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Arms Fund: Presidency Says No Money Is Missing, Explains How $1bn Was Spent

  The controversy trailing the allegation of missing arms fund under the leadership of the former service chiefs has continued to generate mixed reactions from different parts of the country. Major General Babagana Monguno, who is the National Security Adviser (NSA), was said to have alleged during an interview with BBC Hausa Service that the funds meant for arms procurement were missing under the former security chiefs. While his office stated that the NSA was quoted out of context and did not categorically make such a claim, the Presidency avowed that no such money was missing. “I imagine that you are talking about the $1 billion taken from the Excess Crude Account (ECA) with the consent of state governors and was used for military procurement.

Missing funds can t happen under Buhari, says Presidency – Punch Newspapers

AGF office not investigating Tinubu, says Malami

Punch Newspapers Sections Eniola Akinkuotu, Abuja The Office of the Attorney-General of the Federation is not investigating All Progressives Congress chieftain, Bola Tinubu, the AGF, Abubakar Malami (SAN), has said. Malami said this during an interview with Channels Television’s  ‘Politics Today’ programme on Tuesday. The AGF, however, said he could not say if the Economic and Financial Crimes Commission or the Code of Conduct Bureau were investigating Tinubu since the two agencies had statutory powers to commence probes and prosecute people. Responding to a question, he said, “The Office of the AGF, as you rightly know, has not taken any decision, has not filed or institute any action before any court in the land relating to Bola Ahmed Tinubu. But then, within the context of the law as you rightly know, the EFCC and the Code of Conduct are all statutory bodies vested with statutory powers to act within the context of the law establishing them. So, I am not in a posi

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