Close Menu
    What's Hot

    Sterling Swings versus Dollar, Euro Ahead of UK Budget

    November 22, 2025

    U.S. State Budgets Tested by Slower Revenue Growth, Federal Policy Shifts

    November 22, 2025

    Equities Investors Lost N2.09trn in Nigerian Stock Market

    November 22, 2025
    Facebook X (Twitter) Instagram
    • Home
    • About us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, November 23
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - Gov Diri Orders Probe into Alleged Diversion of N8bn agric Loan
    News

    Gov Diri Orders Probe into Alleged Diversion of N8bn agric Loan

    Marketforces AfricaBy Marketforces AfricaOctober 23, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Gov Diri Orders Probe into Alleged Diversion of N8bn agric Loan
    Share
    Facebook Twitter Pinterest Email Copy Link

    Gov Diri Orders Probe into Alleged Diversion of N8bn agric Loan

    Gov Douye Diri of Bayelsa says the alleged diversion of N8 billion agriculture loan by members of his cabinet would not be tolerated by his administration.

    Diri said this on Wednesday after the state Executive Council meeting in Yenagoa.

    The governor directed the Commissioner for Agriculture, Prof Beke Sese to provide an update on the loan disbursed in 2022.

    He noted that his administration, which sought to use agriculture to drive his policy of food security could not afford to pay lip service to the sector.

    “I do not want the impression that we collected money and shared among ourselves.

    “We did not collect any money. The money is a loan for agriculture and not for any other purpose and we want to set examples from members of our cabinet.

    “The Commissioner for Agriculture is directed to go into the matter and provide a response on past and present members of this cabinet,” Diri said.

    However, when contacted for comments on the development by the News Agency of Nigeria (NAN) Beke , Sese said there was no cause for alarm on the loan.

    Sese was appointed Commissioner for Agriculture in Diri’s second term.

    On the situation report, the commissioner said , “There’s no situation report about the Agric loan. Everything is fine and going according to stipulated plans.

    “I am just getting my team adequately prepared to deploy the 3rd tranche for the forthcoming dry season farming and beyond. That will effectively commence immediately after the threat of flood is behind us.”

    It would be recalled that in 2020, Dr John Idumange, a former General Manager of Bayelsa Broadcasting Corporation had alleged that N3 billion of the agricultural loan had been allegedly diverted.

    Idumange, who was arrested and prosecuted for raising the alarm, claimed the loan was disbursed among government officials, who had no business in the agric sector.

    He claimed that he had 17 proofs of the N3 billion diversion, but the trial was later discontinued and the case was subsequently struck out. #Gov Diri Orders Probe into Alleged Diversion of N8bn agric Loan

    Global Cyber Attacks Hit 600 Million Daily –Microsoft

    Bayelsa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Related Posts

    News

    Sterling Swings versus Dollar, Euro Ahead of UK Budget

    November 22, 2025
    News

    U.S. State Budgets Tested by Slower Revenue Growth, Federal Policy Shifts

    November 22, 2025
    News

    Equities Investors Lost N2.09trn in Nigerian Stock Market

    November 22, 2025
    News

    Fidelity Bank Posts N212 Billion as Profit in Q3

    November 22, 2025
    News

    NUPRC Chief Woos Investors with Transparent Oil Licensing Round

    November 22, 2025
    News

    Alleged $14.8m Fraud: Senate Summons NCDMB Executive Secretary

    November 22, 2025
    Add A Comment

    Comments are closed.

    Editors Picks

    Sterling Swings versus Dollar, Euro Ahead of UK Budget

    November 22, 2025

    U.S. State Budgets Tested by Slower Revenue Growth, Federal Policy Shifts

    November 22, 2025

    Equities Investors Lost N2.09trn in Nigerian Stock Market

    November 22, 2025

    Fidelity Bank Posts N212 Billion as Profit in Q3

    November 22, 2025
    Latest Posts

    Sterling Swings versus Dollar, Euro Ahead of UK Budget

    November 22, 2025

    U.S. State Budgets Tested by Slower Revenue Growth, Federal Policy Shifts

    November 22, 2025

    Equities Investors Lost N2.09trn in Nigerian Stock Market

    November 22, 2025

    Fidelity Bank Posts N212 Billion as Profit in Q3

    November 22, 2025

    NUPRC Chief Woos Investors with Transparent Oil Licensing Round

    November 22, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Sterling Swings versus Dollar, Euro Ahead of UK Budget

    November 22, 2025

    U.S. State Budgets Tested by Slower Revenue Growth, Federal Policy Shifts

    November 22, 2025

    Equities Investors Lost N2.09trn in Nigerian Stock Market

    November 22, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.