National Security Adviser, Major General Babagana Monguno (retd.), has denied saying that One billion dollars meant to purchase arms to tackle insurgency during the ex-service chiefs’ tenure got missing.

The ex-service chiefs are the Chief of Defence Staff, General Abayomi Olonisakin (retd.); Chief of Army Staff, Lt Gen Tukur Buratai (retd.); Chief of Naval Staff, Vice Admiral Ibok Ekwe Ibas (retd.); and Chief of Air Staff, Air Marshal Sadique Abubakar (retd.).
But, in an interview with the Hausa Service of the British Broadcasting Corporation early Friday, Monguno said, “The President has done his best by approving huge sums of money for the purchase of weapons, but the weapons were not bought, they are not here. Now, he has appointed new service chiefs, hopefully, they will devise some ways”
“I’m not saying the former service chiefs diverted the money, but the money is missing. We don’t know how, and nobody knows for now. I believe Mr President will investigate where the money went.”
“I can assure you the President takes issues of this nature seriously.“The fact is that preliminary investigation showed the funds are missing and the equipment is nowhere to be found”
“When the new service chiefs assumed office, they also said they didn’t see anything on the ground.”
In a statement by his office later on Friday, Monguno, recanted his earlier allegations,
The statement read in part, “We would like to state that the NSA was quoted out of context as he did not categorically say that funds meant for arms procurement were missing under the former service chiefs as reported or transcribed by some media outlets from the BBC interview.
“During the interview, the National Security Adviser only reiterated the Federal Government’s commitment to deal decisively with insecurity and stated President Muhammadu Buhari’s continued commitment to providing all necessary support to the armed forces, including the provision of arms and equipment.”
The NSA said in the interview, he clearly informed the BBC reporter that, “Mr President has provided enormous resources for arms procurement, but the orders were either inadequate or yet to be delivered and that did not imply that the funds were misappropriated under the former service chiefs.”
The NSA also said he informed the reporter that, “Mr President is following up on the procurement process as it’s usual with contracts relating to military equipment. In most cases, the process involves manufacturing, due diligence and tedious negotiations that may change delivery dates.”