The State House reportedly spent a whooping N244,654,350 on the purchase and supply of tyres in a single day, according to findings by Daily Trust.
An investigation and data gathered from GovSpend, a portal documenting Presidential Villa expenditures, revealed that the State House made payments for an unspecified quantity of bulletproof tyres and Westlake tyres during the week marking President Bola Tinubu’s first year in office.
Documents showed that on May 21, 2024, payments of N200,583,390, N38,070,000, and N6,000,960 were made for these items.
The documents revealed that two separate payments were made for the purchase and supply of tyres (no specified quantity) for bulletproof vehicles and another five armoured bulletproof tyres to Obi-Wealth Enterprises Nigeria Limited (RC-640684) for the sums of N200,583,390 and N38,070,000.
The publication reported that a quick search on the Corporate Affairs Commission (CAC) website revealed that the company is inactive.
Hommy & Fay Investments Limited, active on the CAC portal, handled the other part of the supply of an unspecified number of Westlake tyres (315/80R22) for N6,000,960.
Payments for the tyres were made barely 24 hours after Minister of Budget and National Planning, Atiku Bagudu, apologised to Nigerians over the nationwide hardship.
Speaking at a ministerial sectoral update, he said the policies of the Tinubu-led government were on track despite the currency crisis and inflation which has frustrated economic growth.