The All Progressives Congress, Lagos State Chapter, has said the Lagos State Government has quit the Sunborn Yacht Hotel. The party said it was a bad business and the government had abandoned the deal.

The controversial yacht, valued at about N8bn, is an inshore boat hotel.

The state chapter of the Peoples Democratic Party had recently accused the state government of corruption. It challenged the state Governor, Babatunde Fashola, to speak out on the whereabouts of the yacht and the two helicopters bought by his administration for security surveillance of the state.

The state Chairman, PDP, Mr. Tunji Shelle, while addressing party faithful during the General Assembly of the chapter, had said, “After floating miserably on the Marina water for so long, the controversial Sunburn Yacht, which cost the Lagos State Government, under (former Governor) Bola Tinubu, a whooping N8bn suddenly disappeared, only to be sighted at Thames in England.

“Now, the question is: who orchestrated this 419 and who were the beneficiaries of this waste of public fund. This is certainly a fraud and (Governor Babatunde) Fashola must tell us something he knows about this fraud, failure which he remains an accessory after the fact in the fraud.”

While reacting in an online interview with our correspondent on Saturday, the state Interim Publicity Secretary, Mr. Joe Igbokwe, said the state government took a bad business decision on the yacht and had done away with it.

He said, “Every successful investor or businessman will tell you that business is not a bed of roses. He knows business is not all about gains all the time; you gain in some and lose in some. It is the same with governments all over the world. No government anywhere in the world will tell you that it has achieved 100 per cent success in every decision it has taken.

“The world will forgive you for taking decisions and making all the mistakes but the world will not forgive you if you do not take decisions at all for fear of failure. LASG has done away with the bad business called the Sunborn Yacht project. Case rested.”

Igbokwe described the PDP’s allegation that the helicopters had been deployed in the Niger Delta for private business purposes as idle talk. He said the party derived joy in telling, seeing, hearing and thinking lies.

“APC Lagos cannot continue to dissipate energy and precious gift of time, providing answers when there are no questions at all. Idle hands are devil’s workshop. PDP Lagos has been idle for close to 16 years and you can understand why the centre cannot hold for them.”

He, however, did not speak, specifically, on the state of the helicopters.

The PDP had also called on Fashola and the APC to protect their integrity by allowing the Speaker of the state House of Assembly, Adeyemi Ikuforiji, to step aside pending his trial by the Economic and Financial Crimes Commission for alleged misappropriation of funds.

Igbokwe, however, said Lagos had been at the forefront in accusing the PDP-led Federal Government of brazen corruption, mismanagement and mediocrity. He said the state had rather showed the way for leadership in Nigeria.

He said, “It seems to me that they have been trying to hit back at Lagos and there is no other crooked and dishonest way to do that than to target the Speaker. I am worried that this is a calculated attempt to tarnish the image of Lagos State Government and these politics are well understood.”

http://www.punchng.com/news/lagos-n8bn-sunborn-yacht-deal-bad-business-apc/

[size=14pt]It is extremely courageous of APC admitting it's government had been on internship doing trial and error with Lagos people's money. Bisi Akande should now tell Nigerians who then is running a kindergarten administration - APC or PDP?

Besides, 8 billion naira goes down the drain under some 'trial and error' circumstances and nobody is punished nor made to lose their jobs for a scandal of this magnitude?

What even surprises me is the way the APC spokesperson seems not to give a damn about the scandal - justifying 'mistakes' without any form of remorse atleast considering the colossal sum involved.

Again, he must tell Nigerians the whereabouts of the two helicopters. The media must follow up on this and not let it die.

[/size]

I thought that boat was owned by the Nigerian Army. Never knew it was the state government. Another waste of public funds.

I will not forget to remind Tinubu and Fashola inclusive of all ACN turn APC to return the stolen 8 BILLION NAIRA.

You cannot eat our sweat and form happiness...

Posterity shall not only judge but present life here shall takes vengeance.

Tinubu where is our 8 Billion NAIRA

Fashola where is our 8 Billion NAIRA

monumental fraud

wetin concern APC with Sunburn Yatch :-/ . It was own by Diamond Bank not state government get your fact right
https://www.nairaland.com/1581471/truth-lagos-sunburn-yacht-hotel

TINUBU & FASHOLA where is Our 8 BILLION NAIRA


If we forgive you OUR children will NEVER forgive u.

Firefire: TINUBU & FASHOLA where is Our 8 BILLION NAIRA


If we forgive you OUR children will NEVER forgive u.

lagos state government did not invest kobo in Sunburn Yatch. It belongs to Diamond Bank

“Now, the question is: who orchestrated this 419 and who were the beneficiaries of this waste of public fund. This is certainly a fraud and (Governor Babatunde) Fashola must tell us something he knows about this fraud, failure which he remains an accessory after the fact in the fraud.”

Mr. Joe Igbokwe said, “Every successful investor or businessman will tell you that business is not a bed of roses. He knows business is not all about gains all the time; you gain in some and lose in some. It is the same with governments all over the world. No government anywhere in the world will tell you that it has achieved 100 per cent success in every decision it has taken.

“The world will forgive you for taking decisions and making all the mistakes but the world will not forgive you if you do not take decisions at all for fear of failure. LASG has done away with the bad business called the Sunborn Yacht project. Case rested.”


Case is NOT RESTED oooo APC. Where is OUR 8 BILLION NAIRA

Goddex: [size=14pt]It is extremely courageous of APC admitting it's government had been on internship doing trial and error with Lagos people's money. Bisi Akande should now tell Nigerians who then is running a kindergarten administration - APC or PDP?

Besides, 8 billion naira goes down the drain under some 'trial and error' circumstances and nobody is punished nor made to lose their jobs for a scandal of this magnitude?

What even surprises me is the way the APC spokesperson seems not to give a damn about the scandal - justifying 'mistakes' without any form of remorse atleast considering the colossal sum involved.

Again, he must tell Nigerians the whereabouts of the two helicopters. The media must follow up on this and not let it die.

[/size]

Safari29: wetin concern APC with Sunburn Yatch :-/ . It was own by Diamond Bank not state government get your fact right
https://www.nairaland.com/1581471/truth-lagos-sunburn-yacht-hotel

Who make we believe now

somebody say na bad business another dey talk say no be bad business but he no join hand at all for the mata

CHAI

DIARIS GOD OOOO

Safari29:

lagos state government did not invest kobo in Sunburn Yatch. It belongs to Diamond Bank

The statement from the party spokesman never said so.

thunderrider:






Who make we believe now

somebody say na bad business another dey talk say no be bad business but he no join hand at all for the mata

CHAI

DIARIS GOD OOOO

can u guys goto this link https://www.nairaland.com/1581471/truth-lagos-sunburn-yacht-hotel it has bn discussed and digested there. This one is a waste of thread. The state government did not loose anything