Tuesday, 24 Jun 2025
Subscribe
TrackNews Logo
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
  • 🔥
  • News
  • Politics
  • National
  • Sports
  • Crime
  • Entertainment
  • Business
  • Breaking News
  • Gist
  • Health
Font ResizerAa
Track NewsTrack News
Search
Follow US
©2025 Track News Media. All Rights Reserved. | Website Designed By AfeesHost
Home » Blog » Edo farmers cry out to Buhari, Lawan, Gbajabiamila over alleged misuse of N75bn agric loans
News

Edo farmers cry out to Buhari, Lawan, Gbajabiamila over alleged misuse of N75bn agric loans

Last updated: July 21, 2020 11:22 am
Track News
Share
SHARE

TRACKING___Farmers under the auspices of Edo State Concerned Farmers Association, on Monday, protested in Abuja over alleged misuse of the sum of ₦75 Billion Naira Agricultural Loans by the Governor Godwin Obaseki administration of Edo State.

The group of Edo farmers led by comrade Afeiye Muhammed claimed that the loans were procured from the Central Bank of Nigeria and loans from the World Bank.

In a petition to President Muhammadu Buhari, they claimed that none of their members got the monies in spite of the fact they applied for it since 2017.

The petition was also addressed to the President of the Senate, Ahmed Lawan, Speaker of the House of Representative, Femi Gbajabiamila, the Chairmen of EFCC, ICPC and the Minister of Finance, Budget and National Planning.

According to the farmers, “In 2017 we participated in the Agripreneur programme in Sobe, Owan West Local Government Area of Edo State, where we planted and harvested Maize. However, since the harvest three years ago, till date, we are yet to receive proceeds from the sale of our Maize by Edo State Government and SARO Agro Sciences Limited.

“In 2019 we also participated in the Agripreneur programme in Agenegbode, Etsako East Local Government Area, where we planted and harvested rice. Since the harvest in October 2019, Edo State Government and Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) took our rice for processing and sale in Abakaliki. However, we have waited in vain for 9 months, and till date, the proceeds from the sale of our rice have not been paid back to us.

“Additionally, the ₦69 Billion Naira CBN Loan invested into Edo State Oil Palm Programme, have been hijacked, Local farmers in the State were removed from the programme.

“Additionally, we want Nigerians to know that funds for Fadama 111 Project Additional Financing, were never disbursed to farmers in Edo State.

“Over the years, contracts for the implementation of World Bank-funded projects in Edo State have been overinflated and awarded to briefcase companies In some cases, these contracts are never executed or poorly executed after complete payments have been collected by these briefcase companies.”

The farmers called on the CBN to take urgent steps to ensure that Edo State Government, SARO Agro Sciences Limited and NIRSAL pay Edo State Farmers, proceeds from the sale of their crops between 2017 and 2019.

They also called on the CBN and World Bank as well as other financial institutions to stop further disbursement of Loans to Edo State Government, and instead carry out a thorough investigation into how previous loans between 2016 and 2020 were spent, and those responsible for embezzling these Loans should be prosecuted and made to refund the stolen funds.

Continuing, they noted: “We plead with the Governor of CBN and the Country Director of World Bank, not to cover up these fraudulent activities in Edo State, but to immediately commence a thorough forensic investigation in partnership with the EFCC, ICPC and Civil Society Groups in Edo State, and those found to have misappropriated these funds should be prosecuted.”

Kindly Share This Story:
TAGGED:Edo farmers cry out to BuhariGbajabiamila over alleged misuse of N75bn agric loansLawan
Share This Article
Email Copy Link Print
Previous Article As for me and my house, We’ll not follow Obaseki to PDP, says Esele
Next Article Diri ‘ll govern Bayelsa with bitterness of heart – Timi Frank
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

You Might Also Like

News

Former Kaduna State Deputy Governor Is Dead

By
Track News
News

President Tinubu announces new national minimum wage to be implemented in 2024

By
Tina Walson

IPOB Members Want To Kill Me – Nnamdi Kanu’s Lawyer Reveals

By
Track News

Gathering of 50 or more people banned in Ogun State over coronavirus

By
Track News
Track News
Facebook Twitter Youtube Instagram

About US

Track News is a leading news site with a primary focus on Nigeria and world news in general. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Top Categories
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
Usefull Links

© Track News Media. All Rights Reserved. | Website Designed By AfeesHost

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?