The Oyo State House of Assembly has been urged to investigate alleged financial mismanagement, illegal sales of government properties, and other irregularities within the state-owned Pacesetter Transport Services (PTS).
A petition, submitted by the Association of Sacked Supervendors and Investors of Oyo State Pacesetter Transport Services, was received by the Assembly on March 21, 2025. The document, signed by the association’s chairman, Mr. Ibrahim Asiwaju, calls for an urgent probe into corruption, unfair labor practices, and non-remittance of internally generated revenue by the transport company’s management.
Allegations Against PTS Leadership
The petitioners accused PTS of dismissing vendors who played a key role in implementing the Automated Fare Collection System—an initiative introduced to improve transparency and efficiency in the state’s public transport system.
“Our members were actively involved in setting up the Automated Fare Collection System, which significantly increased revenue generation. However, after the system started yielding financial benefits, we were unjustly sacked,” the association stated.
The group further alleged that:
Some dismissed vendors were placed on an unsustainable 2.5% commission rate despite previous assurances of better earnings.
A consulting firm, O Triumph Multi Business Limited, which represented vendor interests, was suddenly removed, raising concerns about transparency.
Certain “favored” companies continued receiving payments from PTS without rendering any real services.
Revenue Diversion and Alleged Ghost Workers
A major concern raised in the petition is the alleged diversion of funds from the PTS E-ticketing system, introduced on May 6, 2024. The petitioners claim that a substantial portion of revenue generated has not been remitted to the state government.
As part of the investigation, the group is demanding that Touch and Pay Technologies Nigeria Limited, the company managing the backend operations of the E-ticketing system, provide full access to transaction records for auditing purposes.
Additionally, the petition cites the existence of ghost workers and inflated financial transactions, further pointing to alleged widespread corruption within the agency.
Demands for Investigation and Reform
The association has outlined several demands, including:
A forensic audit of PTS financial records to uncover irregularities.
Summoning Touch and Pay Technologies Nigeria Limited to provide backend transaction access.
Reinstating unjustly dismissed supervendors.
Halting and reversing all illegal sales of government assets at PTS.
Probing allegations of corruption, favoritism, and the presence of ghost workers.
Holding PTS officials accountable for financial mismanagement and abuse of power.
The group emphasized that addressing these issues is crucial to restoring public confidence in the state’s transportation sector and ensuring fairness for all stakeholders.
The Oyo State House of Assembly is yet to issue an official response to the petition. However, calls for transparency and accountability in the management of public enterprises continue to grow among concerned stakeholders in the state.
