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FG Approves N280Million To Purchase Cars For Former Presidents

Posted on January 10, 2018 By Butosh No Comments on FG Approves N280Million To Purchase Cars For Former Presidents

The Federal Government has approved the release of ₦280.1 million to former presidents and heads of states for the purchase of cars, Punch reports.

Vehicles worth ₦280.1 million were to be purchased for the former leaders, but it was reportedly decided for cash payments to be made instead.

₦40 million has reportedly been released already, with ₦240.1 million still to be released.

The former leaders include Olusegun Obasanjo, Goodluck Jonathan, Shehu Shagari, Yakubu Gowon, Ibrahim Babangida, and Ernest Shonekan.

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Vehicles worth ₦120 million was also approved in 2017 for former Vice Presidents, Punch reports.

The former Vice Presidents include Abubakar Atiku, Namadi Sambo, the late Alex Ekwueme, and all former chiefs of general staff.

For 2018, another ₦96 million has reportedly been budgeted for the procurement of vehicles for former presidents, and ₦90m for former Vice Presidents.

 

News Tags:Finance, Politics

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