{"id":44990,"date":"2015-12-17T12:04:21","date_gmt":"2015-12-17T11:04:21","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=44990"},"modified":"2015-12-17T12:04:21","modified_gmt":"2015-12-17T11:04:21","slug":"senate-xmas-jamboree-ekweremadu-to-get-2016-benz-ss50-4-prados-5-others","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/senate-xmas-jamboree-ekweremadu-to-get-2016-benz-ss50-4-prados-5-others\/","title":{"rendered":"Senate Xmas Jamboree: Ekweremadu to get 2016 Benz SS50, 4 Prados, \u00a05 others"},"content":{"rendered":"<p>Deputy Senate President, Ike Ekweremadu, will be receiving 10 new exotic vehicles for his convoy at over N300 million, as part of a multibillion naira illegal automobile acquisitions by the National Assembly management, for senators.<\/p>\n<p>The purchases are coming despite the difficult economic situation Nigeria continues to face, with workers unpaid for months in some states, and governors considering reducing the national minimum wage or sacking civil servants.<\/p>\n<p>The acquisitions are also coming at a time National Assembly support staff have yet to receive their November salaries.<\/p>\n<p>.Premium Times reports that the contract was estimated at nearly N5 billion. But new details computed after the publication, show the actual amount would be in excess of that amount.<\/p>\n<p>The \u00a0deputy senate president, Mr. Ekweremadu, will be receiving 10 new vehicles for his convoy, the number Mr. Saraki is getting.<\/p>\n<p id=\"yui_3_16_0_1_1450348874076_1730\">The cars include a Mercedes Benz S550, 4 Toyota Prado Jeeps, 4 Toyota Hilux vans and a Toyota Hiace Bus.<\/p>\n<div class=\"yiv8491467737\">\n<p>The market survey conducted by this paper show that the Senate will be spending about N329.5 million on Mr. Ekweremadu\u2019s convoy alone.<\/p>\n<\/div>\n<p>A Mercedes Benz S550 2016 goes for $95,650, which translates to N23, 912,500 and addition of 105 percent (duty, levy and profit margin) takes the total cost of the car to about N49, 020,625.00.<\/p>\n<p>For the Toyota Prado SUVs, each unit costs $73,000, which equals N18,250,000, while a 105 per cent addition of levy, duty and profit would put the cost of each at N37,412,500.<\/p>\n<p>The total cost of the four Prado Jeeps being acquired for Mr. Ekweremadu is N149, 650,000.00.<\/p>\n<p>Also proposed for the deputy senate president\u2019s convoy are four Toyota Hilux SS, Auto vehicles, each costing $50,150.<\/p>\n<p>At N250 to the dollar, each Hilux Van would cost N12, 537,500 and an additional 105 percent would raise the price of each unit to N25, 601, 875.<\/p>\n<p>The sum of the proposed four Hilux brands is N102.4 million.<\/p>\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>Deputy Senate President, Ike Ekweremadu, will be receiving 10 new exotic vehicles for his convoy at over N300 million, as part of a multibillion naira illegal automobile acquisitions by the&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":44992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-44990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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