✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters

EFCC reacts to Monguno’s revelation on ‘missing billions’

The Economic and Financial Crimes Commission (EFCC) has spoken on the revelation of Maj Gen Babagana Monguno (retd) that a huge amount of money approved…

The Economic and Financial Crimes Commission (EFCC) has spoken on the revelation of Maj Gen Babagana Monguno (retd) that a huge amount of money approved for arms purchase cannot be accounted for.

Monguno made the revelation in an interview with BBC Hausa on Friday.

But following backlash, he recanted and accused the Nigerian media of quoting him out of context.

The transcript of his interview with the BBC Hausa Service revealed that he was not quoted out of context like he later claimed.

Gen Monguno had said, “It is not that we are not working to end the security challenge in the country. The president has done his own part and allocated huge amounts of money to purchase weapons, but they are yet to be here. We don’t know where they are.

“I am not saying that the past service chiefs have diverted the money, but presently we don’t know where the money is.”

On whether investigation has commenced on the issue, the NSA said, “I am sure the president will investigate this. As I am talking to you now, even the Nigerian Governors Forum has started questioning where the money is. So I assure you that the president is not playing with anything that has to do with the people.”

When Daily Trust contacted Wilson Uwujaren, spokesman of EFCC, said he could not say whether the commission would investigate the immediate past service chiefs.

He said there was no fact before the anti-graft agency to show that ex-service chiefs mismanaged money meant for ammunition as noted by the NSA.

“We don’t do projection. I say we deal with facts, not possibilities”, Uwujaren told one of our correspondents on phone.