The Senate Committee on Navy has resolved to investigate the circumstances surrounding the purported procurement of a controversial N5 billion yacht by the Nigerian Navy.
The Chairman of the Senate Committee on Navy, Senator Gbenga Daniel, disclosed this in Abuja on Tuesday after a meeting by his committee and other critical stakeholders.

Daniel, who is also a former governor of Ogun State, said the investigative panel is expected to give its report within one week.

According to him, the constitution of the committee was imperative in view of the widespread controversy generated by the purchase of the yacht by the Nigerian Navy.

The 2023 supplementary budget, which was recently approved by the Senate following a presentation by President Bola Tinubu, proposed a sum of N5.095 billion for the purchase of a controversial yacht under the capital expenditure of the Nigerian Navy.It was also reported that the yacht, which is an operational boat with specialized security gadgets, was ordered by the previous administration of President Muhammadu Buhari.

Senator Daniel, however, told newsmen that the Senate Committee had embarked on the process of unraveling the circumstances surrounding the purchase of the equipment...

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