Nigeria May Lose $493m Paid To Procure Fighter Jets – Senate

Nigeria risks losing the $493million it paid to the United States for the purchase of Super Tucano fighter jets over alleged defective runway, the Senate Committee on Air Force revealed on Thursday.

The Federal Government had in 2018 paid the US $493 million for Tucano planes to aid its fight against Boko Haram insurgents in the North East and other security challenges in other parts of the country.

However, the Vice Chairman of the Senate Committee on Air Force, Senator Michael Nnachi (Ebonyi South), disclosed Nigeria risks losing the deposit while presenting the budget report of Air Force to the Senate Committee on Appropriation.

He told the lawmakers when the Americans came to inspect the Kainji runway, they complained that it does not have capacity to carry the aircraft.

He insisted there was need to make provision for additional N9billion that will take care of the runway and Aircraft or else Nigeria will lose the money and the Aircraft.

Nnachi said: “It is very serious issue, they are running around, they have gone to the Finance Minister, they have gone to CBN, they have gone to the Senate President. The money needed is not part of the main budget.

“Nigeria has already paid $493 million for the aircraft and the officials of the American company who came to Nigeria last week said that the Kainji runway is not capable of carrying the fighter jets. They said that Nigeria will forfeit the Aircraft if the situation of the persists.”

The Chairman, Senate Committee on Appropriation, Senator Jubril Barau, said that the committee will look inward to make funds available to address the challenge in the 2021 budget.


Follow us on Twitter at @thesignalng

Copyright 2020 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to and other relevant sources.

There are no comments

Add yours