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BUSINESS & ECONOMYPOLITICS & GOVERNMENT

I Met an Empty Treasury – Wike Claims

The Rivers State Governor, Chief Nyesom Wike, has said contrary to the claims of the immediate past administration that it left N7 bn in the state coffers, he met an empty treasury.

Wike explained that the treasury where the monthly federal allocation accruing to the state was always kept had remained in debit as of May 29 when he  took over the helms of affairs of the state.

The governor disclosed this on Thursday, June 18,  at the Government House in Port Harcourt during the signing of a Memorandum of Understanding between the state government and officials of Julius Berger and a Chinese Construction firm, CCECC, for the rehabilitation of 33 kilometres of township roads in the state capital.

He stated that from the brief he received from the State Accountant General after his inauguration, only one revenue account with Sterling Bank had some funds left by the immediate past administration.

“I want to say in good authority that we did not meet any N7 bn as being speculated. The state’s FAAC account as of May 29, 2015 was in debit. That was the briefing I received from the Accountant-General,” Wike said.

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