{"id":117079,"date":"2025-04-04T16:59:18","date_gmt":"2025-04-04T15:59:18","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=117079"},"modified":"2025-04-04T16:59:18","modified_gmt":"2025-04-04T15:59:18","slug":"shocker-how-tinubu-spent-n5-9bn-on-luxury-cars-in-one-day","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/shocker-how-tinubu-spent-n5-9bn-on-luxury-cars-in-one-day\/","title":{"rendered":"Shocker: How Tinubu spent N5.9bn on luxury cars in one day"},"content":{"rendered":"<div style=\"text-align: justify;\">Daniel Adaji<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">On December 29, 2023, President Bola Tinubu\u2019s administration approved payments totaling N5.9bn for the procurement of luxury vehicles for the State House, a document from government financial records has revealed.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The payments, all executed on the same day through the State House Headquarters Transit Account, were made to five different companies for various categories of high-end vehicles, including bulletproof Mercedes-Benz sedans.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">One of the largest disbursements was N2.4bn paid to Loralek Ultimate Ltd, recorded simply as payment for the supply of vehicles to the State House in Abuja.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Another N1.5bn was paid to Mega Ultimate Ltd, also for vehicle supply, while an additional N200m was later sent to the same company as part payment\u2014bringing the total paid to Mega Ultimate Ltd to N1.7bn.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A separate N1.5bn was paid to R. Cubix Ltd for the supply of three luxury bulletproof Mercedes-Benz S-Class S580 2023 models, indicating a cost of about N500m per unit.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Other companies that received payments include First Broad International Ltd, which was paid N300m, also for supplying vehicles to the presidency.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The spending raises eyebrows over priorities in a time of economic hardship for many Nigerians. Fuel subsidy removal, high inflation, and increasing electricity tariffs have made life more difficult for average citizens. Yet, the government appears to be spending heavily on luxury for the presidency.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Critics argue that such expenditure is insensitive and tone-deaf to the realities on the ground. Civil society organizations have repeatedly called for more transparency and fiscal discipline in managing public funds.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Daniel Adaji On December 29, 2023, President Bola Tinubu\u2019s administration approved payments totaling N5.9bn for the procurement of luxury vehicles for the State House, a document from government financial records&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":115834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-117079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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