Thread by @TheICIR

Akwa Ibom Gov @MrUdomEmmanuel, SSG in Multi-Billion Naira Scandal

The House of Assembly approved N2.5bn for the maintenance of the state aircraft but the SSG’s office spent N5.04bn on the maintenance of one aircraft, which is used exclusively by the Gov. bit.ly/3nyaBBk

THE Akwa Ibom State Govt this year released the Account General’s annual report and audited financial statements for 2019. A thorough analysis of the report reveals that the offices of the Gov & SSG made several questionable and extra-budgetary expenses in 2019. cc. @EditiEffiong

These bizarre expenses were incurred on cars, aircraft maintenance, fuel, government special projects and governor’s hospitality exceed N10 billion. bit.ly/3nyaBBk

@InibeheEffiong @officialEFCC

N4.864 billion spent on cars

The report reveals that the office of the SSG purchased 15 new Toyota Prado Jeeps (TXL) for the sum of N4.864 billion, though the approved budget for that item was N738 million. So an extra N4.126 billion was posted for the purchase of these cars.

The figures in the financial report, imply that the unit cost for one Toyota Prado Jeep (TXL) is more than N324 million. But a market price survey conducted in October 2020 by our reporters showed that the current unit price of the car is N34 million. bit.ly/3nyaBBk

Cheki cars (@AutochekNigeria), a reputable car company in #Lagos, said 15 new Toyota Prado Jeep (TXL) would be sold for N510 million only, which is N228 million less than the original amount approved for the vehicles. bit.ly/3nyaBBk

Even with a mark up of 20 per cent profit for the supplier of the vehicles, they should not have cost more than N612 million.

Click to read the full report here: bit.ly/3nyaBBk