The Ministry of Defence has revealed how the controversial $1 billion released by President Muhammadu Buhari’s administration to procure arms was expended.
According to the Permanent Secretary, Ministry of Defence, Musa Istifanus, the fund was released while waiting for the products’ arrival about three years after.
Istifanus, who stated this as a guest of honour at the Defence Industry Corporation of Nigeria (DICON) 2021 summit in Kaduna, added the procurement was to address the security threats bedeviling the country.
According to him, those raising dust about the funds were doing so out of sheer ignorance of how the funds were used for the purpose it was raised.
He said “The Nigerian Government had spent $1 billion in acquiring weapons for the war against it is facing.
“Some ignorant people say that they have not seen any weapon. I know where the weapons are. They are yet to come.
“We paid $496millon to the American government and it is getting to three years now, the Super Tucanos are yet to arrive. Last week, we received an email that it will come by 21st of July.”