Presidet Bola Tinubu

15.10.2023 Featured REVEALED: To Attend UN General Assembly in September, Tinubu Spent N390m on Hotel Rooms

Published 15th Oct, 2023

By Abimbola Abatta

The federal government spent a whopping $507,384 on hotel accommodation for President Bola Tinubu at the 78th session of the United Nations General Assembly (UNGA).

When converted to Naira, $507,384 is equivalent to N390,690,753 at the current exchange rate.

According to a memo dated September 11, 2023, and obtained by FIJ, $422,820 (N325.5 million) out of the total amount covered the cost of rooms booked for Tinubu and his close aides at the St. Regis Hotel in New York from September 16 to 23.

The memo also shows that the remaining $84,564 (65.1 million in Naira), which is 20 percent of the hotel reservation cost, was for incidentals.

While the memo does not include a breakdown of the incidentals, hotel incidental charges entail the cost of services and amenities that are not included in the room rates.

READ ALSO: ANALYSIS: Naira Is 1,034 Per Dollar, but Not at CBN. Does Nigeria Still Have a Parallel Market?

A search through the website of St. Regis Hotel shows that the cost of a room, including taxes and fees, could be as high as $17,273 per night and as low as $915 per night.

The memo, signed by Adebiyi O. Olufunso, the permanent secretary of the state house, and addressed to the president, was titled ‘Re: Mr. President’s Participation at the 7th Session of the United Nations General Assembly (UNGA), New York from 17th-23rd September 2023’.

Memo showing cost of hotel reservation for President Tinubu and aides
The memo
Memo showing cost of hotel reservation for President Tinubu and aides
The memo

FIJ understands that the memo’s main purpose was to request the president’s approval. Written on the memo were the words “Payment authorised as requested”, which means that the president indeed approved the payment.

A part of the document reads, “Federal Ministry of Finance and Office of the Accountant General of the Federation has been informed and are on standby to pay as soon as Mr. President approves.”

READ ALSO: FACT-CHECK: On Tinubu’s Certificate, There’s Evidence BBC Africa Is Wrong

The memo also appealed to the president to authorise the Federal Ministry of Finance, Budget, and National Planning to make necessary arrangements for the release of the funds from the 15% Wheat Grain Levy Pool Account.

FIJ found that the federal government introduced a 15 percent levy on wheat grain imports in 2012. The levy was aimed at promoting Nigeria’s self-sufficiency in wheat production and reduce the food import bill.

Leave a Reply

Your email address will not be published. Required fields are marked *

Published 15th Oct, 2023

By Abimbola Abatta


Our Stories

Abiodun Bakare of Dante Store Took Payments but Refused to Deliver Customers’ Phones

Canadian Nurses Association Elects Nigerian Prof. Bukola Salami as VP

Protest Coordinator Arrested by Police in Lagos Regains Freedom After 2 Days

Muido (17) holds his gun as he sits with his sister. Photo Credit: Daniel Ojukwu/FIJ

Chronicles of Kidnap Survivors (II): Kaduna Teenager Learned to Shoot at 14 Because ‘Kidnappings Happen Everyday’

Police officer

How Police Officers Stole Ogun Student’s Laptop


GTBank Can’t Account for N1.3m Missing From Customer’s Account

Yakubu Dogara

Dogara: Nigerians Might Ditch the Naira for the Dollar if FX Crisis Persists


N2.5m Kept in GTB Customer’s Account Used to Make Online Purchases Without Consent

#FreeJuwon Protesters

#FreeJuwon: CSOs Demand Release of Lagos Protest Coordinator Arrested by the Police

VIDEO: Tinubu Falls in June 12 Parade Vehicle