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Reading: How Shema Sold A N78m Car to Himself For N3m – Masari
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How Shema Sold A N78m Car to Himself For N3m – Masari

By
Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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April 23, 2016 - 9:38 am
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Masari

Katsina State Governor, Aminu Masari, on Friday disclosed how his predecessor, Ibrahim Shema, sold to himself state vehicles worth N400 million at the tail end of his administration.

“Can you imagine a car of N78 million bought in 2014 was sold for just N3 million, another N10 million vehicle for N990,000. This is disturbing,” he told newsmen.

The governor said all the sold off vehicles were less than two years old but were sold at a ninety percent depreciation values.

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Masari added that Shema and his cronies personalised several government houses and property in Kaduna and Abuja

“We have so many of them; we are just taking our time and we shall soon make them public.

“Several elders and elites of the state had tried to mediate between us but to no avail as the present government insists that all funds missing should be refunded while the former government is maintaining its position that it did nothing wrong,” he added.

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