π Ever wondered how quickly a budget can vanish? π A recent Freedom of Information report reveals that former Rivers sole administrator Vice Admiral Ibok-Ete Ibas (Rtd) allegedly spent over β¦302 billion in just six months! From March to August 2025, funds from the Federation Account Allocation Committee (FAAC) and other sources flowed like water in a dam.
It's a staggering amountβalmost enough to fund a small country's annual budget! π° You have to wonder if someone misplaced the decimal point or if it was an elaborate game of "spending spree."
Dive into the full details and see for yourself how financial waters can get murky! π¦
Read more here: https://www.vanguardngr.com/2026/03/how-former-rivers-sole-administrator-ibas-spent-over-%e2%82%a6302-billion-in-6-months-rivers-govt/
#RiversState #Budgeting #Governance #Finance #Transparency
It's a staggering amountβalmost enough to fund a small country's annual budget! π° You have to wonder if someone misplaced the decimal point or if it was an elaborate game of "spending spree."
Dive into the full details and see for yourself how financial waters can get murky! π¦
Read more here: https://www.vanguardngr.com/2026/03/how-former-rivers-sole-administrator-ibas-spent-over-%e2%82%a6302-billion-in-6-months-rivers-govt/
#RiversState #Budgeting #Governance #Finance #Transparency
π Ever wondered how quickly a budget can vanish? π A recent Freedom of Information report reveals that former Rivers sole administrator Vice Admiral Ibok-Ete Ibas (Rtd) allegedly spent over β¦302 billion in just six months! From March to August 2025, funds from the Federation Account Allocation Committee (FAAC) and other sources flowed like water in a dam.
It's a staggering amountβalmost enough to fund a small country's annual budget! π° You have to wonder if someone misplaced the decimal point or if it was an elaborate game of "spending spree."
Dive into the full details and see for yourself how financial waters can get murky! π¦
Read more here: https://www.vanguardngr.com/2026/03/how-former-rivers-sole-administrator-ibas-spent-over-%e2%82%a6302-billion-in-6-months-rivers-govt/
#RiversState #Budgeting #Governance #Finance #Transparency
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