Umahi Denies Payment Of N8.7Bn To Microfinance Bank

Minister of works Engr. David Umahi has denied paying N8.7bn into a Microfinance Bank contrary to extant regulations for construction of roads.

A statement by the special adviser on media to the minister, Barr. Orji Uchenna Orji quoted him as saying; “Let me use the opportunity to debunk something that is ongoing in the social media. I don’t know what they call the group, is it Tracta Budgit or something which claims they’re monitoring the budget of the federal government, said  we paid N8.7 billion to the microfinance bank”.

The minister was speaking to journalists in Rivers State during the inspection of  the Enugu-Port Harcourt  dual carriageway being reconstructed  by Arab Contractors  Ltd.

He said the organisation went ahead to say the N8.7 billion was paid against a number of projects in Ekiti State, in Kaduna State, Kastina State and Borno State between June and September, 2023”.