The United States Navy has awarded the Navy and Marine Corps Development Medal to a Nigerian-born officer, Lt.Victor Agunbiade, for effectively managing its largest overseas cash disbursement of $45m (N17.5bn).

Agunbiade, who joined the US Navy in 2008, is the Disbursing Officer, Camp Lemmonier, Djibouti.

According to the navy, Agunbiade effectively managed the money and was able to account for every penny.

It said an audit of the accounts showed there were no discrepancies.

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The award certificate read in part, “Meritorious service while serving as disbursing officer, comptroller department, Camp Lemmonier, Djibouti from October 2019 to July 2020 in support of Operation Enduring Freedom and Overseas Contingency Freedom.

“Demonstrating superior leadership, Lieutenant Agunbiade managed the navy’s largest cash disbursing office with $45m in cash transaction accounting for approximately 70 per cent of the navy’s overseas disbursing volume. Additionally, he maintained 100 per cent accountability of $23m across six rigorous inspections and independent audit with zero discrepancies.

“By his unswerving determination, wise judgment and complete dedication to duty, Lieutenant Agunbiade reflected great credit upon himself and upheld the highest traditions of the United States Naval Service.”