The Federal Government approved N280.1m cash payments to former Presidents and Heads of State in 2017 to buy cars.

Out of the money, N40m had already been released, but final releases would tally at “100 per cent.”

There is an outstanding balance of N240.1m to be paid to the former leaders.

Vehicles worth N120m were also approved to be purchased for former Vice-Presidents in 2017.

The 2017 budget will still be in operation till May.

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In the case of the former Presidents, the vehicles worth N280.1m, were to be purchased for them directly by the government.

But, it decided to monetise the purchases by offering cash to them to buy vehicles of their choice.

The beneficiaries include Chief Olusegun Obasanjo, Goodluck Jonathan, Shehu Shagari, Gen. Yakubu Gowon (retd.), Gen. Ibrahim Babangida (retd.); and Chief Ernest Shonekan.

The former Vice-Presidents include Abubakar Atiku, Sambo Dasuki, the late Alex Ekwueme and all former chiefs of general staff.

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