Seyi Makinde and IUFMP Cancellation - The Real, Dark Truth By Babajide Fadoju -
  • Latest
  • Trending
  • All
Seyi Makinde and IUFMP Cancellation – The Real, Dark Truth By Babajide Fadoju

Seyi Makinde and IUFMP Cancellation – The Real, Dark Truth By Babajide Fadoju

August 11, 2021
Open Salawu Gifts N3.5m To Awardees As MSSN UI Honours 350 Students

Open Salawu Gifts N3.5m To Awardees As MSSN UI Honours 350 Students

April 19, 2026
Group Picks Fatai Owoseni As Makinde’s Ideal Successor Ahead Of 2027

Nigeria’s Insecurity Cannot Be Solved By Adopting Foreign Templates – CP Owoseni (rtd)

April 19, 2026
Oyo Lawmaker ‘Ilumoka’ Donates Solar Street Lights to 5 Communities in Oluyole

Oyo Lawmaker ‘Ilumoka’ Donates Solar Street Lights to 5 Communities in Oluyole

April 19, 2026

It Is Time To Return To A Two-party System By Taiwo Adisa, PhD

April 19, 2026
Igbo Residents Back Makinde, Slam Fayose Over Alleged Plot to Destabilise Oyo

Igbo Residents Back Makinde, Slam Fayose Over Alleged Plot to Destabilise Oyo

April 18, 2026
Excluded And Forgotten: How Oyo’s Education Reforms Are Failing Rural Children

Excluded And Forgotten: How Oyo’s Education Reforms Are Failing Rural Children

April 18, 2026
Sure Hope Counseling Clinic Emerges Best Relationship Counselling Centre in Oyo

Sure Hope Counseling Clinic Emerges Best Relationship Counselling Centre in Oyo

April 18, 2026
Choose Politics Or Traditional Role – Oba Ajibola Tells Sharafadeen Alli

Group Counters Oba Ajibola, Says Alli’s Guber Bid Reflects Democratic Reality

April 18, 2026
2027: Senator Alli Formally Joins Oyo Guber Race, Says ‘I Will Return Govt To The People’   

2027: Senator Alli Formally Joins Oyo Guber Race, Says ‘I Will Return Govt To The People’  

April 17, 2026
Our Zonal Visit Is To Unite Traders – Babaloja General, YK Abass

Our Zonal Visit Is To Unite Traders – Babaloja General, YK Abass

April 17, 2026
Choose Politics Or Traditional Role – Oba Ajibola Tells Sharafadeen Alli

Choose Politics Or Traditional Role – Oba Ajibola Tells Sharafadeen Alli

April 17, 2026
Oyo Assembly Service Commission Pledges Improved Performance, Presents Annual Report

Oyo Speaker Survives Impeachment As Makinde Intervenes, Rallies PDP Lawmakers

April 17, 2026
ADVERTISEMENT
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Sunday, April 19, 2026
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
No Result
View All Result
No Result
View All Result

Seyi Makinde and IUFMP Cancellation – The Real, Dark Truth By Babajide Fadoju

by InsideOyo
August 11, 2021
in Political News
0
Seyi Makinde and IUFMP Cancellation – The Real, Dark Truth By Babajide Fadoju

RelatedPosts

Open Salawu Gifts N3.5m To Awardees As MSSN UI Honours 350 Students

Nigeria’s Insecurity Cannot Be Solved By Adopting Foreign Templates – CP Owoseni (rtd)

Oyo Lawmaker ‘Ilumoka’ Donates Solar Street Lights to 5 Communities in Oluyole

I’d start from here;

The Ibadan Flood Management Project (IUFMP) has 3 objectives:

A. Flood risk Identification, Preparedness and Prevention

B. Flood Risk Reduction

C. Project Administration


The past Ajimobi Government secured a $200m World Bank Credit after the devastating August 26, 2011 flooding that led to massive loss of lives and property.

The World Bank lays down very stringent conditions for administering the Project funds. Ajimobi Government had successfully delivered 25% before its exit.

The Seyi Makinde Goverment was to oversee the 2nd Tranche of Projects, according to World Bank guidelines to ensure:

A. Evaluation of projects by a reputable Project Evaluation Committee
B. Get the best Contractor with proven Capacity to carry out the critical Projects

What did the Seyi Makinde Government do wrong?

A. After the Project Evaluation

Committee, including the foremost Engineering body in Nigeria had carried out a transparent evaluation and recommended the best Contracors at best Cost, the Seyi Makinde Government manipulated the recommendations before submitting to the World Bank and:

I. Changed the Names of recommended Contractors

II. They inflated the transparently recommended Project Cost by over several billions

This is in relation to

Lots 3A, 3B, 4A and 4B of the IUFMP/ICB/1/2020

The projects manipulated are 3A, 3B and 4B…


4. The foremost Engineering body that was part of the Project Evaluation Committee was the first to raise alarm to the World Bank. They begged that their name not be used to perfect a monumental fraud as the Seyi Makinde

Government had fraudulently changed the recommendations of the Project Evaluation Committee and passed it to the World Bank as that signed off by the Committee.

The World Bank investigated the fraud and advised the Government that Contractors and Project costs could not be manipulated outside of transparent and open Project Evaluation Committee recommendations, but the Seyi Makinde Government was adamant that it had to be their Contractors and at their inflated cost.

The recent PR by Seyi is playing to gallery and just covering their fraudulent act. It is much more than a case of undue interference by the OYSG


This is not about politics

What they have done is to jeopardise the lives and security of people in Oyo state. If you have been warned of flashfloods by NIMET and you have a well-oiled collaboration in place with the World Bank, throwing such away whether via action or inactions is no different from endangering the very lives of those you are meant to lead.

The World Bank doesn’t take knee-jerk decisions, they had been writing to warn them of these inferences but no attention was paid. Now the chicken has come home to roost.

Logical to note that this process isn’t

rocket science as shown by the last administration. Governor Ajimobi, his Finance Commissioner, the Project Steering Committee and the IUFMP Project Team managed the Project and got many Letters of commendation from the World Bank.

Ibadan Urban Flood Management Project (IUFMP) is a World Bank-assisted Project established and secured by the former Executive Governor of Oyo state, His Excellency, Senator Ishaq Abiola Ajimobi to respond to the issues of flooding that the state had been experiencing.

The Ibadan Urban Flood Management Project is a Legacy to Oyo State and is meant to continue irrespective of

Government in power or Political Party. This is not about Politics, but the life of the people of Oyo State.

We have all documents to support all that has been narrated above, including original and manipulated Company names and Contract figures.

However, greed, avarice, intent to engage in fraudulent practices won’t allow this current administration do the right thing.

The big question is where will this government go from here?

ADVERTISEMENT
ADVERTISEMENT

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Threads (Opens in new window) Threads
  • Email a link to a friend (Opens in new window) Email
  • Share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading...
Tags: Babajide Fadoju‏Ibadan floodIbadan Flood Management ProjectSeyi Makindeworld bank funding
Previous Post

Submit More Petitions on Corruption, OYACA Tells Oyo Residents

Next Post

Fuel Scarcity Cripples Activities In Saki

InsideOyo

InsideOyo

InsideOyo is an independent news medium for up-to-date events and happenings within and around Oyo state, Nigeria.

Related Posts

Open Salawu Gifts N3.5m To Awardees As MSSN UI Honours 350 Students

Open Salawu Gifts N3.5m To Awardees As MSSN UI Honours 350 Students

by Olayi Abide
April 19, 2026
0

The Giwa Adinni of Oyo State, Engineer Muftau Open Salawu, on Saturday urged students of the University of Ibadan to...

Group Picks Fatai Owoseni As Makinde’s Ideal Successor Ahead Of 2027

Nigeria’s Insecurity Cannot Be Solved By Adopting Foreign Templates – CP Owoseni (rtd)

by Deji Moore
April 19, 2026
0

A former Commissioner of Police in Lagos and Benue Stated, CP Fatai Owoseni, has stated that Nigeria’s worsening state of...

Oyo Lawmaker ‘Ilumoka’ Donates Solar Street Lights to 5 Communities in Oluyole

Oyo Lawmaker ‘Ilumoka’ Donates Solar Street Lights to 5 Communities in Oluyole

by Adebola Sanmi
April 19, 2026
0

Hon. Waheed Akintayo, the Oyo State House of Assembly lawmaker and Peoples Democratic Party (PDP) consensus candidate for Oluyole State...

Igbo Residents Back Makinde, Slam Fayose Over Alleged Plot to Destabilise Oyo

Igbo Residents Back Makinde, Slam Fayose Over Alleged Plot to Destabilise Oyo

by Adebola Sanmi
April 18, 2026
0

The Association of Igbo Residents in Oyo and supporters of Oyo State Governor, Seyi Makinde, on Saturday accused former Ekiti...

Next Post
Fuel Scarcity Cripples Activities In Saki

Fuel Scarcity Cripples Activities In Saki

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today

Follow Us

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
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview

Copyright © 2025 Inside Media

%d