Oyo State Government Risks Losing ₦76 Billion World Bank Funded Project To Another State - Way Loaded

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Sunday, February 14, 2021

Oyo State Government Risks Losing ₦76 Billion World Bank Funded Project To Another State

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The World Bank has queried the Oyo State government at the proposed award of contract for the development of the ‘Second Pool of Long Term Investment for Flood Control’ challenge to businesses allegedly linked to the state governor, Seyi Makinde, and other top government officers.

The state government, via the Ibadan Urban Flood Management Project (IUFMP) headed by using one Dayo Ayorinde, had lobbied the financial institution to undermine its procurement method and award the task to groups linked to Makinde and his cronies over N12 billion above the bottom bidders within the four plenty.


SaharaReporters gathered that authorities officials' role in the corrupt agreement award poses considerable hidden dangers for the release of $two hundred million (N76 billion) financing agreement by using the World Bank.

Inside sources said the contract manner, which was supposed to had been concluded by means of the quit of 2020, is being stalled because of the greed of a few pinnacle authorities officers in imposing their selected contenders that is opposite to the bank's methods.

“About 4 different petitions were written to World Bank with admire to the manipulation of the technique via the state government headed with the aid of the commissioner for finance, Akinola Ojo. So some representatives of the bank decided to fulfill the governor but had been shocked whilst he informed them to depart the project and go to another nation if they may be no longer ready to present the contact to organizations he nominated,” a supply told SaharaReporters.

“He fears that his political fighters may additionally have influence over different contenders for the undertaking, thereby empowering them financially to compete with him during the 2023 election. We are speaking approximately $2 hundred million here, that’s over N75 billion.

“Currently, each the country authorities and the World Bank are at loggerheads over this settlement and this will lead to the financial institution cancelling the budget if the authorities refuses to comply with its procurement techniques. They have informed Makinde this already.

“Imagine, a governor gambling politics with a mission so that it will have an impact at the lives of his human beings.”

Meanwhile, a non-governmental organisation, Ibadan Ko 'Ya Anti Corruption Coalition, has expressed worry over the authorities’s delay in approving and liberating the names of contractors to address the assignment.

The group in a declaration visible by using SaharaReporters known as on properly-that means Nigerians, especially the humans of Ibadan and Oyo State in fashionable to be successful at the government from similarly delaying in saying and submitting the names of certified contractors to the financial institution sponsoring the tasks earlier than it's miles too past due.

The statement read, “The authorities has refused to name the qualified contractors who participated within the bid advertised on August 6, 2020, and opened publicly on Friday, October 2, 2020, to address the project tagged ‘Ibadan Urban Flood Management Project’.

“The contractors who participated in the bid have been more than 28 and from their quotations and bid fees alongside their bid protection amount, it is clear and with out ambiguity the organizations who need to be provided the contracts.

"As stakeholders in Oyo State assignment and amongst folks who are interested in the improvement of the country, we're so worried approximately the authorities of Engr. Seyi Makinde insistence on forcing his selected contractors at the World Bank.

"We accumulated however that the postpone from the authorities become now not unconnected to greediness and the reality that the government is out to manipulate the final results of the bid and the contract manner, at the same time as imposing their own selected contractors that's contrary to World Bank processes and popular.

"We fear that there are already numerous petitions written to World Bank with recognize to the manipulation of the system by way of the nation authorities. This we are able to assure Nigerians might also cause the cancellation of the mortgage facility and make Oyo State and the groups benefit from the flood control project the losers."

Calls placed across to Taiwo Adisa, spokesperson for the governor were not responded nor again.


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