How State House Spent N3.7bn On Vehicles, Tyres Within 10 Days — Report


The State House, under the dispensation of President Bola Ahmed Tinubu, is said to have spent over N3.7 billion on the purchase and supply of vehicles and tyres.

Daily Trust reported this, citing investigation and data gathered from govspend, a portal documenting government expenditures.

It said the information showed that the Presidential Villa made four separate payments on May 21 and 31, the week that marked Tinubu’s first year in office, to Laralek Ultimate Limited, and another payment to an unspecified beneficiary, all totaling N3,461,909,471.

The report explained that the total allocation for the State House is N40.62 billion, with only N28.12 billion of the entire amount for capital expenditure.

Further extract from the report reads: “The sum of N244,654,350 was specifically used for the purchase and supply of car tyres in just one day out of the total N3,706,563,821 spent by the State House, the data further revealed.

“The same data from the govspend portal showed that on May 21, 2024, the State House made payments for the supply of an unspecified quantity of a particular brand of bulletproof tyres, another five quantities of a different brand of bulletproof tyres, and a Westlake tyre for the sums of N200,583,390, N38,070,000 and N6,000,960, respectively.

“A breakdown of the findings revealed that two separate payments were made for the purchase and supply of tyres (no specific quantity) for bulletproof vehicles and another five armoured bulletproof tyres to Obi-Wealth Enterprises Nigeria Limited (RC-640684) for the sums of N200,583,390 and N38,070,000.

“However, a quick search on the Corporate Affairs Commission (CAC) website revealed that the company is inactive.

“Hommy & Fay Investments Limited, active on the CAC portal, handled the other part of the supply of an unspecified number of Westlake tyres (315/80R22) for N6,000,960.”

Recall that there was a backlash when President Bola Tinubu during the revent Eid-el Kabir celebration stressed the need for Nigerians to follow the path of sacrifice in order to make the nation great.

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