Out of the money, N40m is believed to have been released but the rest will be dished out before the 2017 stops to count in May 2018.
it was said that there is an outstanding balance of N240.1m to be paid to the former leaders.
As for the former Presidents, the vehicles worth N280.1m were to be bought for them directly by the federal government.
But, was later decided to convert such purchase into cash giving them the choice to get their own choice of cars as the case may be.
The beneficiaries include Chief Olusegun Obasanjo, Mr. Goodluck Jonathan, Alhaji Shehu Shagari, Gen. Yakubu Gowon (retd.), Gen. Ibrahim Babangida (retd.); and Chief Ernest Shonekan.
The former Vice-Presidents include Abubakar Atiku, Mr. Sambo Dasuki, the late Alex Ekwueme and all former chiefs of general staff. According to a government document containing the information, the procurement of the vehicles for the former VPs is “ongoing.”