The N5 billion presidential yacht has been bought since June — Nigerian Navy

The Nigerian Navy has reportedly confirmed that it had taken delivery of the controversial presidential yacht, said to be worth about N5 billion.

Recall that the Chief Whip of the Senate, Ali Ndume, on Friday, November 3, disclosed that the yacht had been delivered to Nigeria before public outcry.

Confirming the delivery, the Director of Information, Nigerian Navy, Commodore Adedotun Ayo-Vaughan, in an interview on Saturday, November 4, said that the yacht had been in the country since June, 2023.

He, however, disclosed that the yacht hasn’t been used because it hasn’t been paid for.