Presidency Reveal Jonathan Left Massive Debt And Denies Spending N5.8B On Presidential Air Fleet

The Saturday Punch reported last week that the Presidency have spent about N5.8 Billion on Presidential Air Fleet since the inception of the Buhari administration. President Buhari Senior aide on Media and publicity Shehu Garba has deny the allegation.

According to Sahara Reporters

Federal Government had spent N5.8 billion on the fleet. “N2.3 billion was released to the Presidential Air Fleet (PAF) by the office of the Accountant General of the Federation between May and November 2015,” he stated. He added: “This includes releases for personnel cost, overhead and capital expenditure out of the sum of N5, 190,381,386 appropriated for PAF in the 2015 budget.”

SaharaReporters confirmed from BudgIT that N5,190,381,386 was the total budgetary amount for the fleet in the current financial year.
According to Mr. Shehu, the spending on the presidential fleet exceeded what was budgeted due to outstanding debts left over by former President Jonathan’s administration. He stated that “the Fleet expended the sum of N1,358,910,962.75 to settle outstanding liabilities carried over from last year till May 2015. Furthermore, the sum of N500 million was refunded to the office of the National Security Adviser (NSA) for the financial support rendered to the Fleet prior to the release of funds from the OAGF [Office of the Accountant General of the Federation].”