Five Billion Naira Presidential Yacht Delivered – Ndume

The Chief Whip of the Senate, Ali Ndume, has clarified the issue bordering on the controversial Presidential yacht said to be worth about N5 billion.

Ndume made this clarification while speaking on the review of the supplementary budget on Arise Television’s Morning show on Friday.

The All Progressives Congress Senator representing Borno South said the presidential yacht had been signed and delivered but not paid for before the public outcry, adding that the Senate has since added the required payment fee to the student loan budget.

Ndume said, “We queried the amount budgeted for the yacht, but it was signed for a dollar rate, and the new rate isn’t favourable. The budget was predicated for about N435, and now it is over N800.

“The Navy also clarified that it is not a new budget. And even the House of Representatives moved the budget to the Student loan. The deal for the yacht has been agreed, signed, and delivered but not paid for.”

Speaking on the N160m for Land Cruiser SUV for each lawmaker in the National Assembly, the Chief Whip stressed that it is not a new thing for government workers to be buying vehicles for official duties.

He maintained that the price of the vehicles was also affected by the volatility of the naira to dollar rate, adding that the vehicles are needed for the lawmakers.

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