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Senate to Probe N5 Billion Presidential Yacht Purchase

The Nigerian Senate has announced its intention to investigate the purchase of a N5 billion presidential yacht and the associated circumstances.

The Senate Committee on Navy, led by Senator Gbenga Daniel representing Ogun East for the All Progressives Congress, made this resolution, as revealed on Wednesday in a statement by his media aide, Steve Oliyide.

Nigerians have widely reacted to the report on the purchase of the yacht, accusing the Presidency of insensitivity.

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The lawmaker revealed that the committee had, therefore, taken the initiative to investigate the circumstances and issues surrounding the controversial yacht within one week.

Daniel 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.

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“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 former Ogun state governor also said, “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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