Mr Obama said he had been briefed last August on a possible lead to Osama Bin Laden's whereabouts.
It led to intelligence that the al-Qaeda leader was hiding in a compound deep within Pakistan.
The president authorised an operation to "get Bin Laden" last week, he said, and on Sunday a small team of US forces undertook the operation.
After a "firefight" Bin Laden was killed and his body taken by US forces, the president said.
Source BBC
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