More facts emerged, at the weekend,
lending credence to the claim that the
Nigerian Civil Aviation Authority
(NCAA) may have bought the two
controversial $1.6 million
(approximately N255 million) BMW
bullet proof cars for the Minister of
Aviation, Princess Stella Oduah, amid
the parastatal’s precarious financial
situation.
Sunday Vanguard learnt that the
NCAA did not have the cash backing
and hence the deal with Coscharis
Motors and First Bank of Nigeria to
finance the purchase was negotiated
on hire purchase basis.
“There is no way NCAA could have
raised that kind of money in one lump
sum. Therefore when the pressure
became unbearable that the vehicles
had to be bought for the minister, the
only option open to us was to explore
how it could be done on hire
purchase”, an NCAA source said.
The source said the deal was sealed
based on anticipatory payment.
Explaining why the minister zeroed-in
on NCAA to buy the vehicles, the
source explained that it is one of the
hard currency generating aviation
agencies and payment for the
vehicles was denominated in dollars.
“NCAA is in this trouble because we
are one of the hard currency
generating aviation agencies. That is
why the minister zeroed-in on us to
buy the two cars because we were
made to understand that payment
had to be made in dollars,” the source
said.
“But it wasn’t as if the NCAA could
afford to pay for the cars, being
expensive as they are. We have many
issues contending for funds including
training of staff abroad on aircraft air
worthiness and so on.
“We entered into anticipating
payment for the cars such that the
payment is spreed over a period of
time based on our projections. The
source explained that it may take
several months for the parastatal to
fully pay for the vehicles.”
Meanwhile, the exact cost of the two
controversial BMW cars for the
Aviation Minister, at the weekend,
remained shrouded in secrecy.
Experts said the cost of the two cars
should not have been more than $
400,000 including freight charges as
against the $1.6 million paid by the
NCAA.
The insinuation was that the vehicles
were grossly over-priced.
Efforts to get Coscharis Motors, the
BMW representative in Nigeria, to
speak on the matter proved abortive
as the president of the company, Dr.
Cosmas Maduka, was said to be on a
foreign trip to South-Africa and
China.
A Coscharis source said, “I am not
competent to speak on the matter
because the issue of armoured
vehicles is strictly not for every staff,
as most customers would not like
people to know that their vehicles are
armoured. It is usually confidential.”
In the mean time, an expert argued
that given the level of insecurity in the
country, there was nothing wrong in
armouring a vehicle for a minister
especially given the part of the
country the Aviation Minister comes
from, saying what was worrisome
was the amount being quoted for the
two vehicles for Oduah.
source: http://www.vanguardngr.com/2013/10/deal-oduahs-1-6m-bmw-cars-sealed/

The $10 million Royal Fantasy Bra, i still cannot believe it

more on jenifa.com

Our journalists are gradually living up to expectations. We still need more thorough investigation on this issue. I hope this issue will not be swept under the carpet at last. But wait......Is massive looting and endemic corruption part of the transformation agenda of Mr President? I doubt if GEJ can provide a comprehensive answer to this question!

there was nothing wrong in armouring a vehicle for a minister
especially given the part of the country the Aviation Minister comes from,

Home girl got to protect herself against her own people back home...

lmao...ibo kwenu

JECBOSS: Our journalists are gradually living up to expectations. We still need more thorough investigation on this issue. I hope this issue will not be swept under the carpet at last. But wait......Is massive looting and endemic corruption part of the transformation agenda of Mr President? I doubt if GEJ can provide a comprehensive answer to this question!

Well I put it to you that your so called journalists are liars and political bigots, who need to be prosecuted for libel. The prices they state cannot even deliver one of the cars to Nigeria.

Dino Melaya and Sahara Reporters have been peddling falsehood about the Cars bought by the Minister of Aviation. I checked the price of the vehicles and realized that BMW Security Vehicles only provide used vehicle prices on their website. Brochures for new one can only be downloaded on request.

A Used 2006 BMW 760 Li High Security costs €175,000.00 or $239,000.00 Check the BMW link for pre-owned vehicles below
http://www.bmw-security-vehicles.com/security_vehicles/en/_teaserpool_2010/download/shared/pdf/offer_7series_2006.pdf at €175,000 Euros, which is $240,000.00

If the used vehicle cost $240,000.00 dollars, how can Sahara and Dino Melaya claim the new vehicles bought by the Minister of Aviation can be bought for $200,000.00
Who is lying profusely now to deceive the public.

Or let me guess, they could not decipher the difference between a used car and new vehicle.
Please stop peddling lies that you cannot substantiate!

Further
Here is a quote for a new BMW 760 Li Hi Security from people who will sell it to you, not misguided journalists
http://alpa-gatt.com/ALPa_GATTPage/VermietungVerkauf/F03Optimiert.pdf

the price excluding tax and logistics is [size=16pt]400,000 Euros, that is $547,000.00 Each [/size]

By the way my topic giving the real prices has been moved to car talk section by nairaland just to continue spreading the falsehood. Check the link https://www.nairaland.com/1484333/dino-melaya-lies-used-bmw

1. Some people in NCAA do not support this loot, that is why we got to know (it is just one of many).

2. Now that everyone know that the BMW is armoured, the car is useless.

3. Jonanthan is supervising corruption in Nigeria