$2.1billion Arms Procurement Fraud in Nigeria: Its Impact on National Security, Peace and Sustainable Economic Development in Jonathan’s Administration 2011-2015

The lack of transparency and accountability in governance in Nigeria pose a big problem to National Security, Peace and Sustainable economic development as a result of serial bombing, armed robbery, hostage taking, ethno-religious conflicts, cold-blooded, killings traceable to militant groups with conflicting ideological, political and religious agenda. Poor governance, political instability and a cyclical legitimacy crisis become the order of the day as Nigeria state is seen as a victim of high-level corruption. Consequently, the preponderance of terrorist activities especially those conducted daily over a decade by both the Niger Delta and Boko Haram has been an insidious act and has become a nationwide concern in Nigeria especially in Jonathan’s administration of 2011-2015. Specifically evaluating the $2.1 Billion arms procurement fraud or scandal carried out by the nation’s National Security adviser and his political cohort or gladiators during the period under review. This paper argues that the lack of transparency and accountability in governance during the period under review 2011-2015 is responsible for the incapacitation of the Nigeria military in combating the menace of Boko Haram Sect and the Niger Delta militant, National Insecurity challenges and the lack of Sustainable economic development. This paper adopted secondary data sources of information.