World Bank Applauds Yahaya Bello Over $4.63m Refund

TrackNews Online learnt that Bello had refunded the sum of $4.63 million surplus funds under the Nigeria Erosion and Watershed Management Project (NEWMAP).

Impressed with the development, the apex bank in a statement signed and delivered by its Regional Director, Shubham Chaudhuri, said Bello’s action proves he is a good leader.

World Bank stressed further that the money refunded has made it possible for the organisation to extend its projects to other States facing deficit funds and to extend the closing date of its projects.

The statement reads partly: “I am writing to convey my sincere appreciation for the transfer to Plateau State of the surplus project funds, amounting to USD 4.63 million, that was available in the State’s NEWMAP Designated Account.

“This action was made possible by your Excellency’s leadership, and its timeliness helped the Bank’s decision to extend the closing date of the project from June 30, 2021, to June 30, 2022.

“The returned surplus funds will ensure that other States facing a deficit of funds can complete their civil works, while Kogi state focuses on completing its approved ongoing works.

“Meanwhile, we look forward to your continued leadership in following up on the progress and completion of such works.

“We trust the project can be brought to an orderly closure in your state while achieving its intended objective and contributing to transforming lives and alleviating poverty.

“We also take this opportunity to request that you kindly also expedite the issuance of a required Letter of Comfort.”