Alleged Coup Scandal: ₦11 Billion Discovered In Arrested Colonel’s Bank Account – Military Insider Reveals

About ₦11 billion has reportedly been traced to the bank accounts of a Nigerian Army colonel linked to the alleged coup plot involving several senior military officers.....KINDLY READ THE FULL STORY HERE▶

Top security sources told The Punch that the discovery of the funds further strengthened suspicions connecting the detained officer to the foiled plan.

According to an insider familiar with the investigation, the colonel — who previously served under a brigadier general also being probed — had once been deployed to the Niger Delta region.

“When questioned, the colonel claimed the money belonged to a former governor whom he described as his business associate,” the source revealed. “He insisted the funds were intended for a legitimate business deal.”

The ongoing investigation is part of a wider probe launched after intelligence gathered in August 2024 indicated that some serving military officers were allegedly plotting to overthrow the government.

Security officials disclosed that the Defence Intelligence Agency (DIA) had been monitoring the suspects’ communications, financial activities, and foreign connections for months before making any arrests.

“The coup suspects have been under surveillance since August 2024, when intelligence first flagged their movements. They scheduled three potential strike dates — June 12 (Democracy Day) and October 1 (Independence Day) among them,” a source said.

“They held meetings in the UK and Turkey this year, but the DIA patiently gathered sufficient evidence before making its move,” the source added.

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