Politics
Tinubu’s Minister, Dave Umahi, Faces Backlash Over Alleged Misappropriation Of N8.6 Billion Road Construction Funds In Less Than Six Months- View Evidence
Tinubu’s Minister, Dave Umahi, Faces Backlash Over Alleged Misappropriation Of N8.6 Billion Road Construction Funds In Less Than Six Months- View Evidence....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie John
In a startling revelation, Tracka Nigeria has uncovered evidence suggesting that one of Tinubu’s ministers, Dave Umahi, may have transferred a staggering N8.6 billion earmarked for road construction projects to a microfinance bank. The controversy surrounding Umahi deepens as Tracka Nigeria exposes the alleged financial mismanagement within his ministry. CONTINUE READING
According to Tracka Nigeria, Umahi’s ministry reportedly paid N8.6 billion to FIMS Microfinance Bank Ltd for road projects in Oyo, Benue, Ekiti, and Kaduna states. The breakdown of payments includes N1.4 billion in September 2023 for the Yaba-Yangoje Road in the FCT, N1.2 billion in October 2023 for a 2km road rehabilitation in Atiba, Oyo state, and N1.2 billion for the rehabilitation of roads in Oyo East LGA and Benue State between August and November 2023.
FIMS Microfinance Bank Ltd, incorporated to conduct microfinance businesses, raises concerns as awarding road construction contracts to a financial institution violates the Public Procurement Act 2007, particularly s.16 (6) (a) (i), (iii), and (iv).
The shocking revelation has sparked reactions from Nigerians who are now demanding a thorough investigation into the matter and, if necessary, the removal of Umahi from office. Some of the comments expressing public outrage include:
- Chinelo Adebayo: “This is unacceptable! Umahi must be held accountable for this misuse of funds. A proper investigation is crucial.”
- Abdul Ibrahim: “Tinubu should address this issue urgently. We can’t condone corruption within our ranks.”
- Funmi Olatunji: “If these allegations are true, Umahi’s reputation is at stake. We need transparency and accountability in our government.”
- Hassan Abdullahi: “N8.6 billion for road projects redirected to a microfinance bank? Umahi must face the consequences of such actions!”
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Source: Bushradiogist
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