Skip to content
August 1, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Aregbesola inflated airport contract by N11 billion, PDP Alleges
  • National News

Aregbesola inflated airport contract by N11 billion, PDP Alleges

Admin January 18, 2016

AregbesolaThe Peoples Democratic Party has accused Governor Rauf Aregbesola of inflating the contract sum of the Moshood Abiola International Airport, Ido Osun, from N4.5bn to N15.5bn.

The Director of Media and Strategy of the PDP in the state, Mr. Diran Odeyemi, said this in a statement in Osogbo on Sunday.

The opposition party accused the governor of jerking up the contract sum in order to allegedly embezzle the bailout loan the state got from the Central Bank of Nigeria while workers in the employ of the state were languishing as a result of unpaid salaries.

The PDP called on President Muhammadu Buhari to beam its searchlight on the financial activities in Osun State, especially the airport project.

The statement partly read, “We are aware that Governor Aregbesola on the 8th of January this year through an award letter with reference number SP/S96/1/vi/348 re-awarded the airport   contract to the same contractor and a payment of N472m was paid as take off.

“The same company had earlier been paid N2.7bn for the same project without any serious work done on the project.

“We are calling on the President and anti-graft agencies to send a secret team to the site of the so-called Moshood Abiola International Airport, Ido Osun, to confirm what the government and the Air force company had done with the N2.7bn taken from the purse of the state on the 14th of December 2012.

“Of the amount, N2.5bn was sourced as a loan from Sterling Bank repayable monthly at N100m from Sure-P funds. That loan is now part of the N88bn restructured for the state by the Central Bank for repayment till the year 2034.

“The latest review of the contract is a brazen attempt to misappropriate funds, including the bailout loan meant to pay hungry civil servants, lecturers and medical doctors.”

The PDP accused the governor of running the affairs of the state as a sole administrator, adding that the re-awarding the contract was in clear violation of the Public Procurement Act.

The Consultant on Information to Osun State Government, Mr. Sunday Akere, when contacted on the telephone said he was at a very noisy place.

Although the noise could be heard at the background, Akere had yet to respond to the text sent to him on the matter as of the time of filing this report. PUNCH

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsticker recommended

Post navigation

Previous Jonathan Ran CBN Like Idi Amin, Soludo Blasts
Next Vandalism of Oil and Gas Facilities: No Plan To Attack Riverine Communities – Okowa

Related Stories

How Tinubu’s aggressive infrastructure development is driving Nigeria to a $1trn economy – Yilwatda 
  • National News

How Tinubu’s aggressive infrastructure development is driving Nigeria to a $1trn economy – Yilwatda 

August 1, 2026
Nigerian Army Rescues 14 Abducted Commuters in Edo
  • National News

Nigerian Army Rescues 14 Abducted Commuters in Edo

July 31, 2026
Oriire abduction: UN probe call not to diminish security efforts – Makinde Group knocks Oyo APC
  • National News

Oriire abduction: UN probe call not to diminish security efforts – Makinde

July 31, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Cardinal Onaiyekan’s abuse of clerical privilege, by Temitope Ajayi
  • Commentaries

Cardinal Onaiyekan’s abuse of clerical privilege, by Temitope Ajayi

August 1, 2026
FIFA falls apart over Infantino’s $20bn sell-off deal linked to Trump; adviser resigns
  • Sports

FIFA falls apart over Infantino’s $20bn sell-off deal linked to Trump; adviser resigns

August 1, 2026
How Tinubu’s aggressive infrastructure development is driving Nigeria to a $1trn economy – Yilwatda 
  • National News

How Tinubu’s aggressive infrastructure development is driving Nigeria to a $1trn economy – Yilwatda 

August 1, 2026
Nigerian Army Rescues 14 Abducted Commuters in Edo
  • National News

Nigerian Army Rescues 14 Abducted Commuters in Edo

July 31, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.