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Fresh FM Nigeria| Keeping you fresh all day > Blog > News > Senate to Investigate Purchase of N5bn Yatch
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Senate to Investigate Purchase of N5bn Yatch

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Last updated: November 8, 2023 11:27 AM
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The Senate has said it would probe the purchase of the N5 billion presidential yacht and the circumstances surrounding it

The resolution was made known by the Senate Committee on Navy, chaired by the Senator representing the All Progressives Congress, Ogun East, Gbenga Daniel.

This was made known by the media aide to the lawmaker, Steve Oliyide, in a statement made available to newsmen.

The media has been agog since the report on the procurement of the yacht, generating controversy with many Nigerians pointing accusing fingers at the Presidency for being insensitive.

Daniel revealed that the committee had, therefore, taken the initiative to investigate the circumstances and issues surrounding the controversial yacht within a concise timeframe of one week.

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 yacht’s acquisition, we have identified the need for a thorough investigation. “

The committee chairman added, “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 Ogun East Senator further noted that apart from the investigation, “the committee also resolved to visit all naval facilities across the country with a view to prioritising training and welfare of naval personnel and veterans, while emphasising 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 modernisation of the Nigerian Navy’s fleet, enhance its operational capabilities and push for naval research and development agencies.”

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