He pledged to deploy the entire machinery of state power to ensure the security of Nigeria, its people and property in a just and democratic society.
Military officials claimed soldiers killed several insurgents along the border with Nigeria and Chad but gave no details.
The fund is to assist vulnerable communities in countries in the Lake Chad region, such as Nigeria, Niger, Cameroon, and Chad.
Mr Dambazau said that the veterans have priceless traits ingrained in them by the virtue of their training and experience.
Mr Buhari said of the more than five million people displaced in the Lake Chad region, 70 per cent were Nigerians.
Mr Dole, a colonel, said in a statement on Sunday that those eliminated in the well coordinated land and air offensives included 10 key commanders.
