FERMA Under Managing Director Chukwuemeka Agbasi Paid N32.35 Billion on Three New Year's Eves To Finish Budget

FERMA Under Managing Director Chukwuemeka Agbasi Paid N32.35 Billion on Three New Year’s Eves To Finish Budget

FERMA Under Managing Director Chukwuemeka Agbasi Paid N32.35 Billion on Three New Year’s Eves To Finish Budget

On December 31, 2023, the Federal Roads Maintenance Agency made 153 payments worth N22,978,977,349.66. On December 31, 2024, it made 100 payments worth N7,168,573,589.16. On December 31, 2025, it made 39 payments worth N2,198,577,551.13.

SecretsReporters inspection of the agency’s payment records puts the three days together at 292 payments totalling N32,346,128,489.95, which is 24.3 per cent of everything the agency spent across the 32 months from November 2023 to June 2026.

Engr. Chukwuemeka Agbasi was appointed Managing Director of the agency on October 13, 2023, and the agency’s sixth governing board was inaugurated on December 21, 2023, ten days before the December 31, 2023 payments. The Fiscal Responsibility Act requires public expenditure to be tied to approved budgets and genuine service delivery.

The December 2025 payments included an advance of N449,979,520.61 paid to Heriprom Engineering on December 13, 2025, and payments for medical checks, generator fuel and software contracts made on December 31 itself.

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