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The final report of President Muhammadu Buhari's probe panel, tagged the Presidential Arms Audit Panel which was inaugurated at the outset of his administration was not made available to the public because the prime target, Goodluck Jonathan was exonerated by the investigators to the disappointment of the government.
The 13- man Presidential arms purchase audit Panel according to Hope For Nigeria was set up by President Buhari to audit arms purchased between 2007 and 2015 confirmed that former President Jonathan was not involved in any procurement and never allowed his office to be involved in arm purchases within the period under review. They went further to state that arms were actually bought, but some of them did not go through due process.

The panel in its preliminary investigations claimed that it discovered the the immediate past National Security Adviser (NSA), Col. Sambo Dasuki (rtd) diverted N13.2 billion (Not $2.1billion) of fund meant for procurement of arms for the Nigeria Military.

The panel report did not mention anything like purchasing unservisable weapons or substandard arms as reported in the media and claimed by some government officials. The panel made up of distinguished Nigerians toured military formations across the country to undertaking physical verification of military hardware and equipment either bought or claimed to have been bought during the period under review.
The panel submitted its first interim report in November 2015 and presented the second report in January 2016. During the investigation, some members of the arms probe panel were accused of receiving bribes from individuals and companies that were being investigated by the same panel. Some serving security officials also said the panel had accused groups and individuals via the media without them having the opportunity to defend themselves in court.
The interim report of the audit Panel confirmed that the administration of former president Goodluck Jonathan purchased arms and equipment for the military , which were distributed to various military formations across the country particularly the North East geo-political zone for counter insurgency operations. Final report which is still held in secrecy by the Presidency, stated that former President Goodluck Jonathan did not involve himself and his office from procurement and demanded proof of purchases and delivery in most cases.
Issues like, absence of contract agreements, award of contracts beyond authorized thresholds, transfer of public funds for unidentified purposes and general non-adherence to provisions of the Public Procurement Act.
The arms probe panel reported stated that some award letters for the equipment and arms purchase contracts contained misleading delivery dates, suggesting fraudulent intent in some of the contracts. There are several indictment on serving Military officers and Companies that failed to perform their contract obligations.

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