The army headquarters on Thursday night confirmed that 12 Army officers including serving and retired have been sent to the Economic and Financial Crimes Commission, EFCC, for investigation.
The Army also said that at the end of the Commission's investigations those found culpable will be court martialled.
A statement signed by Col Sani Usman, Acting Director, Army Public Relations said: "The Nigerian Army wishes to inform the public that 12 Army officers have been sent to the Economic and Financial Crime Commission for investigation.
"This comprised of three serving Major Generals, and one retired, three Brigadier Generals, four Colonels and one Lieutenant Colonel.
"However, it should be noted that at the end of the Commission's investigations those found culpable will be tried by a military court martial."
Col Usman, did not however, state in specific term what the officers are being investigated for.
President Muhammadu Buhari recently directed the EFCC to investigate top military officers including retired Service Chiefs for their involvement in arms procurement in the last administration.
The immediate past Chief of Defence Staff and Air Staff, Air Chief Marshal Alex Badeh and Air Marshal Amosu respectively are among those being interrogated by the anti-graft agency.