I left N10bn for my successor —Amaechi

Hamilton Nwosa
Writer

Ad

EU slams Musk’s X with $140m penalty, defies U.S. pressure in landmark tech-regulation showdown

By Obinna Uballa The European Union on Friday imposed a 120-million-euro ($140-million) fine on Elon Musk’s social media platform, X, for violating transparency rules under the bloc’s sweeping Digital Services Act (DSA), a decision that sets up a direct confrontation with the administration of United States President Donald Trump. The penalty, the first issued by…

Musk Sells Another $6.9 Billion In Tesla Shares

[VIDEO] ‘Things have gotten dangerously out of hand,’ 2Face cries out

https://youtube.com/shorts/vV5I8Zcj-vg By Obinna Uballa Nigerian music legend Innocent Idibia, popularly known as 2Face or 2Baba, has spoken out in a dramatic video posted on X.com late Thursday, accusing members of his own family of spreading damaging rumours, endangering his partner Natasha, and worsening the turmoil surrounding his private life. The visibly distressed singer said the…

Supreme Court dismisses Osun’s suit over withheld LG funds

By Obinna Uballa The Supreme Court on Friday struck out a suit filed by the Osun State Government seeking to compel the Federal Government to release withheld allocations for the state’s local government areas. In a 6-1 ruling, a seven-member panel of the apex court held that the case, filed by the state’s Attorney General,…

Ad

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.

Ad

X whatsapp