According to a report from a prominent print media outlet, it was revealed that the State House spent a substantial sum of N244,654,350 on tyres in a single day.
An investigation using data from GovSpend, a platform that monitors expenditures at the Presidential Villa, found that during the week marking President Bola Tinubu’s first year in office, payments were made for unspecified quantities of bulletproof and Westlake tyres.

Documents indicate that on May 21, 2024, payments totaling N200,583,390, N38,070,000, and N6,000,960 were made for these items.
Specifically, Obi-Wealth Enterprises Nigeria Limited received two separate payments amounting to N200,583,390 and N38,070,000 for supplying tires for bulletproof vehicles. A check on the Corporate Affairs Commission (CAC) website revealed that this company is currently inactive.
Hommy & Fay Investments Limited, an active entity on the CAC portal, supplied an unspecified number of Westlake tires (315/80R22) for N6,000,960.
These payments were made shortly after Minister of Budget and National Planning, Atiku Bagudu, publicly apologized for the economic hardship facing Nigerians nationwide.
Despite challenges such as currency fluctuations and inflation, he reassured the public during a ministerial sectoral update that the policies of the Tinubu-led government remained on course.