Government

Nigeria MPs Dispute Buhari’s $496 Million Jets

Published

7 years ago

April 24, 2018

Nigeria MPs Dispute Buhari’s $496 Million Jets

Nigerian lawmakers are accusing President Muhammadu Buhari of withdrawing $496 million from the Excess Crude Account to purchase 12 Tucano fighter jets from the U.S. without consulting the National Assembly, Lagos-based ThisDay newspaper reported.

Both chambers of the national assembly have summoned Minister of Finance Kemi Adeosun, Defence minister Mansur Dan Ali, Central Bank Governor Godwin Emefiele and the Accountant General of the Federation Ahmed Idris, the paper reports, without naming its sources.

Presidential spokesman Femi Adesina declined to comment on the purchase, referring the matter to the defence spokesman. “We don’t have anything to comment on because that’s purely an issue of process,” defense spokesman John Agim said by phone from Abuja.

The U.S. agreed to sell the A29 Super Tucano Aircraft to the Nigerian government to fight Boko Haram Islamist militants, Nigerian Air Force spokesman AVM Olatokumbo Adesanya said in December.

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Nigeria MPs Dispute Buhari’s $496 Million Jets

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