The Controversial Presidential Yacht Has Not Been Paid For – Ali Ndume

The Chief Whip of the Senate, Ali Ndume has come out to speak about the controversial Presidential yacht said to be worth about N5 billion.

He recently had his say while speaking to the press, and Nigerians have been reacting.

According to him, the presidential yacht has already been signed and delivered but not paid for before the public outcry, and the Senate even added the required payment fee to the student loan budget.

He added that the reason Nigerian-made cars were not chosen is because they don’t manufacture their vehicles, but they assemble them.

His words, “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 for about N435, 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 Student loan. The deal for the yacht has been agreed, signed, and delivered but not paid for.

The reason why we did not choose Nigerian-made cars is because they don’t manufacture their vehicles, but they assemble them.

I prefer Nigerian-made products, but the Nigerian car companies are only buying the vehicle parts and assembling them here.”