Ibadan Explosion Relief Funds: Oyo Government Reveals N30 Billion Federal Intervention Fund Still Untouched Over a Year After Bodija Blast
The Oyo State government has confirmed that the N30 billion released by the Federal Government for post-explosion relief following the January 16, 2024 Bodija explosion in Ibadan remains unused, more than a year after it was deposited in a dedicated account.
According to a statement on Thursday, while President Bola Tinubu approved N50 billion for intervention, only N30 billion has been released, with the remaining N20 billion yet to be disbursed. The released funds are kept intact in a dedicated Oyo State Infrastructure Support Account at First Bank of Nigeria (No. 2045199879) to ensure transparency and proper management.
The government explained that it deliberately refrained from spending the funds because the remaining N20 billion has not been released and due to ongoing uncertainties surrounding the approval process.
The disclosure follows criticism from the African Action Congress (AAC), Oyo State Chapter, which accused Governor Seyi Makinde’s administration of lacking transparency in handling the relief funds. Reports suggested that only ₦4.5 billion had been approved for compensation to victims, sparking public concern over the remaining N45.5 billion.
The Bodija explosion, caused by illegally stored explosive devices, devastated the Old Bodija residential area, resulting in multiple fatalities, injuries, and damage to over 230 properties. Governor Makinde’s administration has emphasized that the N30 billion remains untouched as it awaits the release of the balance to ensure proper relief and resettlement for affected families.
:
#IbadanExplosion #OyoStateRelief #FederalFundsUntouched
The Oyo State government has confirmed that the N30 billion released by the Federal Government for post-explosion relief following the January 16, 2024 Bodija explosion in Ibadan remains unused, more than a year after it was deposited in a dedicated account.
According to a statement on Thursday, while President Bola Tinubu approved N50 billion for intervention, only N30 billion has been released, with the remaining N20 billion yet to be disbursed. The released funds are kept intact in a dedicated Oyo State Infrastructure Support Account at First Bank of Nigeria (No. 2045199879) to ensure transparency and proper management.
The government explained that it deliberately refrained from spending the funds because the remaining N20 billion has not been released and due to ongoing uncertainties surrounding the approval process.
The disclosure follows criticism from the African Action Congress (AAC), Oyo State Chapter, which accused Governor Seyi Makinde’s administration of lacking transparency in handling the relief funds. Reports suggested that only ₦4.5 billion had been approved for compensation to victims, sparking public concern over the remaining N45.5 billion.
The Bodija explosion, caused by illegally stored explosive devices, devastated the Old Bodija residential area, resulting in multiple fatalities, injuries, and damage to over 230 properties. Governor Makinde’s administration has emphasized that the N30 billion remains untouched as it awaits the release of the balance to ensure proper relief and resettlement for affected families.
:
#IbadanExplosion #OyoStateRelief #FederalFundsUntouched
Ibadan Explosion Relief Funds: Oyo Government Reveals N30 Billion Federal Intervention Fund Still Untouched Over a Year After Bodija Blast
The Oyo State government has confirmed that the N30 billion released by the Federal Government for post-explosion relief following the January 16, 2024 Bodija explosion in Ibadan remains unused, more than a year after it was deposited in a dedicated account.
According to a statement on Thursday, while President Bola Tinubu approved N50 billion for intervention, only N30 billion has been released, with the remaining N20 billion yet to be disbursed. The released funds are kept intact in a dedicated Oyo State Infrastructure Support Account at First Bank of Nigeria (No. 2045199879) to ensure transparency and proper management.
The government explained that it deliberately refrained from spending the funds because the remaining N20 billion has not been released and due to ongoing uncertainties surrounding the approval process.
The disclosure follows criticism from the African Action Congress (AAC), Oyo State Chapter, which accused Governor Seyi Makinde’s administration of lacking transparency in handling the relief funds. Reports suggested that only ₦4.5 billion had been approved for compensation to victims, sparking public concern over the remaining N45.5 billion.
The Bodija explosion, caused by illegally stored explosive devices, devastated the Old Bodija residential area, resulting in multiple fatalities, injuries, and damage to over 230 properties. Governor Makinde’s administration has emphasized that the N30 billion remains untouched as it awaits the release of the balance to ensure proper relief and resettlement for affected families.
:
#IbadanExplosion #OyoStateRelief #FederalFundsUntouched
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