The Navy said the presidential yacht “came a little after the Presidential Fleet Review 2023 for which she was to be put to use by the then president (Muhammadu Buhari).”
The House of Representatives Committee on Navy will be investigating the Nigerian Navy for procuring the controversial presidential yacht without the approval of the National Assembly.
“Committee on Navy will investigate how a platform was brought in without the approval of the parliament. We will soon commence an investigation,” he said.a N2.17 trillion budget to the National Assembly. However, a review of the budget shows that it contained some extravagant spending including N5 billion for presidential yacht and some other expenses.by Bayo Onanuga, claimed that the yacht was not meant for the president.
“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 on about N435, and now it is over N800. “In my four years chairmanship of the Committee on Navy, I am not aware at any time where the Navy approached me or my committee or the House of Representatives asking for monetary provision for the procurement of a presidential yacht. I am not aware of that. It is against our law for any agency to bring any platform without the approval of the parliament making monetary provision for it. I know nothing about it.
He noted that if the Navy had informed the legislators and got the needed approval, they would have known how to explain to the Nigerians. “If the navy is procuring a N5 billion presidential yacht, we would have known how to explain to Nigerians that this is what the navy has done, what they intend to do, and equally tell Nigerians that there is a need to have that. Just because Nigeria controls the Gulf of Guinea. Nigeria is the biggest navy within the Gulf of Guinea. The Nigerian Navy is the biggest platform, so they need it. To buy it without telling us is a different thing.
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