Recently, the World Bank released N100m to refurbish some vehicles, but only about N50m is billed to be spent. LAMATA is taking the rest.”Beyond that, sources said that part of the money generated by the buses daily ended up in the pockets of some individuals.
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‘Genesis of the crisis’
A source said the company started operations by hiring more workers than it required. She added that many of the employees of the company got in by nepotism and not by individual merit, describing this as the “genesis of the problem.” She said, “The company employed more than the number of workers required. Some of the people that were employed didn’t even know the venue of the interview, yet they got their appointment letters.
Allegations of stealing
However, sources said that efforts by stakeholders to get the scheme back on track had failed.
One of such stakeholders is the World Bank, which has been supporting the scheme with funds. But according to a source, LAMATA has illegally been taking cuts from funds from the World Bank that are meant to improve the scheme.
The source said the fund from the World Bank was to take care of infrastructure and refurbish some buses.
The source said, “But LAMATA has been taking part of these funds even before they get to the BFS. Recently, the World Bank released N100m to refurbish some vehicles, but only about N50m is billed to be spent. LAMATA is taking the rest.”
Beyond that, sources said that part of the money generated by the buses daily ended up in the pockets of some individuals.
For instance, apart from the scheme’s scheduled operation along the Igando/Iyana-Ipaja/Ikotun/Ikeja corridor, it also undertakes charter rides.
The source added, “Every Sunday, our buses are chartered at N20,000 each by the Living Faith Church in Ota, Ogun State, and sometimes Deeper Life Church, along the Lagos-Ibadan Expressway, but only part of the money is remitted to the company account.”
The source recalled that on December 15, 2013, the company made N400,000 from its charter service to the Living Faith Church. But that only N200,000 was recorded in the company’s account as being income from the charter service.
The source continued, “I remember the one of December 15, 2013 very well because I wrote down the date. From the N400,000, the management split the money and said that N200,000 should be put in the account. That was not the only time. There were similar situations that I didn’t write down.
A source said the company started operations by hiring more workers than it required. She added that many of the employees of the company got in by nepotism and not by individual merit, describing this as the “genesis of the problem.” She said, “The company employed more than the number of workers required. Some of the people that were employed didn’t even know the venue of the interview, yet they got their appointment letters.
Allegations of stealing
However, sources said that efforts by stakeholders to get the scheme back on track had failed.
One of such stakeholders is the World Bank, which has been supporting the scheme with funds. But according to a source, LAMATA has illegally been taking cuts from funds from the World Bank that are meant to improve the scheme.
The source said the fund from the World Bank was to take care of infrastructure and refurbish some buses.
The source said, “But LAMATA has been taking part of these funds even before they get to the BFS. Recently, the World Bank released N100m to refurbish some vehicles, but only about N50m is billed to be spent. LAMATA is taking the rest.”
Beyond that, sources said that part of the money generated by the buses daily ended up in the pockets of some individuals.
For instance, apart from the scheme’s scheduled operation along the Igando/Iyana-Ipaja/Ikotun/Ikeja corridor, it also undertakes charter rides.
The source added, “Every Sunday, our buses are chartered at N20,000 each by the Living Faith Church in Ota, Ogun State, and sometimes Deeper Life Church, along the Lagos-Ibadan Expressway, but only part of the money is remitted to the company account.”
The source recalled that on December 15, 2013, the company made N400,000 from its charter service to the Living Faith Church. But that only N200,000 was recorded in the company’s account as being income from the charter service.
The source continued, “I remember the one of December 15, 2013 very well because I wrote down the date. From the N400,000, the management split the money and said that N200,000 should be put in the account. That was not the only time. There were similar situations that I didn’t write down.
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