Date: 16/04/2024

Ammocrypt, a pioneering blockchain initiative dedicated to the tokenization and global trading of ammunition assets, is thrilled to announce the addition of Gen. Babagana Monguno, a distinguished figure in defense and security, to its advisory board. 


Gen. Monguno brings a wealth of experience and expertise from his illustrious career in defense intelligence, logistics, and strategic operations, which will be invaluable to Ammocrypt’s mission of revolutionizing the ammunition industry through blockchain technology.


Richmond Dugger, CEO of Ammocrypt, expressed his enthusiasm about Gen. Monguno’s appointment, stating, “We are honored to welcome Gen. Monguno to our advisory team. His extensive defense background and strategic insights into ammunition tracking, accountability, and supply chain management will significantly contribute to our efforts to modernize the ammunition sector. His expertise will be pivotal as we utilize blockchain technology to ensure transparency and efficiency in the ammunition trade.”


About Ammocrypt

Ammocrypt aims to create a secure, transparent, and decentralized ecosystem for directly acquiring and exchanging tokenized small-arms ammunition. Ammocrypt seeks to improve end-user availability, reduce price volatility, increase manufacturer profitability, and combat illegal trading activities by establishing a liquid marketplace for ammunition tokens. The initiative is set to redefine peer-to-peer trading of tokenized ammunition, ensuring a transparent and legally compliant process.


About Gen. Babagana Monguno

Mohammed Babagana Monguno, CFR, is a retired Nigerian military general who was celebrated for his significant contributions to national security and the armed forces. With a career spanning over three decades, Monguno has held key positions, including Chief of Defence Intelligence and National Security Adviser to President Muhammadu Buhari. His strategic leadership has been instrumental in shaping Nigeria’s security policies and tackling the nation’s security challenges. In recognition of his service, Monguno was awarded the prestigious Commander of the Order of the Federal Republic (CFR) in October 2022.

Stay tuned for the upcoming AMA session with our esteemed advisor Gen. Babagana Monguno, where he will discuss the role of blockchain tokenization in modernizing the ammunition industry.

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