Senate to probe purchase of N5bn presidential yacht

The Senate said yesterday it would probe the purchase of an N5 billion presidential yacht and the circumstances surrounding it.

The resolution was made known by the Senate Committee on Navy, chaired by Senator Gbenga Daniel (APC, Ogun East).

The procurement of the yacht has generated so much controversy, with Nigerians pointing accusing fingers at the Presidency for its insensitivity.

Senator Daniel revealed that the committee had 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 acquisition of the presidential yacht, we have identified the need for a thorough investigation.

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 of the Senate committee in this regard signifies a significant step towards transparency and accountability within the government by the Senate.