Benue Debt Profile, 130 Billion not 90- Transition Committee

Posted: August 12, 2015 in BENUE, Benue 2015, Breaking News, Crime, Governance, political, Politics
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Even as  the Benue state governor yesterday inaugurated two probe committees, the Benue State Government transition committee earlier today at the Benue Peoples House, handed over their report to Governor Samuel Ortom.

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Some of the shocking discoveries of the committee is the non-existence of 751 boreholes claimed to have been sunk by BERWASSA in Oju and Konshisha Local Governments.

Others included, the inflation of contracts, contractual obligations, commercial bank loans, CBN loan, state revenue bond, foreign loans, indebtedness to civil servants and pensioners, judgement debt, etc which now puts the total debt profile of the state government at N130,866,491,426.74 billion and local government debt profile was put at N10 billion.

During the Suswam regime, Benue state recieved over N7.4 billion of SURE-P funds from the federal government, but spent only ‪N1 billion‬ on payment of participants and execution of the programme. The former governor also left behind a debt of many months of unpaid SURE-P allowances to participants. Massive fraud was also discovered in BIPC, scholarship Board and BERWASA

The present figures in the report, they said, were still preliminary as the committee encountered a lot of frustration and lack of co-operation from some members of the past administration.

The committee therefore recommended immediate collection of these funds, saying there was no need for setting up anothercommittee.

The transition committee is headed by Chief Mike Iordye, with the SSG, Barr Targema Takema, Gen Lawrence Onoja amongst others as members.

Comments
  1. Raymond Asemakaha says:

    There is more to this probe! .
    Even the sitting Governor has stairs already.
    His indebtedness to commercial Banks, Nexim Bank and others. Which im sure the repayment of those facilities will be off from the state treasury. Those re verifiable information.i can’t see a true leader in Benue state as of now!

    Like

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