If Buhari read this article he will be like mr Dele na my boy

PrivateInvestig:
Lqrd

Kogi state government led by Governor
Yahaya Bello is set to plunge the state into
debt as it is set to purchase 109 cars for
traditional rulers, House of Assembly
members, Commissioners local government
administrators at a whooping and surprising $12m.
According to the documents seen by
our correspondent and signed by kogi state’s
commissioner for Finance, Asiru Idris, dated june
9th, shows that the $12m will be a loan from
Zenith bank with an interest rate of 8% repayable
for 3 years.
Investigation by our reporter further revealed that
the contract for the supply of 55 Toyota Prado
Jeeps, 29 Camry Cars, 11 Corollas and 14 Land
Cruiser Jeeps (all 2016 model) was over bloated
by over 40%.
The cost of the vehicles is N2,899,000,000
with the breakdown as- 11 Toyota corolla at
N143million (13million per unit); 29 Camry Cars
N551 million (N19m per unit); 55 Toyota Prado
VXL at N1,650 billion (N30 million each); 5 Land
Cruisers V8 VXR at
N240million (48 million per unit) and 9 Land
Cruisers V8 VXR at N315 million (N35million per
unit).
Kogi state government accepting the offer for the
supply of 109 vehicles by Philko Ltd.
It also remain a mystery how the state
government and the contractor arrived at the $12m
price for the contract as our
conversion using the CBN rate of N310.17 to $1
shows that N2,899,000,000 billion is
$6935406.699 while the black market rate at N418
is $9346487.41 It is unclear where the remaining
over $3million or $6million will go. More
worrisome, the Kogi state government has offered
to pay in Dollars thereby violating CBN rules just
as the said $12m loan will be repaid via Internally
Generated Revenue which in turn will translate to
increase in taxies and levies on the already
impoverished Kogi citizens.
Efforts to speak to both the Kano based
contractor, Philko Ltd and the Kogi state
commissioner for Finance and development,
Asiwaju Asiru Idris was not successful. While the
Mr Asiru did not pick calls placed to his telephone,
the contractor did not respond to mails sent to its
official email.
Letter of offer for the supply of 109 vehicles by
Philko Ltd to the Kogi state government.
Letter of offer for the supply of 109 vehicles by
Philko Ltd to the Kogi state government.
As Nigeria’s economy continue to swim in
recession, governments at all levels are
expected to cut costs by prioritizing projects that
will have direct positive impact on the lives of the
citizenry, but it remains unknown
as to how the luxury cars will improve the
economy of the confluence state.

How much be #olosho# for fajuyi park in Ado ekiti way the man no fit carry, just waist the life of an innocent soul #RIP# to the lady