Oyo State Governor Abiola Ajimobi has
explained how his predecessor, Adebayo Alao-
Akala, allegedly blew N3 billion government fund
within the last week of his administration in May
2011.
Ajimobi, who disclosed this in an interview with
reporters in Ibadan, the state capital, also
revealed how Alao-Akala’s predecessor, Senator
Rashidi Ladoja, refunded N500 million to the
Economic and Financial Crimes Commission
(EFCC) in a move aimed at getting plea bargain.
The governor said Alao-Akala realised the
N3billion from the sale of government quarters
during his tenure, pointing out that he set aside
the fund for payment of pensions before he
squandered it in the last week of his
administration.
Alao- Akala is the governorship candidate of the
Labour Party (LP) and Ladoja the governorship
candidate of Accord.
Ajimobi wondered how the two former
governors considered it right for them to contest
for the same position again, despite the moral
burden on them.
He said the N500 million recovered from Ladoja
is being used to build model schools across the
state’s three senatorial districts.
“My predecessor sold several government
quarters from which he realised about N3
billion. He first set it aside to pay pensioners
but later blew it one week before we came in.”
The governor explained that rather than follow
the same path, his administration partnered with
UACN Properties, which has redeveloped 89
apartments to be sold at the value of over N5
billion. He explained that the government owns
45 percent of the investment.
According to him, the same landed property
used for the apartments had been valued at only
N120 million the sale of which he turned down
because of the potential for huge profit, if better
utilised. “This, to me, is good governance,” he
said.
The governor was answering a question on how
he hopes to cope with dwindling federal
allocations and huge and increasing expenditure,
if he returns as governor.
He said his administration would survive by
building on the foundation it has laid in
attracting investors to the city. Eight big
industries have opened for business in the state
in the last two years as marks of his efforts to
attract investors.
Ajimobi emphasised that the state’s economy
was improving daily, which will ultimately put
government in a position to earn more revenue
internally.


Source: naijanewsandevents.com/news_portal/newss/top-stories/item/726-ajimobi-how-akala-blew-n3b-in-one-week.html

Ipinle oyo ajumose gbogbo wa ni
oyo ha dara hoooo
ajimobi till akala refund the N3b