The Governor of Oyo State, Engineer Seyi Makinde, on Wednesday alleged that the previous administration headed by late Abiola Ajimobi laundered a whooping N96billion between 2011 and 2019.
Makinde alleged that during the two-term stint of Ajimobi, he and his cohorts were always planning on how to shortchange the state of one billion naira monthly.
However, he promised to go after the alleged looters through the Oyo State Anti-Corruption Agency to recover the said amount to develop the pacesetter state.
Makinde made this allegation while flagging off the reconstruction of the 21-kilometre Airport-Ajia-New Ife Expressway.
The project was awarded to Messrs Peculiar Ultimate Concerns Ltd at the cost of N8.5bn and it is expected to be completed within 18 months.
It would be noted that the project was the first to be awarded under the Alternative Project Funding Approach (APFA) policy of the state government.
With this new arrangement, contractors will execute projects with their funds while the government pays back over a period of time. In this case, Oyo State Government will pay the contractor over the next 29 months.
Makinde said paucity of funds and the need to deliver critical infrastructural projects forced his administration into taking this decision. He also noted that this policy will ensure that contractors deliver quality and durable projects within stipulated time.
According to the governor, while Lagos and Ogun states have a monthly Internally Generated Revenue (IGR) of N30bn and N7bn respectively, Oyo state makes a paltry N2.3bn.