By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: We Will Probe N5bn Purchase of Presidential Yacht — Senate
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

We Will Probe N5bn Purchase of Presidential Yacht — Senate

Adamu Abubakar
By Adamu Abubakar
Published: November 8, 2023
Share
2 Min Read
Senate President Godswill Akpabio
Senate President Godswill Akpabio
SHARE

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 in a statement by the media aide to the lawmaker, Steve Oliyide, on Wednesday.

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.

- Advertisement -

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. “

- Advertisement -

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 he Senate has said it would probe the purchase of the N5 billion presidential yacht and the circumstances surrounding it

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Senate
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Owen Omogiafo: A Beacon of Leadership and Catalyst for Change
Next Article Wife of Late Singer Mohbad Testifies Before Lagos Coroner Inquest

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 16 hours ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Regina Daniels Slams Angela Okorie Over Claims About Mercy Johnson’s Health
Celebrities
Tinubu Honours Bill Gates with CFR Award [Photos]
News
BREAKING: President Tinubu Holds Pivotal Meeting with Suspended Rivers Governor Fubara in Lagos
News Top stories
President Tinubu Orders Immediate Repair of Flood-Damaged Bridge in Mokwa, Niger State
News
Tony Elumelu
Tony Elumelu Boosts UBA Stake with N43.91 Billion Share Acquisition
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Man Falls from 26-Storey Cocoa House in Ibadan, Oyo State

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 3, 2025
News

Women Rally in Benue’s Apa LGA to Demand End to Deadly Attacks

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 3, 2025
News

Lagos State Enforces ₦250,000 Fine and Jail Term for Illegal Waste Disposal Offenders

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 3, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?