The Chief Whip of the Senate, Senator Mohammed Ali Ndume , has said the N5 billion proposed for the purchase of a Presidential Yacht, in the 2023 supplementary budget, has since been delivered in anticipation for payment but that payment hasn’t been made.
The Senate Chief Whip explained that the National Assembly felt the money could be put to better use. This, he said, informed the decision to add it to the student loan component of the budget. “The Navy also clarified that it is not a new budget. And even the House of Representatives moved the budget to the Students loan. The deal for the yacht has been agreed, signed, and delivered but not paid for,” the lawmaker said.
The N5billion budgeted for the purchase of a Presidential yacht attracted public outrage when it was made public in various media reports after a careful scrutiny of the budget proposal.
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