$106m Ilesa Water Loan: Adeleke suspends project consultant, begins probe



Uba Group

Osun State Governor, Ademola Adeleke has directed the immediate suspension of the project consultant for the Ilesa Water Project, Mrs. Tawa Williams over questionable handling of $106 million loan for the project.

The governor, in a statement by his spokesperson, Olawale Rasheed, on Wednesday, further ordered full scale probe of the entire project and disbursed loans especially, saying there is no progress on the project despite reported disbursement of N10 billion and another $28million on the project.

Adeleke equally suspended the project coordinator to allow for unhindered review of the loan administration while the Consultant was directed to return to government the N70m bullet proof jeep in her possession.

The statement revealed that Governor Adeleke’s directive was sequel to the interim report of the State’s Assets Recovery Committee which made recommendations for immediate action to stop further squandering of loans secured to execute the Water Project.

He frowned at alleged large scale corruption reflected in the handling of the loans and the project, an action he regretted has denied people of Ilesa and environs of drinkable water.

“My administration will dig into this matter with all seriousness. The huge fund in question are loans to be repaid. We have a sacred duty to ensure accountability and transparency in the handling of the fund and the project”, Adeleke affirmed.

The Assets Recovery Committee had submitted an interim report and revealed an ongoing large scale pilfering of the procured loans while the project recorded no progress commensurating with reported expenditure.

According to the interim report of B. Salami led committee, the Islamic Development Bank agreed to fund the project to the tune of $65 million while the Federal Government provided $41.94 million.

“So far, a total of $27.073 million has been expended from the IDB loan of $65 million, leaving a balance of the sum of $37.926 million. However, from the Federal Government loan of $41.94 million which the Consultant had converted to N12 Billion, the sum of N10 Billion had been purportedly spent on the project, leaving a balance of N2 Billion”, the report posited.

The committee noted that despite the huge sums of $27.073 million and N10 Billion of the state resources (repayable loans) already spent so far, the Ilesa water project is not yet functional and the good people of Ilesa are yet to access any water.