$1bn fund: How defence ministry purchased N37.9bn military vehicles, arms - Punch Newspapers

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The Ministry of Defence has purchased equipment for the Nigerian Army, Nigerian Navy and the Defence Intelligence Agency worth $99.5m , out of the $1bn approved by the President, Major General Muhammadu Buhari ,Buhari, on April 4, 2018, was said to have approved the $1bn fund for military equipment, following a meeting with security chiefs at the Presidential Villa, Abuja.

“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,” Monguno said. Similarly, the House of Representatives Ad Hoc Committee on the Need to Review the Purchase, Use and Control of Arms, Ammunition and Related Hardware by Military, Paramilitary and Other Law Enforcement Agencies in Nigeria vowed to investigate the “missing” arms and ammunition.

The ‘Certificate of No Objection for Award of Contract’ issued by the Bureau of Public Procurement , dated January 16, 2020, referred to the source of funding for the military hardware as “$1bn under the Intervention Fund subject to Mr President’s approval,” while indicating that the Ministry of Defence was the implementing ministry/agency.

Items listed under the ‘Vehicles’ category included 10 units of T-90 Tank Second Generation , and 10 units of BREM-4 Armoured Recovery .

 

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These country is a joke you purchased 37.9 billion military vehicles yet we can’t defect boko Haram abeg next story

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