Saturday, April 18, 2026
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-paper
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-paper
No Result
View All Result
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-paper
No Result
View All Result
Salient Times Online
No Result
View All Result
Home News

Umahi Debunks Claims Of Fraudulent Payment Of Funds To Microfinance Bank, Says It Is A Distraction

Salient Times Online by Salient Times Online
January 28, 2024
in News
0
Umahi Debunks Claims Of Fraudulent Payment Of Funds To Microfinance Bank, Says It Is A Distraction
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Umahi Debunks Claims Of Fraudulent Payment Of Funds To Microfinance Bank, Says It Is A Distraction

By Joyce Onuora, Abakaliki

You might also like

Benue Abduction: Security Operatives Nab Seven Suspects, Launch Forest Rescue Operation

Two abducted UTME candidates escape from kidnappers

Egba Traditional Panel Rules Against Councillor in Owode Land Dispute, Affirms ‘Young Agro’ Ownership

 

ADVERTISEMENT

The Minister of Works Sen. Nweze David Umahi, has debunked the claim that funds for construction of roads was fraudulently paid into a Microfinance Bank contrary to extant regulations.

According to a statement signed and issued to Newsmen on Saturday by Orji Uchenna Orji, Special Adviser (Media) to the Minister of Works, he described the claims of tracka budgit as incredibly fallacious, mischievous and fraudulent to mislead the public

According to the Honourable Minister, “Let me also use the opportunity to debunk something that is ongoing in the social media. I don’t know what they call the group, Is it Tracta Budgit or something which claims they’re monitoring the budget of federal government; said that we paid 8.7 billion to the microfinance bank.

Speaking to some journalists today in Rivers State during the inspection of the Enugu-Port Harcourt dual carriageway being reconstructed by Arab Contractors Ltd, Sen. Umahi disclosed that the organisation “went ahead and said, that the 8.7 billion were paid against a number of projects in Ekiti State, in Kaduna State, Kastina State and Borno State between June and September, 2023.

The Honourable Minister while debunking further the erroneous claim by Tracka Budgit stated that as at June 2023, “he was in the Senate. So, if they are correct, it means the contracts would have been awarded while I was still a Governor, so not a minister.”

Concerning the payments to a Microfinance bank, the Minister explained that as at July, “I was in the Senate Up to the 20th of August”.

He, however explained concerning the payments to a Microfinance Bank that “when a contractor has done his or her work, the money becomes his money. He can say pay it to any bank of his choice.”

Sen. David Umahi described as very mischievous the claim by the organisation stating that they should have investigated “whether the job was done, that is the only right they have. But they don’t have the right to say where a contractor will say his money will be paid.

He submitted therefore that “whether it’s paid in microfinance bank or macrofinance bank, what is paramount to establish if the funds were rightly paid for good work done.”

The Honourable Minister averred that it was an attempt to distract his commitment to delivering on the Renewd Hope Agenda of President Tinubu for the road sector development in Nigeria.

“And so, it’s just a distraction. And then, some of the bank contractors are using them to fight back. But I refuse to be distracted, he restated.

On his efforts to ensure quality delivery of road projects through partnership with the States, Sen. Umahi said “let me also say that in all the states, it’s our policy that the state governors, through their appointed officials, must mark off any project, especially the emergency, palliative projects.

According to him “when a contractor has completed a job, no matter how big it is, my advice is for the state governor to come to the site and look at it and then mark off the job before he gets to office for payment.

He strongly affirmed that “Where this procedure is not done, I will not sign any generated certificate”.

Meanwhile, Minister of Works, Sen Umahi inspects the 56.10 kilometers Enugu-Port Harcourt Dual Carriageway under reconstruction in Abia State and the 15 kilomometers Eleme to Onne Junction in East West Road Section 3, comprising of 3 lanes each in Port Harcourt, Rivers State.

Tags: Dave Umahi
Previous Post

AFCON 2023: Impressive Super Eagles Devour Cameroon’s Indomitable Lions

Next Post

Late Akogun Segun Okeowo: An Epitome Of Dignity, Hardwork… Ogun Commissioner

Salient Times Online

Salient Times Online

Related Posts

Benue Abduction: Security Operatives Nab Seven Suspects, Launch Forest Rescue Operation
News

Benue Abduction: Security Operatives Nab Seven Suspects, Launch Forest Rescue Operation

by Salient Times Online
April 18, 2026
Terror attacks in Niger, Kebbi force residents to abandon communities
Education

Two abducted UTME candidates escape from kidnappers

by Salient Times Online
April 17, 2026
Egba Traditional Panel Rules Against Councillor in Owode Land Dispute, Affirms ‘Young Agro’ Ownership
News

Egba Traditional Panel Rules Against Councillor in Owode Land Dispute, Affirms ‘Young Agro’ Ownership

by Salient Times Online
April 17, 2026
Hashim Urges Nigeria’s Renewal, Cites Rwanda’s Anti-Corruption Gains as Model
News

Hashim Urges Nigeria’s Renewal, Cites Rwanda’s Anti-Corruption Gains as Model

by Salient Times Online
April 17, 2026
Ogun ADC: Soluade Asserts Authority, Suspends Mock Inauguration
Politics

Ogun ADC: Soluade Asserts Authority, Suspends Mock Inauguration

by Salient Times Online
April 17, 2026
Next Post
Late Akogun Segun Okeowo: An Epitome Of Dignity, Hardwork… Ogun Commissioner

Late Akogun Segun Okeowo: An Epitome Of Dignity, Hardwork... Ogun Commissioner

Salient Times Online © 2026. All Rights Reserved.

Published by Salient Times Media Services (RC: 2765133)
NUJ House, Iwe Irohin, Abeokuta, Ogun State, Nigeria.

Categories

  • Business
  • Celebrity Gist
  • Crime
  • Culture
  • Education
  • Entertainment
  • Fashion
  • Features
  • Food
  • Gist
  • Health
  • ICT
  • International
  • Interview
  • Lifestyle
  • Metro
  • National
  • News
  • Obituary
  • Opinion
  • Politics
  • Religion
  • Sponsored
  • Sports
  • Travel
  • World

Salient Times Online © 2026. All Rights Reserved. About Us | Contact Us | Privacy Policy | Home

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-paper

Salient Times Online © 2026. All Rights Reserved. About Us | Contact Us | Privacy Policy | Home