Military Pension Board Clears Air on Alleged Missing N2.5bn

Military Pension Board Clears Air on Alleged Missing N2.5bn

- News about serious embezzlement in the Military Pensions Board has been debunked

- The board described the claims which have spread like wildfire on social media as false

- The MPB said that entitlements of pensioners are safe and untampered with and will always remain so

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The Military Pensions Board (MPB) has reacted to claims that there was massive looting of funds among some senior military officers.

In a statement made available to, the MPB's spokesman, Olayinka Lawal, maintained that funds allocated for the pension of retirees are intact and that the board has no link with the names of officers listed in social media reports.

Military Pension Board Clears Air on Alleged Missing N2.5bn
Military Pension Board has said the N2.5bn said to be missing is intact (Photo: @HQNigerianArmy)
Source: Twitter

Lawal stated:

"Our operations are transparent and the records are up to date. The MPB has no link with the names published in the false publication.

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"There are no records of the names listed in the publication at the Military Pensions Board."

He said that to be sure, Nigerians can enquire from qualified military pensioners throughout the country about the promptness of the payment of their entitlements.

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The spokesman noted that "the MPB does not owe any pensioner monthly pensions and will continue to work assiduously to ensure that the standards are maintained."

Meanwhile, Tukur Buratai, a former chief of army staff, had reacted to allegations that about $1bn could not be accounted for under his tenure as a service chief.

Buratai, who spoke through his lawyer Osuagwu Ugochukwu on Friday, March 12, denied any wrongdoing.

He also denied being mentioned in connection with the alleged missing funds just as he noted that the National Security Adviser Babagana Monguno has already denied the allegation.

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A statement from Osuagwu read in part:

“I can confirm that Lt. General Buratai and other ex-service chiefs were never mentioned in the interview and neither was any arms fund missing under the stewardship of Lt. Gen T.Y. Buratai."

Onyirioha Nnamdi is a graduate of Literature and English Language at the University of Lagos. He is a Politics/Current Affairs Editor who writes on news and political topics for He brings into his reporting a wealth of experience in creative and analytical writing. Nnamdi has a major interest in local and global politics.


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