Yahaya Bello Takes Out N1.8bn From Kogi Treasury To Construct Non-existent Flyover

Hamilton Nwosa
Writer

Ad

Cuts to US oil jobs and spending threaten output growth

The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…

‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI,…

News Corp Announces Resolution of Murdoch Family Trust Matter

News Corporation ("News Corp" or the "Company") (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced that the trustee and beneficiaries of the Murdoch Family Trust ("MFT") informed the Company that they have reached a mutual resolution of the legal proceedings in Nevada related to the MFT, resulting in the termination of all litigation. New trusts…

Ad

Yahaya Bello, Governor of Kogi State, approved the release of N1.9billion naira as part of funds for the construction of a flyover at Ganaja Junction in Lokoja main town but there is absolutely nothing to show for the project more than three years.

Documents seen by our source show that the exact money released by Bello in 2016 was N1,869,777,457 billion for the “mobilistion of construction workers”. However, after Valued Added Tax (VAT), it amounted to N1,589,310,830 billion.

The documents show that the overall cost of the project is N4,674,443,644 billion, meaning the N1.8billion released by the Governor was enough to at least kick-start the project. However, a resident of the area told reporters that not for once had any contractor showed up to even dig up a hole.

“You mean the Governor awarded a contract to construct a bridge around here?” the resident asked, befuddled. “That cannot be true. I’ve been here since 2015 and I’ve never seen a cntractor show up to do anything.”

The Ganaja Flyover bridge project was inaugurated by Captain Idris Wada, former Governor of the state, in the final days of his tenure in January 2016, with a plea to the contractor, TEC Engineering Nigeria Limited, to deliver it in 18 months as planned.

A source very familiar with Kogi politics told our source that the project would not be done, neither in the final months of Bellos’s tenure nor in the next four years should he see relection.

“Definitely TEC Engineering Nigeria Limited was only used to get the money out; the state government must have collected it back, otherwise no contractor gets paid N1.6billion without whoring up to begin work.”

Below are pictures of Ganaja Junction where the flyover ought to be lying by now, plus the documents:

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp