...
News

Reps probe $1bn spent on Tucano jets, others

The House of Representatives has begun investigation into how the Federal Government spent the $1bn special security fund approved for it by the National Assembly.

Part of the money was used to acquire 12 Super Tucano fighter aircraft from the United States.

The House is carrying out the probe as it is considering a five-year funding plan for Nigerian Armed Forces in their fight against insecurity.

Advertisement

The President, Major General Muhammadu Buhari (retd.), had in 2017 sought the approval of the National Assembly for the withdrawal of $1bn from the Excess Crude Account for the fight against insecurity.

Buhari, who told the national parliament that the National Economic Council had approved withdrawal, had announced that he had already ordered $496m payment to the United States government for the Tucano aircraft ahead of legislative approval.

The jets are billed for delivery in 2022.

Several members of the Senate and House of Representatives had at various times in 2018 described the anticipatory approval by the retired general as an impeachable offence.

The House particularly on November 27, 2018 resolved to investigate the finances of the Nigerian military, including how the $1bn was spent as well as the implementation of releases to the military under the 2018 Appropriation Act.

The matter had reared its head in the House on Thursday, during the second reading of the ‘The Nigerian Armed Forces Support Fund Bill,’ which sought to create additional funds for the fight against insurgency, banditry, kidnappings and other crimes across the country, over a period of five years.

The Chairmen of House Committees on Defence, Babajimi Benson; on Army, Abdulrazaq Namdas; on Air Force, Shehu Koko; on Navy, Yusuf Gagdi; on National Security and Intelligence, Shaban Sharada; and on Police Affairs, Bello Kumo; and Deputy Chairman, Committee on Defence, Makki Yalleman, had made the proposal.

Several members queried the previous security funds approved by the National Assembly.

While one of them asked how the $1bn security fund requested by the Federal Government was spent, others asked why the Armed Forces would need more funds after claiming to have decimated Boko Haram.

Speaking to our correspondent on Sunday, Benson disclosed that the House was already probing into the expenditure, noting that the discoveries so far were satisfactory.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Nigeria Standard Magazine: A Voice for Excellence and Innovation

Introduction

Nigeria Standard Magazine is a premier publication dedicated to showcasing the vibrant culture, business excellence, political landscape, entertainment, and technological advancements of Nigeria. Our mission is to provide insightful, fact-based journalism while promoting Nigerian achievements on a global scale. With a commitment to quality journalism and innovative reporting, Nigeria Standard Magazine covers a wide range of topics, including business, politics, entertainment, education, and lifestyle. This article will explore how the magazine is revolutionizing media in Nigeria and why it remains a leading source of news and information.

The Role of Nigeria Standard Magazine in Media Excellence

1. A Trusted News Source

Nigeria Standard Magazine has built a reputation for delivering accurate, reliable, and timely news. Unlike sensationalist media, we focus on in-depth analysis, investigative journalism, and balanced reporting. Our team of seasoned journalists ensures that every piece published meets the highest standards of ethical journalism.

2. Covering Nigeria’s Political Landscape

With Nigeria’s dynamic political environment, staying informed is crucial. Nigeria Standard Magazine provides comprehensive coverage of political developments, elections, policy changes, and governance. We offer expert opinions, interviews with political leaders, and policy analysis that help Nigerians make informed decisions.

3. Business and Economic Insights

Nigeria Standard Magazine serves as a vital resource for entrepreneurs, investors, and business professionals. Our business section covers: By providing actionable insights, we help businesses navigate the complex Nigerian economy and make informed decisions.

Entertainment and Lifestyle: Celebrating Nigerian Talent

4. Nollywood and Music Industry Updates

Nigeria’s entertainment industry is one of the fastest-growing in the world. Nigeria Standard Magazine keeps readers updated on: Our entertainment section provides an insider’s look into the vibrant world of Nigerian arts and culture.

5. Fashion and Lifestyle Trends

From traditional attire to modern fashion trends, Nigeria Standard Magazine covers the evolving fashion scene. Our lifestyle section highlights:

Technology and Innovation: Nigeria’s Digital Transformation

6. Tech Startups and Innovations

Nigeria is emerging as a tech hub in Africa, with startups revolutionizing various industries. Nigeria Standard Magazine reports on: Our readers gain valuable insights into the tech ecosystem and the future of innovation in Nigeria.

7. Education and Career Development

Education is key to national development. Nigeria Standard Magazine supports knowledge-sharing through: By focusing on education, we empower Nigerian youth to achieve academic and professional success.

Why Nigeria Standard Magazine Stands Out

8. Digital and Print Accessibility

We understand the importance of accessibility in today’s digital world. Nigeria Standard Magazine is available in both print and digital formats, ensuring that readers can access our content anytime, anywhere. Our online platform is optimized for mobile users, making it easy to read the latest news on the go.

9. Engaging Multimedia Content

To keep our audience engaged, we incorporate: This multimedia approach enhances user experience and provides diverse ways to consume information.

10. Community Engagement and Social Media Presence

Nigeria Standard Magazine actively engages with readers through social media platforms such as Twitter, Facebook, Instagram, and LinkedIn. Our interactive approach includes: This strong online presence ensures that we remain connected with our audience and foster meaningful conversations.

SEO Strategies for Nigeria Standard Magazine

To maintain visibility and attract more readers, we employ the following SEO strategies:

11. Keyword Optimization

Our content incorporates relevant keywords such as: By strategically placing these keywords in our articles, we enhance search engine rankings and reach a wider audience.

12. High-Quality Content and Backlinks

We prioritize quality content that is: By collaborating with industry experts and media partners, we build credible backlinks that boost our domain authority.

13. Mobile Optimization and Fast Loading Speeds

With a growing number of readers accessing content via mobile devices, we ensure:

14. Social Media Integration

Our articles are easily shareable across social media platforms, driving organic traffic. We encourage readers to:

Conclusion: The Future of Nigeria Standard Magazine

As Nigeria continues to evolve, Nigeria Standard Magazine remains committed to delivering accurate, engaging, and insightful content. Our mission is to inform, educate, and inspire Nigerians and the global audience about the nation’s achievements and potential. With a strong digital presence, high-quality journalism, and a deep understanding of our readers’ needs, Nigeria Standard Magazine will continue to be a trusted voice in Nigerian media. Stay connected with us for the latest updates on business, politics, entertainment, technology, and more. Follow us on social media and visit our website for real-time news and analysis.