Govt alleges that the farm was sold with no trace of any remittance, adding that it is negotiating to retrieve seized properties of the state from AMCON
Kwara Government on Thursday said the state had been fraudulently negotiated into underwriting the debts incurred by the former administrations in the name of Shonga Farm, a venture it said was funded 100% at inception with tax payers money without any gains accruing to the people under whatever guise.
At a press briefing to explain the recent takeover of two Kwara properties by Assets Management Corporation of Nigeria (AMCON) owing to about N1.7bn debts of the Farm, the government said more than a cumulative sum of N5bn of public funds and loans secured with the government as guarantor have been sunk into the agricultural project with no traces of any dividends to the people of the state.
READ ALSO:
– Advertisement –
Kwara govt wants Air Force Comprehensive School in state
The press briefing was jointly addressed by Attorney General and Commissioner of Justice Salman Jawondo (SAN); Commissioner for Communication Hon. Bode Towoju; Special Adviser to the Governor of Political Matters Lateef Alakawa; Special Adviser to the Governor of Political Communication Bashir Adigun; and Group Managing Director of Harmony Holdings Abdullahi AbdulMajeed.
The government said out of the 13 autonomous farms set up with public funds, nine had been sold out with no kobo paid to the public coffers, even when the government is supposed to…
