• Latest
  • Trending
Diri Sues For Unity As Nigeria And Bayelsa Celebrate Anniversary

Bayelsa Govt Denies Allegation Of Diverting N3b Agric Loan

March 6, 2021
Ekiti Muslim Leaders Pledge 150,000 Votes for Oyebanji

Ekiti Muslim Leaders Pledge 150,000 Votes for Oyebanji

June 9, 2026
Tinubu Swears In Tegbe, Enikanolaiye as Ministers

Tinubu Swears In Tegbe, Enikanolaiye as Ministers

June 8, 2026
Tinubu Directs Service Chiefs to Move to Borno

Nigeria Will Not Surrender to Terror, Tinubu Assures Troops

June 8, 2026
Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

June 8, 2026
Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

Rivers CP Probe Alleged N180k Bail Extortion, Torture Claims

June 8, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
360 Freed as Troops Raid Boko Haram Enclave in Mandara

No Ransom Paid for 360 Rescued Abductees- Borno Govt

June 8, 2026
OGUN GRANTS INVESTORS 50% DISCOUNT ON LAND USE CHARGE

Ogun Inaugurates Safe School Committee Amid Security Fears

June 8, 2026
Four bank staff in police net for alleged money laundering,  N270m fraud

Police: Adelabu Family Aide Linked to Sister’s Kidnap

June 8, 2026
Lagos: No Solar Tax for Private Homes, Only Govt Estates

Lagos: No Solar Tax for Private Homes, Only Govt Estates

June 8, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Tuesday, June 9, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

Bayelsa Govt Denies Allegation Of Diverting N3b Agric Loan

by Present Nigeria
March 6, 2021
in News
0
Diri Sues For Unity As Nigeria And Bayelsa Celebrate Anniversary

Bayelsa State Governor, Duoye Diri

26
SHARES
52
VIEWS
FacebookTwitterWhatsappTelegram

The Bayelsa Government on Saturday denied allegations that the N3 billion Agriculture loan from the Central Bank of Nigeria (CBN) was diverted by government officials.

Mr David Alagoa, Bayelsa Commissioner for Agriculture in a radio programme in Yenagoa described the allegations as false, baseless and childish.

RelatedPosts

Ekiti Muslim Leaders Pledge 150,000 Votes for Oyebanji

Tinubu Swears In Tegbe, Enikanolaiye as Ministers

Nigeria Will Not Surrender to Terror, Tinubu Assures Troops

Dr John Idumange, a former General Manager of Bayelsa Broadcasting Corporation had alleged diversion of N3 billion agricultural loan obtained by the immediate past administration led by Chief Seriake Dickson.

Idumange, who was an aide on Research and Documentation to Dickson, who was governor from 2012 to 2020, claimed the present administration was diminishing the efforts of Dickson’s government.

He claimed that he had so far, recorded 17 cases of diversion of the N3 billion loan obtained from the Central Bank of Nigeria (CBN).

Idumange also claimed that he would report the alleged fraud to the Economic and Financial Crimes Commission (EFCC) when the count reaches 25.

Meanwhile, former governor, Dickson had in a press statement on Friday, washed his hands off the allegations, and urged his supporters to close ranks and work for the success of Diri’s administration.

Speaking on the allegations, Alagoa said that the first tranche of N1.5 billion facility which was received in March 2020 for infrastructure has been deployed to upgrade the existing cassava processing plant and set up two rice mills.

He said that the facilities where the funds were spent on were available for any interested person to visit and inspect adding that the CBN has stringent inbuilt governance mechanisms to guard against abuse.

Alagoa dismissed claims made by Idumange who called into the programme to allege that a paltry sum of N50,000 was disbursed to few farmers whilst government officials shared the rest as false and without merit.

It is either Idumange does not understand or does not want to understand or is on a mission to discredit this administration, let me state right here that we are open to criticism as we do not have a monopoly of knowledge.

“We welcome constructive criticisms as long as they are factual and true, but Idumange did not get his facts right and maybe the information at his disposal is from another state and not Bayelsa.

“I, therefore, challenge him to prove that money was shared by government officials because no such thing happened and the projects for which the funds were meant are there for inspection.

“It is also false that N50,000 was disbursed to a few beneficiaries. We have 3,500 beneficiaries who qualified even though we had planned for up to 6,000 farmers but due to financial inclusion issues.

“Many of the farmers who do not have functional bank accounts with Bank Verification Numbers (BVN) were screened out. So the 3,500 beneficiaries received N50,000 for land ploughing and preparation.

“The programme is structured in such a way that funds are remitted at various stages in the farming process, currently we are distributing inputs for rice and cassava farmers whitefish inputs would be distributed later this month.

“Our policy on Agriculture is to promote farming by resident to achieve food security, while the government assists them by mechanising the process and the tractors acquired are already in our custody ready for use,” Alagoa said.

Idumange alleged that more than one year after the first tranche of the loan was recieved, nothing has been achieved beyond land clearing but Alagoa noted that the lockdown occasioned by the COVID-19 slowed down the process.

(NAN)

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share10Tweet7SendShareShare2
Previous Post

Nig. Army Approves New Postings And Appointments

Next Post

Troops Rescue 10 Expatriates, 4 Nigerians From Sea Pirates

Related Posts

Ekiti Muslim Leaders Pledge 150,000 Votes for Oyebanji

Ekiti Muslim Leaders Pledge 150,000 Votes for Oyebanji

June 9, 2026
Tinubu Swears In Tegbe, Enikanolaiye as Ministers

Tinubu Swears In Tegbe, Enikanolaiye as Ministers

June 8, 2026
Tinubu Directs Service Chiefs to Move to Borno

Nigeria Will Not Surrender to Terror, Tinubu Assures Troops

June 8, 2026
Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

Couple Arraigned, Remanded for N1bn Fraud in Ado-Ekiti

June 8, 2026
Next Post
Nigeria Army To Build Reference Hospital In Ebonyi

Troops Rescue 10 Expatriates, 4 Nigerians From Sea Pirates

Leave a Reply Cancel reply

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

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.