The Federal Government has monetised the sum of N40 million out of N210 million earmarked for the procurement of vehicles for seven former presidents and heads of state in the 2017 budget.
This is contained in the financial report submitted by the Secretary to the Government of the Federation (SGF), Engr. Boss Mustapha, to the House of Representatives’ Committee on Governmental Affairs at a budget session yesterday.
According to the report, the N170 million balance for the procurement of the vehicles is expected to be re- leased before the expiration of 2017 capital component of the budget, which was extended to March 2018. This is even as an additional sum of N96 million has been proposed for pro- curement of vehicles in the 2018 budget estimates.
The former leaders expected to benefit from the largesse include General Yakubu Gowon, Chief Olusegun Obasanjo, Alhaji Shehu Shagari, General Ibrahim Babangida, Gen. Abubakar Abdulsalami and Dr. Goodluck Jonathan.
Similarly, from the total sum of N210 million proposed for procurement of vehicles for former Vice Presidents Atiku Abubakar, Namadi Sambo, and others, the sum of N120.090 million has been released in 2017, while additional sum of N90 million was proposed in 2018 budget estimate before the National Assembly. The proposed procurements were part of the N2.492 billion and N2.492 billion capital expenditure approved for 2017 and proposed for 2018 respectively.