perpetuate themselves. And you know they have a budget, and have been drawing money,” the source said.
However, another top official in government, who craved anonymity, confirmed that it was disbanded to avoid a clash with the NSA.
Meanwhile, a source close to the Committee, said that he is not aware of the dissolution.
“I have not been told officially that the panel has been dissolved. It was the President that set up the panel. We will wait for him to return,” he said.
Buhari had on January 15, 2016, directed the EFCC to carry out further investigation into the alleged misconduct established against some retired and serving Officers of the Nigerian Air Force and Nigerian Army.
Apart from Dasuki, those affected included: a former Chief of Defence Staff, Air Chief Marshal Alex Badeh (retd.); and two former Chiefs of Air Staff, Air Marshal MD Umar (retd.); and Air Marshal Adesola Amosun; among others.

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