An Assets Verification Committee in Edo State, Nigeria, has accused the previous administration of committing fraud in project execution, particularly in the Radisson Hotel, Edo State Oil Palm Project, and Edo State ICTA.
The Edo State Assets Verification Committee, established by Governor Monday Okpebholo, has revealed extensive fraud in project execution by the previous administration of Godwin Obaseki . The committee announced this at a press conference, presenting interim findings on verified assets. Dr.
Ernest Afolabi Umakhihe, the committee chairman, identified projects with alleged fraud as the Radisson Hotel, Edo State Oil Palm Project, and Edo State Information Communication Technology Agency (ICTA), among others. Umakhihe stated that the Radisson Hotel project's transactions raise serious concerns. He explained that the state government initiated the project by raising over N17.5 billion from the stock market and paid N2 billion for land acquisition. He noted that just before the previous administration's departure, ownership changed, leaving Edo State, the core investor, with only 20 percent ownership. Umakhihe asserted that the state government should reclaim its primary role as the core investor and owner of the Radisson Hotel. He added that the committee would provide more details in its final report. The committee also observed that the previous administration created agencies to execute specific interest-driven projects. Umakhihe mentioned the Edo State Oil Palm Project Office as one such agency, alleging that its opaque approach led to the utilization of consultants with substantial financial commitments made by the past government
Fraud Edo State Godwin Obaseki Project Execution Assets Verification
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Edo State Governor Sets Up Panel to Investigate Suspended Local Government ChairmenThe Edo State Governor, Monday Okpebholo, has established a seven-member panel to investigate the suspended 18 local government chairmen and vice chairmen.
Read more »
Edo State Governor Orders Review of E-Governance Platform Operated by Non-State ActorsThe Edo State Government has ordered an urgent review of the e-governance platform, stating that it is operated by non-state actors or consultants. This was disclosed by Governor Monday Okpebholo, and the Secretary to the State Government, Musa Umar Ikhilor, noted that there is no administrative control by the state's public service, posing a serious data security threat.
Read more »
Edo Committee Uncovers Poor Documentation, Financial Irregularities in Road ProjectsThe Edo State Assets Verification Committee has revealed concerns about the documentation and financial practices surrounding road projects awarded by the previous Godwin Obaseki administration. The committee cited a lack of proper records at the Ministry of Works and alleged that contractors received mobilization payments without substantial work being done, with funds potentially diverted to government officials. The committee also highlighted poor supervision by relevant ministries and a possible connection to the 2024 governorship election. They pointed to violations of the Edo State Public Procurement Law and excessive contract variations in some cases.
Read more »
Edo Governor Okpebholo appoints 14-member panel to probe ObasekiMembers of the committee include Kassim Afegbua and Patrick Obahiagbon.
Read more »
Edo: Gov Okpebholo constitutes 14-man panel to probe ObasekiEdo State Governor, Monday Okpebholo, has unveiled a 14-man state Assets Verification Committee to probe the administration of former governor Godwin Obaseki. The Chief Press Secretary to the governor, Fred Itua, made this known in a statement on Sunday in Benin, saying that the committee members would be inaugurated on Tuesday, November 26.
Read more »
Edo govt panel to recommend revocation of road contract over abandonmentThe Edo State Assets Verification Committee is to recommend to the State Government the revocation of the road contract awarded to Nosba Nigeria Limited for alleged abandonment. DAILY POST reports that the Nosba construction firm was awarded a 5.
Read more »