Varsola Project Not a Scam- Kwara Govt

Kwara State Government has debunked the allegations that the state mismangaged the N70bn Rice Project.

The Senior Special Assistant to the state 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.

According to Akorede, For the benefit of the Abdulrahman Abdulrazak campaign organization, 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.

The statement reads:

”It’s public knowledge that the state government entered into a highly publicized 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 publicized agreement between the government and another party which could not be consumated because the latter had a rethink be described as a scam?

”We urge politicians to avoid commentary that has the potential to scare away potential investors from Kwara State.

”We also refer the Abdulrahman Abdulrazak campaign organization to the corporate affairs commission to verify the ownership on International Aviation College, Harmony Advanced Diagnostic Centre and other government owned entities.”

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