Nigerian Senate To Probe N5billion Presidential Yatch Purchase

The Nigerian Senate disclosed its intention to investigate the acquisition of a N5 billion presidential yacht and the surrounding circumstances.

Senator Gbenga Daniel, who chairs the Senate Committee on Navy representing APC, Ogun East, disclosed the committee’s resolution to investigate the N5 billion presidential yacht purchase.

Senator Daniel said that the committee has taken the initiative to investigate the controversial yacht’s circumstances and issues, aiming to complete the inquiry within a concise one-week period.

He said: “The uproar over the potential acquisition of the yacht has gained substantial attention since it was first disclosed in the media.

“Many Nigerians have voiced their concerns and criticism, with a significant number expressing displeasure about how such a luxury item can find its way into the supplementary budget.

“Given the conflicting and contradictory reports circulating in the media regarding the acquisition of the presidential yacht, we have identified the need for a thorough investigation.

“The primary objective is to uncover the facts, dispel uncertainties, and provide the public with an accurate and comprehensive understanding of the situation.

“Many Nigerians believe that the position of the Senate committee in this regard signifies a significant step towards transparency and accountability within the government by the Senate.

“The committee also resolved to visit all naval facilities across the country, to prioritize the training and welfare of naval personnel and veterans, while emphasizing the need for improved funding for the Nigerian Navy to perform their critical roles in the nation’s economic and security sector.

“The committee further resolved to promote the modernization of the Nigerian Navy’s fleet, enhance its operational capabilities, and push for naval research and development agencies.”

Kanyi Daily recalls that Peter Obi, the Presidential Candidate of the Labour Party, had criticized the 2023 Supplementary Budget