BREAKING: Presidential Yacht Deal Already Signed And Delivered But …… – Ndume Makes Stunning Revelation

BREAKING: Presidential Yacht Deal Already Signed And Delivered But …… – Ndume Makes Stunning Revelation

He said, “The deal has been signed and delivered, but not paid, and that’s what brought the inclusion of the amount (N5 billion) in the supplementary budget.”

The House of Representatives recently rejected the federal government’s proposal to acquire a presidential yacht, projected to cost N5 billion as part of the supplementary budget.

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This decision sparked widespread public outcry, with many Nigerians condemning the expenditure on such a luxury item in light of the country’s economic challenges.

President Tinubu submitted a supplementary budget to the National Assembly for approval, including the planned purchase of the yacht, which was listed as part of the Nigerian Navy’s proposed capital expenditure of $53 million.

In response to the controversy, the presidency clarified that the item labeled ‘Presidential Yacht’ in the 2023 Supplementary Appropriation Bill is not intended for Tinubu’s personal use. They explained that the naval vessel is classified as such due to its high-level security features.

“What was named as presidential yacht in the budget is an operational Naval boat with specialised security gadgets suitable for high-profile operational inspection and not for the use of the President.”

Special Adviser to the President on Information and Strategy, Bayo Onanuga, said in a statement on Thursday.

The Presidency’s statement, titled “The facts on the Naval boat in the 2023 supplementary budget,” reads, “The Naval boat was ordered by the Navy under the previous administration.

“President Tinubu has consistently said that government is a continuum, as he inherited both the assets and liabilities of past administrations.

“The payment request for the boat was part of the committed obligation submitted by the office of the Chief of Naval Staff to the Ministry of Defense, the Presidency noted, adding that “the total of the submitted requests was in excess of N200 billion, out of which N62 billion was approved by the President.”

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