I left N10bn for my successor —Amaechi

Related stories

Massive Shake up in NNPC

Mele Kyari’s Associates, Others Are fired By Abiola Olawale Reports...

Professor Abimbola Adelakun: A Journey Through Time, By Toyin Falola

Professor Abimbola Adelakun left Ibadan, the city of Brown...

Shake-up: Tinubu Redeploys Permanent Secretaries In Solid Minerals, Information, Other Ministries

By Kolawole Ojebisi In a major shake-up, President Bola Tinubu...

It’s A “Waste Of Resources”, FG Says No More Foreign Scholarship

By Kolawole Ojebisi The Federal Government has scrapped the Bilateral...

I Regret Running On Same Ticket With Atiku In 2023 –Okowa

By Kolawole Ojebisi Former Governor Of Delta State, Ifeanyi Okowa,...

PORT HARCOURT—Former Rivers State Governor, Chibuike Amaechi has said he left a balance of between eight to ten billion naira for his successor, Governor Nyesom Wike.

Wike and Amaechi

In a statement from his from his media office yesterday, the former governor denied that he handed over an empty treasury to his successor.

The statement by the former Governor’s media office, yesterday, revealed that a total of N7.5 billion cash was left behind as balances in the State Internally Generated Revenue, IGR, account with Skye Bank, FAAC account with Zenith Bank, balances with Access Bank and funds in the State reserve fund account in First Bank.

“This is besides other balances in the state Government House account with Zenith Bank and other government MDA accounts, like the Bureau for Public Procurement, BPP. By the time you pull all these together, we are looking at readily available cash in the region of eight to ten billion naira left for the Wike administration.”

“It’s also pertinent to point out here that former governor Amaechi also left economic assets worth tens of billions of naira for the state. Just like cash, the assets store value. These assets that are scattered in diverse sectors of the economy were developed or built or procured with revenue that accrued to the state during Amaechi’s tenure. The assets belong to Rivers State, not Amaechi. Some of these assets are presently yielding revenue to the state coffers, and many can be easily and readily converted to cash, if the State so desires.

“It is therefore disingenuous and fraudulent for Wike to claim that Amaechi left an empty treasury in his bid to justify the N30 billion loans he collected under 30 days in office. Rather than this puerile and silly distraction of always pointing accusing fingers at Amaechi, Wike should come out to explain to Rivers people what he took the loans for, account for and justify every kobo that has been spent from the loans”, the statement concluded.

But media aide to governor Nyesom Wike, Mr Opunabo Nko-Tariah, described the claim by the former governor as another tissue of lies, stressing that if he left what he claimed how come civil servants, pensioners , footballers, contractors were owed by his government.

He said even students on the state scholarship program overseas were almost sent out of the classroom over unpaid fees, adding that the issue was not all about empty treasury alone as properties in Government House, Port Harcourt were allegedly looted before the handover date of May 29..

Governor Wike had consistently maintained that he met a completely empty treasury when he took over as governor.

Only on Wednesday, while trying to justify why he took a total of N30 billion bank loans from Zenith and Access banks under 30 days in office, Wike had through his spokesman, Opunabo Inko-Tariah told a radio station in Port Harcourt that he met an empty treasury when he took over government.

However, Amaechi has openly put a lie to Wike’s claim, saying he left billions of naira in cash and economic assets for Rivers State.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
Massive Shake up in NNPCProfessor Abimbola Adelakun: A Journey Through Time, By Toyin FalolaShake-up: Tinubu Redeploys Permanent Secretaries In Solid Minerals, Information, Other MinistriesIt's A "Waste Of Resources", FG Says No More Foreign ScholarshipI Regret Running On Same Ticket With Atiku In 2023 --Okowa2027: "Atiku Set to Exit PDP," Says OkowaConcerns Escalate As Warri Refinery Faces $897M NNPC Rehabilitation Crisis2027: Drama As Bala Mohammed, Bauchi Gov. Names 168 New AidesCJN Kekere-Ekun Warns Judges, NBA: "Enough of Frivolous Petitions Against Judges..."EFCC Arrests Socialite E-Money for Alleged Naira AbuseStamer, Modi, Other World Leaders Congratulate Mark Carney on Canada’s Election VictoryEFCC Arrests Sanwo-Olu’s Ally, Aisha Achimugu, at Abuja Airport Over Alleged Money LaunderingStock Market Opens Bullish With N228 Billion GainBREAKING: EFCC Arrests Billionaire Businesswoman Aisha Achimugu at airportSupreme Court Overturns N22 Trillion Judgment Against Union Bank, Ends 25-Year Legal Tussle
X whatsapp