Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Apr 24, 2018

Nigeria MPs Dispute Buhari's $496 Million Jets, ThisDay Reports

(Bloomberg) -- 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.

--With assistance from Yinka Ibukun

To contact the reporter on this story: Tope Alake in Lagos at talake@bloomberg.net.

To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net, Sophie Mongalvy, Karl Maier

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search