Politics, Sports, Business, Entertainment and News you will get nowhere else.

Saturday, 13 March 2021

Missing Arms Money: I Was Quoted Out of Context - NSA

National Security Adviser, Major-General Babagana Mungonu (Retired) has denied accusing former service Chiefs  of misappropriating monies meant for weapons procurement.

In a statement by his office later on Friday, the NSA recanted his earlier allegations, saying he was quoted out of context.

While he admitted granting the BBC interview under reference, he denied saying funds meant for the purchase of arms had gone missing.

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.

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.”

The National Assembly had in 2018 approved a request by President Buhari, for the withdrawal of $1bn from the Excess Crude Account for the purchase of weapons to fight insurgency.

Buhari had earlier told the National Assembly that he already ordered the payment of $496m to the United States government for the purchase of 12 Tucano aircraft ahead of legislative approval.

No comments:

Post a Comment

Disclaimer: Comments made by readers of this blog are strictly the views and opinions of the writers and not that of Nedu Echianu's Blog.

Credit is given to the original sources of culled stories, but in a situation where your story is wrongfully credited to someone else, please contact neduechianu@gmail.com for an immediate correction.

For eye witness reports, stories and features which you want published on this blog please contact me on +234-8037036168 or neduechianu@gmail.com.