The Bayelsa State Government has denied receipt of N38billion from the Federal Government as refund on infrastructural projects executed by the State government, declaring that instead the Federal Government paid the State the sum of N27billion.
A breakdown of the money anticipated from the Federal Government on the execution of highway projects execution as far back as 2005 to date include Bayelsa State – 38.4, Cross River State – 18.4 billion, Ondo State – 7.8 billion, Osun State – 4,5 billion and River State – 78.9.
While Rivers State through the Governor, Nyosome Wike, announced the receipt of its full payment of N78billion as approved. Bayelsa seems to have been short changed with N11billion.
The Technical Adviser on Treasury and Accounts, Timipre Seipulo, who confirmed the development during the monthly Transparency Initiative briefing, for the month of November and December 2020, explained that the federal government has structured the refund process in the way that state have to wait for four to five years before they can access the full amount of the refunds.
But according to him, for states that want their funds, it has to be discounted and as such the 27billion naira that announced by the government is the discounted amount from the 38 billion naira.