Fashola looted N402billion Lagos funds and now......

Nigerians and the world at large, this story is one crazy one and I think is best if the international  community feel our pain and what has being said about Governor Fashola of  Lagos State. This is the first of its’ kind, Governor Fashola accused of looting of government founds and misappropriation of Lagos State resource. 

As the story grows their is also mention of the name of the one and only 

“jagabandit of Bourdillion Close, Asiwaju Bola Ahmed Tinubu"

 in this looting; the following are to be noted

“Fashola claims he spent the sum of N1.5Billion of un-appropriated funds, without approval in demolishing and planting grass at Oshodi. No newspaper reported this.

Fashola’s god-father, Bola Tinubu, converted all the plots of land where Lagos Polytechnic was located at Ikosi, near the old toll gate. He chased away the Polytechnic in 2006 and went ahead to allocate the choice plots to himself. The headquarters of Television Continental (TVC) and Radio Continental, which is owned by him, is currently located there.

He deprived the youths of Lagos of decent education because of his primitive desire to acquire every real estate that he can lay his hands on in Lagos.

As to be expected,Television Continental (TVC) and Radio Continental did not report this.

Lagos State generates an Internally Generated Revenue (IGR) of an average of N25Billion to N30Billion Monthly (At least, that is what they declare. It could be more). The company that is contracted to collect IGR is Alpha Beta Consultants (ABC). The company is owned by Bola Ahmed Tinubu. The company collects 10% commission of taxes collected in Lagos. This amounts to between N2.5Billion to N3Billion monthly. On what basis is this 10% commission when the same work can be done by the Lagos State Board of Internal Revenue?

No newspaper has ever written a report or editorial about this.

Between January and June 2009, Fashola's Chief of Staff and PAs spent N290 million in sending TEXT Messages and making phone CALLS on their lines.

Of course, no newspaper reported this.

Now, permit me to introduce Dr. Tunji Olowolafe. He is the owner of DEUX PROJECT LIMITED. He is Bola Tinubu and Babatunde Fashola’s crony. He is also their biggest proxy. Most contracts that Fashola awards to himself are done using DEUX PROJECT LIMITED. For instance, between January and August 2009, 11 out of 19 contracts in the Lagos State Ministry of health were awarded to this company. Out of N5.6Billion contract in the Ministry of Health, Olowolafe alone collected N5.1Billion worth and was paid 70 percent upfront in cash.

No newspaper or other news media reported this.

For a State that earns averagely N360Billion, annually, from taxes, isn’t it befuddling that its state-own University, LASU, cannot boast of a hostel facility? Yet, Fashola had the temerity to increase school fees from N25k to N250K.

No newspaper has ever written a report or editorial about this.

Remember the Bank of Industry (BOI) building at Lagos Island that partially collapsed in March, 2006?

On the 21st of September, 2008 the building was eventually demolished. Now guess how much Fashola spent to demolish it? A whooping N1.5Billion! Please, be reminded that this amount is just to demolish a building. Not to build one. Anyway, that isn’t the end of the story. The government of Lagos, a.k.a Fashola administration, later acquired the land (Layeni’s compound) adjacent to the demolished building in the “public interest”. He later resold it to his proxy Tunji Olowolafe.

No newspaper has ever reported this.”

This things started by elombah.com are too much for me, if you want to know more visit the site and see the full write up maybe someone can gives us a clear explanation to what is said  about this looting said to have being committed by Governor Fashola of Lagos 

source: elombah.com