The Rivers State Government has refuted claims by the last administration that it left N7 billion in the state treasury, insisting that it did not meet any money in the state coffers.
The state Governor, Nyesom Wike, made the declaration Thursday in Port Harcourt shortly after signing a memorandum of understanding (MOU) with Messrs Julius Berger Plc and CCECC Nigeria Limited on the rehabilitation of roads in the metropolis.
The governor stated that the state’s FAAC account was in debit as at May 29 when he took over the reins of governance in the state.
Wike said:
“The accountant general is here and we know that we didn’t meet any money in the treasury.
Explaining why the state government applied for N10 billion loan, Wike said his administration was poised to complete all important on-going projects.
He further disclosed that the loan would be used to complete the Law Faculty Building in the state University of Science and Technology, the renovation of the judiciary complex and the state House of Assembly buildings which are all derelict as a result of the their closure for almost two years by the last administration.
The state Governor, Nyesom Wike, made the declaration Thursday in Port Harcourt shortly after signing a memorandum of understanding (MOU) with Messrs Julius Berger Plc and CCECC Nigeria Limited on the rehabilitation of roads in the metropolis.
The governor stated that the state’s FAAC account was in debit as at May 29 when he took over the reins of governance in the state.
Wike said:
“The accountant general is here and we know that we didn’t meet any money in the treasury.
“They said they left N7 billion; may be the money will be found in the hand over notes because the accountant general told me the state FAAC account is in debit. But we have been hearing on radio that they kept N7 billion and I have not seen such an amount of money.”The governor directed that all permanent secretaries should submit their statements of accounts in order to ascertain whether any money was left unaccounted for by the last administration.
Explaining why the state government applied for N10 billion loan, Wike said his administration was poised to complete all important on-going projects.
He further disclosed that the loan would be used to complete the Law Faculty Building in the state University of Science and Technology, the renovation of the judiciary complex and the state House of Assembly buildings which are all derelict as a result of the their closure for almost two years by the last administration.

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