Delta SUBEB denies N13.4bn unspent funds claim
AI Executive Briefing
Verified Synthesis~36s readThe Delta State Universal Basic Education Board has denied claims that it is sitting on N13.40bn in unspent funds, saying it has less than N400m remaining from its 2025 budget. “Delta State does not have N13.40bn sitting in a SUBEB account that the board is refusing to use,” he said.
Context & Background
- ✦The Executive Chairman of the board, Samuel Mariere, stated this during a telephone interview on Thursday, insisting that the reported amount was based on outdated financial information and did not reflect the board’s current account balance.
Key Figures & Named Entities
2025:The Delta State Universal Basic Education Board has denied claims that it is sitting on N13.40bn in unspent funds, saying it has less than N400m remaining from its 2025 budget.Thursday:The Executive Chairman of the board, Samuel Mariere, stated this during a telephone interview on Thursday, insisting that the reported amount was based on outdated financial information and did not reflect the board’s current account balance.2025:Mariere said about 99 per cent of the contracts under the 2025 budget had been completed and paid for, adding that the outstanding payments were mainly retention fees due to contractors six months after the completion of their projects.
Outlook & Next Steps
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Key Takeaways
Verified Extract- The Delta State Universal Basic Education Board has denied claims that it is sitting on N13.40bn in unspent funds, saying it has less than N400m remaining from its 2025 budget.
- “Delta State does not have N13.40bn sitting in a SUBEB account that the board is refusing to use,” he said.
- The Executive Chairman of the board, Samuel Mariere, stated this during a telephone interview on Thursday, insisting that the reported amount was based on outdated financial information and did not reflect the board’s current account balance.
Key Facts:2025: The Delta State Universal Basic Education Board has denied claims that it is sitting on N13.40bn in unspent funds, saying it has less than N400m remaining from its 2025 budget.Thursday: The Executive Chairman of the board, Samuel Mariere, stated this during a telephone interview on Thursday, insisting that the reported amount was based on outdated financial information and did not reflect the board’s current account balance.2025: Mariere said about 99 per cent of the contracts under the 2025 budget had been completed and paid for, adding that the outstanding payments were mainly retention fees due to contractors six months after the completion of their projects.2025: “For the 2025 budget, I don’t think we have up to N400m in our account, and what is left is what will cover retention,” he said.
Editorial Excerpt
The Delta State Universal Basic Education Board has denied claims of N13.4bn in unspent funds, stating the figure is outdated and less than N400m remains.
Frequently Asked Questions About This Story
What is the latest development regarding Delta State?
The Delta State Universal Basic Education Board has denied claims that it is sitting on N13.40bn in unspent funds, saying it has less than N400m remaining from its 2025 budget.
Who are the key organizations or public figures mentioned?
“Delta State does not have N13.40bn sitting in a SUBEB account that the board is refusing to use,” he said.
What timeline or key figures were confirmed?
The Delta State Universal Basic Education Board has denied claims that it is sitting on N13.40bn in unspent funds, saying it has less than N400m remaining from its 2025 budget.
