• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, September 21, 2023
Leadership News
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership News
No Result
View All Result
ADVERTISEMENT

‘FG’s N37bn Road Project Refund Was Paid To Amosun, Not Abiodun’

by Femi Oyeweso
1 year ago
in Politics
Reading Time: 2 mins read
Road Project Refund
Share on WhatsAppShare on FacebookShare on TwitterTelegram

Ogun State government on Friday cleared the air over the controversy surrounding the receipt of a Federal Government’s refund of N37 Billion earlier spent by the state on federal roads projects’ rehabilitation.

The state Commissioner for Finance, Dapo Okubadejo in a statement issued on Friday in Abeokuta, the state capital declared that the said Federal Government’s refund was processed and received by the Senator Ibikunle Amosun led immediate past administration as payment for the state government expenses on the federal roads in Ogun corridors as against the claims in some quarters that incumbent governor, Prince Dapo Abiodun got the money.

Okubadejo, who doubles as the Chief Economic Adviser to the governor, explained that the last payment on the Federal Government’s road refund programme was made before the current administration came on board three years ago.

The commissioner, who was apparently reacting to a media report on the federal government’s reimbursement of the fund for the state, further stated that all efforts to recover further road refunds from the FG have not materialized.

“A total of N37bn was paid to the immediate past administration for FG road refund to the State, in two tranches of FG Treasury Note instruments of N15bn and N22bn respectively.

“The first Treasury Note of N15bn issued in December, 2018 was discounted in January, 2019 for N10bn, while the second Treasury Note of N22bn was discounted for N17bn during the first quarter of 2019, thereby resulting in total financial charges of about N10bn incurred by the State”, Okubadejo disclosed.

RELATED

Ododo

Kogi Guber: Transport Unions Declare Support For Ododo

10 hours ago
US Court Orders Chicago Varsity To Release Tinubu’s Records

US Court Orders Chicago Varsity To Release Tinubu’s Records

17 hours ago
BREAKING: Tribunal Sacks Kano Gov Yusuf, Declares Gawuna Winner

Kano Guber: Ganduje, Gawuna Hail Tribunal Verdict, Ask Residents To Maintain Peace   

24 hours ago
Court Remands Apprentice Who Killed His Master

JUST-IN: Kano Gov’ship Election Tribunal Delivers Virtual Judgement

1 day ago

He added that the explanation was necessary in order to put the records straight, maintaining that the incumbent Dapo Abiodun led administration is open and transparent, particularly for whoever that wishes to verify any information, rather than engaging in publication of unverified and misleading information.

SendShareTweetShare
BREAKING NEWS: Dollars can now be paid to Nigerians on a monthly basis. You can earn up to $10,000(₦9.2million naira). Find out how it works; be sure to ask for evidence.
HOW CHINESE DOCTOR RECOMMEND THIS MAGIC DRUGS THAT HELP WOMEN PREVENT AND TREAT BREAST CANCER AND ALSO HELP MEN PREVENT AND CURE PROSTATE ISSUE PERMANENTLY
ADVERTISEMENT
Previous Post

Borno: Federal Govt Promises To Restore Electricity In 6 Weeks

Next Post

Transport Minister To Tackle Container Deposit, High Cargo Dwell Time

YOU MAY LIKE

Ododo
News

Kogi Guber: Transport Unions Declare Support For Ododo

10 hours ago
US Court Orders Chicago Varsity To Release Tinubu’s Records
Cover Stories

US Court Orders Chicago Varsity To Release Tinubu’s Records

17 hours ago
BREAKING: Tribunal Sacks Kano Gov Yusuf, Declares Gawuna Winner
News

Kano Guber: Ganduje, Gawuna Hail Tribunal Verdict, Ask Residents To Maintain Peace   

24 hours ago
Court Remands Apprentice Who Killed His Master
News

JUST-IN: Kano Gov’ship Election Tribunal Delivers Virtual Judgement

1 day ago
Next Post
NPA

Transport Minister To Tackle Container Deposit, High Cargo Dwell Time

TRENDING

  • UK Releases New Entry Requirement

    UK Releases New Entry Requirement

    0 shares
    Share 0 Tweet 0
  • Meet 8 Artistes Signed By Marlian Records

    0 shares
    Share 0 Tweet 0
  • JUST-IN: Singer Mohbad’s Body Exhumed For Autopsy

    0 shares
    Share 0 Tweet 0
  • BREAKING: Edo Deputy Gov Shaibu Begs Obaseki For Forgiveness

    0 shares
    Share 0 Tweet 0
  • 3 Reasons Why Tribunal Sacked Kano Gov Yusuf, Declared Gawuna Winner

    0 shares
    Share 0 Tweet 0

RECENT UPDATE

Tinubu Makes History, Rings NASDAQ Closing Bell, Woos Investment For Nigeria
News

Tinubu Makes History, Rings NASDAQ Closing Bell, Woos Investment For Nigeria

by Jonathan Nda-Isaiah
1 hour ago

Read more
2023 Medic Conference: Stakeholders To Brainstorm On Improving Access To Healthcare In West Africa
News

2023 Medic Conference: Stakeholders To Brainstorm On Improving Access To Healthcare In West Africa

by Royal Ibeh
1 hour ago

Read more
Overseas Education: UK Boarding School Principals To Storm Nigeria October
Education

Overseas Education: UK Boarding School Principals To Storm Nigeria October

by Henry Tyohemba
2 hours ago

Read more

© 2023 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sports
    • Betting
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • 2023 Elections
  • Others
    • How-to
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2023 Leadership Media Group - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In