By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Umahi Denies Authorization Of N9.3bn Payment To Microfinance Bank
Share
Sign In
Notification Show More
Latest News
NCAA Calls for Legal Action Against Fuji Star K1 De Ultimate Over Alleged Disruptive Behavior on ValueJet Flight
Aviation Business Judiciary Legal/Courts Metro News
FG Issues Mandatory Compliance Directive To MDAs
Business Civil Service Economy News
AITEC-WORLD Launches Initiative To Revolutionize Africa’s Tourism, Economic Cooperation 
Business Civil Society Organisations Culture Environment News Travel/Leisure
Media Trials: False Scandals Undermining Police Integrity
Insecurity Media Metro News
Dangote Bags ‘Cement Company of the Year’ Award At Africa Housing Show
Awards and Recognitions Business Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > News > Umahi Denies Authorization Of N9.3bn Payment To Microfinance Bank
News

Umahi Denies Authorization Of N9.3bn Payment To Microfinance Bank

Publisher
By Publisher Published January 28, 2024
Share
4 Min Read
SHARE

… Says ‘Contract Awarded While I Was Governor’

By Chidiebere Ugwu

The Minister of Works, Senator David Umahi has debunked the media report that he authorised the payment of N9.3bn meant for road construction to a Mirco-Finance Bank.

Recall that Tracka, BudgIT’s service delivery promotion platform, alleged that it uncovered a total of N9.3bn paid by the Federal Ministry of Works to FIMS Microfinance Bank Limited and accused the minister of breaking the 2007 procurement law.

But the Special Adviser on Media to the Minister, Barrister Orji Uchenna Orji, in a statement issued on Saturday described the report as “malicious” and the “imagination of the writer,” saying that, Umahi was the governor of Ebonyi State when the project was awarded.

The statement, which also quoted the minister reacting to the allegation while on the inspection tour to the East, said the release of the funds for 62 projects to the bank was conducted between June and December 2023.

The minister, who also clarified that he was in the senate when the first payment was paid in June, said the ministry acted in accordance with the law as the payment was made for service delivered by contractors and not for the contract awarded to the bank itself.

“Let me also use the opportunity to debunk something ongoing in the social media. I don’t know what they call the group, is it Tracka or something? It is said it is monitoring the budget of the federal government. And I saw where they put my picture, a very beautiful picture, for that matter, and said that we paid 9.3bn to the microfinance bank.

“But they went ahead and tagged about the eight points something billion against some projects in Ekiti State, in Kaduna State, in Kastina State, in Boronu State, and say these payments were done between June. In June, I was in the Senate. So these projects, if they are correct, would have been awarded why I was still a governor, so not a minister.

“Number two, in June I was in the Senate. In July I was in the Senate. Up to the 20th August, I was in the Senate. But there are issues when a contractor has done his or her work, the money becomes his money. He can say, pay it to this bank, pay it to this bank. And so they’re being very mischievous. If they’re asking 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. And so whether he’s paid in a microfinance bank or macro-finance bank, without prejudice to the fact that I don’t have the facts about the jobs, they have no right to say it was paid into microfinance.

“Their right is to go and verify if the jobs were done. If the jobs were done, then it doesn’t matter where the money was paid to. And so it’s just a distraction. And then some of the contractors are using them to fight back. But I refuse to be distracted. The jobs were never awarded by me. Payments were not made by me.

“And even if they were done by me, if the jobs were done and the certificate generated and then deployed to the platform and it was appropriated and money was released against the project, then they have no right to question where it was paid to”, he minister said.

Like this:

Like Loading...

Related

You Might Also Like

NCAA Calls for Legal Action Against Fuji Star K1 De Ultimate Over Alleged Disruptive Behavior on ValueJet Flight

FG Issues Mandatory Compliance Directive To MDAs

AITEC-WORLD Launches Initiative To Revolutionize Africa’s Tourism, Economic Cooperation 

Media Trials: False Scandals Undermining Police Integrity

Dangote Bags ‘Cement Company of the Year’ Award At Africa Housing Show

TAGGED: Dave Umahi, Minister of Works

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher January 28, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article OCHIE Igbo Writes NASS, Demands S/East, S/South Inclusion In AKK, Gas Project
Next Article Enugu gov’t restates ban on scavengers, cart pushers, commences enforcement
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

NCAA Calls for Legal Action Against Fuji Star K1 De Ultimate Over Alleged Disruptive Behavior on ValueJet Flight
Aviation Business Judiciary Legal/Courts Metro News August 8, 2025
FG Issues Mandatory Compliance Directive To MDAs
Business Civil Service Economy News August 7, 2025
AITEC-WORLD Launches Initiative To Revolutionize Africa’s Tourism, Economic Cooperation 
Business Civil Society Organisations Culture Environment News Travel/Leisure August 7, 2025
Media Trials: False Scandals Undermining Police Integrity
Insecurity Media Metro News August 7, 2025

You Might also Like

AviationBusinessJudiciaryLegal/CourtsMetroNews

NCAA Calls for Legal Action Against Fuji Star K1 De Ultimate Over Alleged Disruptive Behavior on ValueJet Flight

August 8, 2025
BusinessCivil ServiceEconomyNews

FG Issues Mandatory Compliance Directive To MDAs

August 7, 2025
BusinessCivil Society OrganisationsCultureEnvironmentNewsTravel/Leisure

AITEC-WORLD Launches Initiative To Revolutionize Africa’s Tourism, Economic Cooperation 

August 7, 2025
InsecurityMediaMetroNews

Media Trials: False Scandals Undermining Police Integrity

August 7, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d