Wednesday, May 7, 2025

Senate to investigate acquisition of N5bn presidential yacht

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Ibrahim Ramalan
Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
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tiamin rice
tiamin rice

The Senate has disclosed that it would probe the purchase of the N5 billion presidential yacht and the circumstances revolving around it.

The Senate Committee on Navy, chaired by the Senator representing Ogun East, Gbenga Daniel, made the resolution in a statement signed on Wednesday by his media aide, Steve Oliyide,

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

tiamin rice

Mr Daniel said: “The uproar over the potential acquisition of the yacht has gained substantial attention since it was first disclosed in the media.

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“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.

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“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.”

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