• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Presidential Yacht Already Delivered Before Supplementary Budget Proposal — Ndume  

by Bode Gbadebo
2 years ago
in News
Presidential yacht
Share on WhatsAppShare on FacebookShare on XTelegram

The Chief Whip of the Senate, Senator Mohammed Ali Ndume, has revealed that the controversial N5billion Presidential Yacht initially budgeted for in the 2023 Appropriation Budget, had been delivered to Nigeria in anticipation for payment even before it became a public knowledge.

Advertisement

Ndume made the revelation while speaking on the 2023 Supplementary Appropriation Budget on AriseNews’ breakfast show, ‘The Morning Show’ on Friday.

The Borno South Senator said the presidential yacht had been signed and delivered but not paid for before the public outcry, however, adding that the Senate had since added the budgeted payment to the student loan budget instead.

“We queried the amount budgeted for the yacht, but it was signed for a dollar rate, and the new rate isn’t favourable. The budget was predicated on about N435 (to a Dollar), and now it is over N800.

“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.

RELATED

The Trading Statement Doesn’t Lie And What Yours In Quotev Might Be Trying to Tell You

Equipping Marketers, Entrepreneurs For Strategic Growth

1 hour ago
JosPlay Launches ‘Rise Fund’ To Empower Independent African Artistes

JosPlay Launches ‘Rise Fund’ To Empower Independent African Artistes

1 hour ago

Recall that the 2023 Supplementary Budget was passed into law by chambers of the National Assembly on Wednesday

LEADERSHIP had earlier reported that Nigerians condemned a part of the expenditures proposed in the 2023 supplementary budget, which the President submitted to the National Assembly for approval, including a proposal to spend N5.095 billion on the presidential yacht.

But, reacting, the Presidency said the item named ‘Presidential Yacht’ as found in the 2023 Supplementary Appropriation Bill was not for President Bola Tinubu’s personal use.

This was, as it said, the Naval boat bears such classification “because of the high-level security features.”

“What was named as a presidential yacht in the budget is an operational Naval boat with specialised security gadgets suitable for high profile operational inspection and not for the use of the President,” Special Adviser to the President on Information and Strategy, Bayo Onanuga, explained in a statement on Thursday evening.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Ali Ndume
SendShareTweetShare
Previous Post

JUST-IN: Troops Abort Terrorists’ Attack On Kano, Recover Weapons, Arrest 2 Suspects

Next Post

Family Demands Corpse Of 27-yr-old Son Killed During Rivers Impeachment Protest  

Bode Gbadebo

Bode Gbadebo

You May Like

The Trading Statement Doesn’t Lie And What Yours In Quotev Might Be Trying to Tell You
Feature

Equipping Marketers, Entrepreneurs For Strategic Growth

2025/07/26
JosPlay Launches ‘Rise Fund’ To Empower Independent African Artistes
Entertainment

JosPlay Launches ‘Rise Fund’ To Empower Independent African Artistes

2025/07/26
Terror In Taxis: Abuja Gangs Abduct, Rape, Kill Innocent Women
Feature

Terror In Taxis: Abuja Gangs Abduct, Rape, Kill Innocent Women

2025/07/26
Fashion-Focused African Awards Fuel Cultural Pride, Economic Growth – Amafibe
Entertainment

Fashion-Focused African Awards Fuel Cultural Pride, Economic Growth – Amafibe

2025/07/26
Profiting From Facility Management Business
Feature

Profiting From Facility Management Business

2025/07/26
Pensive Pitch: Nigerian Football Community Mourns Four Unburied Heroes
Feature

Pensive Pitch: Nigerian Football Community Mourns Four Unburied Heroes

2025/07/26
Leadership Conference advertisement

LATEST

Ojulari’s First 100 Days at NNPC Ltd: A Bold Start Anchored On Reform, Transparency, And Clean Energy

Equipping Marketers, Entrepreneurs For Strategic Growth

JosPlay Launches ‘Rise Fund’ To Empower Independent African Artistes

Terror In Taxis: Abuja Gangs Abduct, Rape, Kill Innocent Women

Fashion-Focused African Awards Fuel Cultural Pride, Economic Growth – Amafibe

Profiting From Facility Management Business

Falcons Face Morocco In Women AFCON Final, Eye $1m Prize Money

Pensive Pitch: Nigerian Football Community Mourns Four Unburied Heroes

Sweet But Dangerous: How Sugar May Be Killing Your Sex Drive

I Started Acting Before Pete Edochie, Yemi Solade Challenges Industry’s Origin Story

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.