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Home | ‘Obasanjo Spent €400m on Maritime Equipment but…’ – Amaechi

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‘Obasanjo Spent €400m on Maritime Equipment but…’ – Amaechi

Tare Magbei
Tare Magbei
Published: June 14, 2025
Last updated: June 14, 2025
3 Min Read
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'Obasanjo Spent €400m on Maritime Equipment but...' - Amaechi | Daily Report Nigeria
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Obasanjo Spent €400m on Maritime Equipment

Nigeria’s minister of transportation, Rotimi Amaechi has revealed that former President Olusegun Obasanjo spent huge about €400 million on acquiring equipment for fighting insecurity in the maritime sector.

However, the former governor of Rivers state alleges that the equipments purchased are nowhere to be found.

Amaechi disclosed this during the inauguration of the Integrated National Security and Waterways Protection Infrastructure in Nigeria (also called the Deep Blue Project) at the ENL Terminal, Apapa Port, Lagos.

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Amaechi stressed that Obasanjo spent up to €400 million on a similar project to fight insecurity in the maritime sector.

But he claimed that the equipment “disappeared”.

The minister however accused the Nigerian elite operating in the sector of unpatriotic acts.

“Just because of this project, three committees were set up against me; one led by the vice-president, one by the minister of defence and another by the EFCC,” he said.

“While they were set up and all of them were cabinet committees; the accusation was this is Amaechi’s contract. Mr. President, I don’t do contract.

“But I want to tell you why I did it. Nigerians are not patriotic, most elites are not. They were making billions of money in insecurity. Anybody who wants to fight insecurity, they will fight the person and I was very determined.

“I am surprised that the MD of Shell read his speech without saying that the oil companies met and promised me a gift if I can survive in this war. This war has sacked two ministers, they were taken to the EFCC and they were sacked.

“This war, under President Obasanjo; they spent between €300 million and €400 million to buy the same equipment we have bought and they have disappeared.

“Until the day you sack me or I leave office, I will make sure that this equipment remain because Nigerians who do business on the water are not good people. Most unpatriotic Nigerians are not good.”

Also, President Muhammadu Buhari in his address, expressed confidence in the project, saying it will boost maritime security infrastructure and improve law enforcement.

“I am confident that the project, which provides a robust maritime security architecture, will enhance maritime domain awareness capability and improve law enforcement action, particularly in the prosecution of suspects under the Suppression of Piracy and other Maritime Offences Act which I signed into law in June 2019,” he said.

“This flag-off is an important step in the continuing shift in strategic action about regional maritime security.

“It will serve as a benchmark for member states in the Gulf of Guinea and other relevant stakeholders to further develop innovative strategies and align efforts with the subsisting framework to improve maritime security in the region.”

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TAGGED:Olusegun Obasanjo
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