Thursday, July 9, 2026

$1bn Arms Purchase: Reps summon CBN gov, army chief

National Security Adviser had in an interview with BBC Hausa suggested that the $1billion meant for the purchase of arms was diverted by former military chiefs.

• March 22, 2021
CBN governor, Godwin Emefiele and Chief of Army Staff, Ibrahim Attahiru

The House of Representatives has summoned the CBN governor, Godwin Emefiele, and Chief of Army Staff (COAS) Ibrahim Attahiru to unfailingly appear before the house latest April 7.

The House ad-hoc committee in charge of reviewing the purchase, use, and control of arms, ammunition, and related hardware by the military in a tweet on Monday said the call became necessary over failure to honour earlier invitation in connection with $1 billion approved by the federal government for the arms to fight insurgency.

The committee noted that the money had been approved and released during the tenure of the immediate past service chiefs, but had rumours that the money can not be traced.

The tweet stated that the House of Representatives had earlier invited Mr Emefiele, the COAS, several other security agency heads and ministries to appear on Monday, March 22.

But, Mr Emefiele and the army chief who were to lead in addressing the committee on Monday, did not show up.

In April 2018, the immediate past Minister of Defence, Mansur Dan Ali, announced that President Muhammadu Buhari has approved the release of $1 billion for the purchase of arms to fight insurgency in Nigeria.

National Security Adviser (NSA), retired Major General Babagana Monguno, in an interview with BBC Hausa said the $1billion meant for the purchase of arms was diverted, Peoples Gazette reported.
Mr Monguno had debunked the statement, saying he was quoted out of context, The Gazette also reported.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

FRSC

Abuja

Abuja driver convicted for ramming into FRSC marshal, crushing patrol vehicle

A 26-year-old Abuja driver has been convicted for assaulting an FRSC officer and damaging a vehicle.

Beggars used to illustrate the story

Heading 1

Lagos assembly advances anti-begging bill as Sanwo-Olu govt cracks down on beggars

The Lagos State House of Assembly on Wednesday passed for second reading a bill seeking to prohibit street begging across the state.

Stock Market

Economy

Nigerian investors gain N3.45 trillion as equities market surges

The Nigerian stock market sustained its bullish rally on Tuesday, with investors gaining N3.450 trillion, driven by renewed buying interest in large- and mid-cap stocks.

Justin Bieber joins Madonna, Shakira, BTS

Showbiz

Justin Bieber joins Madonna, Shakira, BTS for 2026 World Cup half-time show

Beyond entertainment, the initiative between FIFA and Global Citizen aims to raise $100 million to expand access to education and football.

ExxonMobil

Economy

ExxonMobil’s Usan project to generate $1 billion for Nigeria

ESSO Exploration and Production Nigeria says its $1 billion Usan Infill Project in Oil Mining Lease 138 is expected to generate $1.2 billion in revenue.

World Bank and IMF

Economy

Middle East Crisis: IMF, World Bank seek stronger global cooperation

The institutions made the call in a joint statement on Wednesday following a Tuesday meeting of their high-level coordination group.