Twenty-four hours after his inauguration as governor of Abia State, Dr Alex Otti has directed the immediate freezing of all accounts of the Abia State Government and those of its agencies domiciled in every bank and financial institution across the State and the Federation.
The Governor, in a statement issued by his media office on Tuesday, May 30, 2023, said with this notice, all banks and other financial institutions in the country are directed to immediately cease from honouring any cheque, document, instrument or directive of any kind not expressly approved by or emanating from him.
He also directed the immediate dissolution of all boards of the Abia State Government agencies and parastatals and subsequently ordered the chief executives of these organisations to hand over to those next in line to them.
Meanwhile, Gov. Otti says, he will study the issue of N200 bill internal and external debt as well as the alleged N50 bill unpaid salaries, gratuities, and pensions and deal with it through forensic head count.
Gov. Otti disclosed this in Umuahia Tuesday evening after a closed-door meeting with Permanent Secretaries in the state.
The new governor had Monday during his speech after inauguration, said “We have a treasury that has been criminally ravaged to the extent that we have an alleged N50 billion in unpaid salaries, gratuities, and pensions.
“Our local and foreign debt overhang is reported to be in the region of N200 billion, in addition to other debts to contractors”.
Otti who said he met with the Permanent Secretaries “to familiarize with them to understand they are doing their job”, said he will study the debt problem, confirm and be sure of the problem to be able to solve it through forensic audit and conduct of headcount.
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