I left N10bn for my successor —Amaechi

Related stories

[VIDEO] Drama as Tinubu Snubs Sanwo-Olu at Lagos-Calabar Highway Inauguration

By Abiola Olawale In a moment that has escalated speculations,...

Why I Didn’t Work For Tinubu’s Emergence As Nigeria’s President — Amaechi

By Kolawole Ojebisi Former Minister of Transportation, Rotimi Amaechi, has...

Ex-Rivers Military Administrator dies While Attending Public Event in Port Harcourt

Retired Colonel Dauda Musa Komo, a former Military Administrator...

Buhari Opens Up On Why He Couldn’t Attend Tinubu’s Mother Quranic Recitation Competition

By Kolawole Ojebisi Former President Muhammadu Buhari has declared why...

El-Rufai Drops A Bombshell: Urban Bandits ‘ve Taken Over Power In Nigeria

By Kolawole Ojebisi Former governor of Kaduna State, Nasir El-Rufai,...

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

NDN
Latest News
[VIDEO] Drama as Tinubu Snubs Sanwo-Olu at Lagos-Calabar Highway InaugurationWhy I Didn't Work For Tinubu's Emergence As Nigeria's President -- AmaechiEx-Rivers Military Administrator dies While Attending Public Event in Port HarcourtBuhari Opens Up On Why He Couldn't Attend Tinubu's Mother Quranic Recitation CompetitionEl-Rufai Drops A Bombshell: Urban Bandits 've Taken Over Power In NigeriaNNPCL Slashes Fuel Pump Cost Amid Price War With Dangote RefineryAkpabio Warns Govs Against Choosing Kneeling Loyalists As SuccessorsLegal Battle Rages As Simon Ekpa Faces Finnish Court on Terrorism ChargesVideo Unveils Claims of "Human Sacrifice"Under A'Ibom Umo Eno’s GovtBREAKING! Tragedy As 20 Kano Athletes Die In Auto Crash post-Gateway GamesLamido Sanusi: How Millions of Nigerians Grapple with Extreme Poverty, CrisisHow Tinubu's Govt Used AI To Ascertain Rural Poor -- MinisterIndian-origin Anjali Sud elected to Harvard Board amid clash with Trump, will replace Canada PM Mark CarneyEmeka Osuji: Why the Dog, not the Tail, Must Wag the TailLate-night Exams: Reps Blasts WAEC Delegation, Summons Body's Boss
X whatsapp