Breaking: Read what the federal government has just done to chief of army staff

– Reports say he was found to be innocent of allegations made against him

– Sources say the Army chief remains focused on war against Boko Haram

Lt General Tukur Buratai, Nigeria’s Chief of Army Staff, has been cleared of the allegations that he owns assets outside the country.

According to PR Nigeria, the federal government has concluded investigations on the top military officer and he has been vindicated as his assets and military acquisitions are being shown to be based on capital market principles of shareholding.

The report stated that the capital market principle that governed the properties in issue is similar to having shares in companies instead of full ownership.

And after the necessary investigations have been carried out, the federal government has made bold to say that the ownership of the properties was based on being investors as shareholders just like those mentioned in the matter.

A competent source reportedly told PRNigeria that, “If you know the properties being referred to, you would know that they are like quoted companies. You buy into them and get dividends as profit from your investments. You can also do your own private findings on this fact.”

And speaking also on the issue, a military officer who is also involved in the investigation confirmed that apart from declaring the assets as required by law, “the Dubai property is real estate investment tailored to operate on capital market principles of shares for dividends and profits as proceeds from investment rather than total ownership of the property.

READ ALSO: Dubai properties: Defence minister defends Buratai

“The large scale farm produces grains, cassavas, millets and also has fish pond apart from variety of animal and reptile that provides specialised nutrients and medicament for different clients. The 1999 Constitution (as amended) under Fifth Schedule Part 1- permits a public officer to engage in farming.”

While Defence Minister, Muhammad Mansur Dan-Ali has come out publicly to disclose that the Army Chief did not hide the properties, as he declared them on more than one occasion to both the Nigerian Army and Code of Conduct Bureau (CCB), other investigations further buttressed the transparency in all the deals.

Meanwhile, suspicions raised over whether the army chief would be distracted by the allegations against him in the war against Boko Haram were quickly quashed as an officer who pleaded anonymity informed that, “General Buratai has taken personal efforts to ensure that innocent officers are not unduly sanctioned and had suggested retirement rather than dismissal on some of the offences to protect the image of the military.

“In fact that was the reason he always guards against disclosure of the identities of affected officers to avoid stigmatisation. Even though many officers and friends are disturbed about recent campaigns against him, General Buratai has remained calm leaving everything to God.”

When the news about the ownership of assets abroad broke out, Nigerians were quick to lash out at the COAS, especially with most of them assuming he spent the funds meant for the war against insurgency on personal gains and assets.

They were also livid that his annual salary would not have been so much that he would have the luxury of building such estates in the United Arab Emirates of all places.

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