According to Peoples Gazette, military sources said that the insurgents attacked a convoy of armed soldiers traveling between Monguno and Maiduguri on Thursday morning.
The remains of two officers and 10 soldiers, who lost their lives after the unexpected gun battle, were reportedly packed in pickup trucks bound for a medical centre in Maiduguri.
Several soldiers were wounded and received first aid near the scene of the attack, according to sources and pictures shared with The Gazette.
The insurgents also reportedly made away with three gun trucks and rifles seized from the soldiers, as well as millions of naira in cash on the convoy.
The identities of the slain soldiers and the amount that was stolen could not immediately be confirmed as the spokesman for the Nigerian Army was unavailable for comments about the incident.
This comes a few months after the Nigerian Army lost about N28 million cash to bandits who ambushed the military logistic convoy on a reinforcement mission in Benue State.