Only 20% Of Contract Sums Used For Projects- Oyo Gov. Alleges

In News 2019-09-06 18:44:04
Only 20% Of Contract Sums Used For Projects- Oyo Gov. Alleges
Only 20% Of Contract Sums Used For Projects- Oyo Gov. Alleges

Governor of Oyo State Seyi Makinde says only 20% of contract sums are used for projects.

 

He has promised that anyone who misappropriates state funds will be brought to book.

 

The Governor gave this assurance in a media chat to commemorate his first 100 days in office.

 

According to the Governor, accountability is a major part of his government.

 

He said: I declared my assets because I want to be held accountable. What we met on ground is a situation where a project for which money is allocated, gets only about 10% of the total funds for execution.”

 

“Because as we were told, 50% goes back to the Governor, 30% to the appointee who allocated the project out of which 10% goes to the Governor’s wife. I have told them anyone who does that now will be brought to book.”

 

The Governor also described the situation as a “very serious problem” and revealed his steps towards curbing the trend.

 

“This is a very serious problem. That is why the second bill we sent to the House of Assembly was the Oyo State Financial Crimes Commission Bill and once they pass it, I will sign it and we will all operate under it.”