The Kwara State Governor, Alhaji Abdulfatah Ahmed has denied the allegation of mismanagement of N70billion rice project.
The Senior Special Assistant to the Governor, Dr. Muideen Akorede in a swift response to allegations raised by Abdulrahman Abdulrasak Campaign Organisation said there is nothing secret about the Vasolar project and nothing qualifies it as a scam.
Akorede in a statement he issued on Tuesday said, “For the benefit of the campaign organisation of Abdulrahman Abdulrazak, a memorandum of understanding, MoU, is a non-legally binding but formal agreement between two parties. That means it is not binding on either party.
“It’s public knowledge that the state government entered into a highly publicised MoU with Vasolar to establish an agribusiness venture in Kwara State. The company was to contribute funds into the project as equity while the Kwara State Government was to contribute land and other infrastructure.
“However, the company was unable to raise the equity contribution and therefore pulled out of the planned project. How does that represent a scam? How can a highly publicised agreement between the government and another party which could not be consummated because the latter had a rethink be described as a scam?”
He however urged politicians to avoid commentary that has the potential to scare away potential investors from Kwara State.
“We also refer the Abdulrahman Abdulrazak Campaign Organisation to the Corporate Affairs Commission to verify the ownership of International Aviation College, Harmony Advanced Diagnostic Centre and other government owned entities.”
