28/08/2014
OGUN STATE OWES MORE THAN N300bn - READ THIS AGAIN
How the Governor of Ogun State Mortgaged our future with Debts. This will shock you!
Project: Sagamu/Benin Express Junction/Oba Erinwole Road
Contractor: P.W Nigeria Ltd
Contract Sum: N8,046,000,000.00
Amount Paid: N4,500,000,000.00
Outstanding Balance: N3,546,000,000.00
Project: Ilara/Ijohun/Ilase Road
Contractor: P.W Nigeria Ltd
Contract Sum: N13,500,000,000.00
Amount Paid: N2,500,000,000.00
Outstanding Balance: N11,000,000,000.00
Project: Ejirin-Oluwalogbon Junction
Contractor: P.W Nigeria Ltd
Contract Sum: N6,698,490,827.58
Amount Paid: N2,000,000,000.00
Outstanding Balance: N4,698,490,827.28
Project: Ilo Awela Road
Contractor: CCECC
Contract Sum: N4,946,069,512.58
Amount Paid: N2,000,000,000.00
Outstanding Balance: N2,946,069,512.58
Project: OGTV brewery Junction Road
Contractor: CCECC
Contract Sum: N13,886,000,000.00
Amount Paid: N4,500,000,000.00
Outstanding Balance: N9,386,000,000.00
Project: Lafenwa Aiyetoro Road
Contractor: CCECC
Contract Sum: N6,500,000,000.00
Amount Paid: N1,000,000,000.00
Outstanding Balance: N5,500,000,000.00
Project: Ojere-Adatan Roundabout
Contractor: CCECC
Contract Sum: N7,832,704,250.00
Amount Paid: N2,400,000,000.00
Outstanding Balance: N5,432,704,250.00
Project: Ikangba/Ilese Road
Contractor: P.W Nigeria Ltd
Contract Sum: N12,000,000,000.00
Amount Paid: N0.00
Outstanding Balance: N12,000,000,000.00
Project: Abeokuta-Sagamu Road
Contractor: CCECC
Contract Sum: N60,000,000,000.00
Amount Paid: N0.00
Outstanding Balance: N60,000,000,000.00
Project: Mowe-Ofada-Ibafon Road
Contractor: CSCC
Contract Sum: N13,250,000,000.00
Amount Paid: N1,500,000,000.00
Outstanding Balance: N11,750,000,000.00
Project: Sango/Ijoko/Ojodu-Abiodun Road
Contractor: CSCC
Contract Sum: N34,982,553,167.40
Amount Paid: N2,000,000,000.00
Outstanding Balance: N32,982,553,167.40
Project: Moshood Abiola Way
Contractor: Hi-Tech
Contract Sum: N5,950,000,000.00
Amount Paid: N2,000,000,000.00
Outstanding Balance: N3,950,000,000.00
Project: Papa/Ilaro Road
Contractor: Hi-Tech/CSCC
Contract Sum: N12,852,560,509.49
Amount Paid: N0.00
Outstanding Balance: N12,852,560,509.49
Project: Ilishan/Ago-Iwoye Road
Contractor: Borini Prono
Contract Sum: N7,321,970,000.00
Amount Paid: N2,000,000,000.00
Outstanding Balance: N5,321,970,000.00
Project: Magboro Under Pass Road
Contractor: First August
Contract Sum: N3,321,970,000.00
Project: Moshood Abiola Way/Muda Lawal Stadium Road
Contractor: First August
Contract Sum: N686,482,500.00
Amount Paid (For both contacts) : N436,500,000.00
Outstanding Balance (For both contracts): N3,404,427,925.00
Project: Ijebu Igbo Township Road
Contractor: Borini Prono
Contract Sum: N7,900,000,000.00
Amount Paid: N0.00
Outstanding Balance: N7,900,000,000.00
Project: Fly Over-Bridge @ Lagos Garage
Contractor: Kepxing
Contract Sum: N1,389,655,120.00
Amount Paid: N1,194,827,560.00
Outstanding Balance: N194,827,560.00
Project: Fly-Over Bridge @ Mobalufon
Contractor: Kepxing
Contract Sum: N1,389,655,120.00
Amount Paid: N1,194,827,560.00
Outstanding Balance: N194,827,560.00
Project: Bridge Over Yakoyo River
Contractor: Kepxing
Contract Sum: N3,164,447,582.10
Amount Paid: N510,344,880.00
Outstanding Balance: N2,654,102,702.10
Project: Bridge Over Abule Ekun River
Contractor: Veapo
Contract Sum: N3,863,640,028.50
Amount Paid: N500,000,000.00
Outstanding Balance: N3,363,640,028.00
Project: Moriamo Olorombo Road
Contractor: SKTOBS
Contract Amount: N146,000,000.00
Amount Paid: N20,000,000.00
Outstanding Balance: N126,000,000.00
Project: Somorin/Ajebo Road
Contractor: Zebra Gold
Contract Amount: N3,610,550,000.00
Amount Paid: N0.00
Outstanding Balance: N3,610,550,000.00
Total Sum of Contract – N233,762,706,542.35
Total Amount Paid as @ 31st December 2013 N30,256,500,000.00
Total Outstanding Balance owed Contractors as @ 31st December 2013 – N203,506,206,542.35 (Two Hundred & Three Billion, Five Hundred & Six Million, Two Hundred & Six thousand, Five Hundred & Forty Two Naira, Thirty Five Kobo ONLY)
NB: This doesnt include the external debt of N 20 billion that Governor Amosun borrowed o.
How then can our debt be N 35 billion ?
Iro yi poju. This lie lie too much
