Edo begins probe of 10bn debt incurred by last local government administration _Obaseki

By DADA AYOKHAI

Edo State Governor, Godwin Obaseki,  disclosed that his administration has commenced investigation of an alleged N10bn debt burden incurred by the immediate past local government administration in the state.

 He said his administration was committed to fixing the structural problems in the local government system to bring development closer to the people.
 
Obaseki said this during a meeting with leaders of Edo Central Senatorial District at Irrua, headquarters of Esan Central Council of the state.
 
“I am doing an audit of all the local governments. In addition to all the receipts, they incurred debt of over N10 billion and so, I want to find out what happened.


 
“We are operating a system that is not working anymore and we all must agree to change it, because we are all involved. We can only deliver quality services to our people only if we agree moving forward.
 
“We must clean up the local government system, knowing that elections will soon take us back to the people, who will ask us about our electoral promises. The clean up is necessary to enable us to deliver services to our people,” he said.
 
Obseki, who hinted at backing local government autonomy, noted: “I have realised that there are structural problems in the local government. We don’t take money or touch the local government’s money. We are transparent and open, as we don’t interfere in local governments’ finances. 
 
The governor further charged local governments not to rely on monthly federal allocation but to be innovative and come up with better means of improving their revenue.
 

Comments

Post a Comment

Popular posts from this blog

Unuigboje drums support for Shaibu

Image
By Dada Ayokhai  A politician and technocrat from Owan West Local Government of Edo State,  Barr. Frank Dix Unuigboje has urged the  Edo North indigenes to cast aside whatever differences that may exist among them and come together as one indivisible entity to support their son, Hon Shuaibu and his principal, Gov. Godwin Obaseki, as they grapple with the challenges of bettering the life/ welfare of the people of the Edo State.  BARR. Unuigboje, who is still playing a vital role in the meteoric popularity of the PDP in Owan West and by extension, Edo North, is one of the party's leading lights and great mobiliser.  He made this clarion call in a chat with journalists  in Benin city, the Edo State capital.  Barr. Unuigboje singled out Hon. Shaibu for praises on account of his untainted loyalty to his principal, stating they hold the key to unlock the greatness and potentialities of Edo State. According to Barr. Unuigboje ,who was a former Edo...
Read more

Auchi Microfinance Bank groans under high customers debt profiles

Image
By DADA AYOKHAI  The management of Auchi Microfinance Bank (AMFB), yesterday, decried the high indebtedness of customers to the bank just as it urges customers to pay up in order to remain in business. Chairman of the financial institution, Hassan Momodu, expressed his resentment at its 22nd and 23rd joint annual general meetings of the bank in Auchi, Edo  According to him "We are using this medium to appeal passionately to our shareholders and the general public that are indebted to us to pay up to reduce our yearly provisioning and improve our profitability”,  Momodu also said that the increase in the fund in the period under review represented a 29 percent improvement on the fund. He maintained that the bank’s gross earnings within the period was N143.8million as against N131.1million in the 2018 financial year. The financial boss went further to say that the 2019 financial year’s profit before tax was N52.8million as against N11.125 million in 2018 while p...
Read more

Who is Governor Obaseki 's candidate for PDP National Deputy Youth Leader 's position?

Image
By DADA AYOKHAI The Edo State chapter of the Peoples Democratic party, PDP, will soon engage in another political battle over the choice of candidate to fill the position of the National Deputy Youth Leader  microzone to the state by the party to be formalized at the National convention slated for October 30 and 31st. The Edo State PDP chairman, Dr Tony Aziegbemi according to source unanimously  conceded the choice of who occupied that position to the state governor in tune as the Leader of the party in the state. The state chairman's  action is said not to go down well with party leaders in the state who felt a meeting should be convened  to  draw necessary prerequisites  for the choice candidate. According to the group, the title  Leader of the party  bestowed on governor by the PDP arrangements,  does  not intend in any way makes  the governor a   sole administrator . Again, the  party leaders said the...
Read more