The Bayelsa State government has received N1.24billion as bailout fund from the federal government.
The Deputy Governor of the state, Gboribiogha John Jonah, made this known on Thursday, March 24, in Yenagoa at the government’s Transparency Briefing for the month of January 2016.
He said the fund will be used to clear the backlog of salaries owed by the eight local government councils.
He said the money was ready for collection before the December 2015 governorship election but added that the APC-led federal government refused to release it.
“Yes, the money (N1.24b) has been transferred to us now.
He said the money was given to Bayelsa based on the requirements of the councils, adding that it was for this reason that all councils would not receive the same amount.
