Fiscal Accountability

The Edo State government is conducting a forensic review of a prior administration’s ₦25 billion Radisson Hotel deal, revealing a concerning financial structure where the state bears a ₦385 million monthly debt for only a 20% equity stake. This audit has uncovered a lack of clear private investor contribution, absence of competitive bidding, and potential misallocation of public funds across multiple projects. The current administration is prioritizing transparency and accountability, signaling potential legal and anti-corruption referrals following the review. This actionContinue Reading