SaharaReporters had in February 2021 reported that the state risked losing the project over its proposed award to companies allegedly linked to Makinde and other top government officials.
The World Bank has cancelled its funding support to the ‘Second Pool of Long Term Investment for Flood Control’ project in Oyo State over the failure of Governor Seyi Makinde-led government to conclude the contract award of the successful bidders for the four lots under the bank’s international competitive bidding process.
The letter was signed by World Bank Country Director for Nigeria, Western and Central Africa Region, Mr Shubham Chaudhuri, and addressed to Governor Makinde. “The government through the office of the former Commissioner for Finance, Akinola Ojo has since been lackadaisical in responding to all the conditions precedent to final approval by the World bank since May 2021 when the conditional approval was given.
“Ibadan Urban Flood Management Project is a World Bank-assisted Project established and secured the funding by the former Executive Governor of Oyo state, His Excellency, Senator Ishaq Abiola Ajimobi to respond to the issues of flooding that the state had been experiencing.
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