Eventful In Partnership with FirstBankIn defense to the allegation that he drained the state’s fund to empty before handing over to the present government, Former Rivers State Governor, Chibuike Amaechi said his administration left a balance of between eight to ten billion naira.
A statement released from his media office on Thursday, revealed the denial of the former governor leaving an empty treasury to his successor governor Nyesom Wike.
The statement enunciated that a total of N7.5 billion cash was left behind as balances in the State Internally Generated Revenue, IGR, account with Skye Bank, FAAC account with Zenith Bank, Access Bank and funds in the State reserve fund account in First Bank respectively.
“This is besides other balances in the state Government House account with Zenith Bank and other government MDA accounts, like the Bureau for Public Procurement, BPP. By the time you pull all these together, we are looking at readily available cash in the region of eight to ten billion naira left for the Wike administration.”
“It’s also pertinent to point out here that former governor Amaechi also left economic assets worth tens of billions of naira for the state. Just like cash, the assets store value. These assets that are scattered in diverse sectors of the economy were developed or built or procured with revenue that accrued to the state during Amaechi’s tenure. The assets belong to Rivers State, not Amaechi. Some of these assets are presently yielding revenue to the state coffers, and many can be easily and readily converted to cash, if the State so desires.
“It is therefore disingenuous and fraudulent for Wike to claim that Amaechi left an empty treasury in his bid to justify the N30 billion loans he collected under 30 days in office. Rather than this puerile and silly distraction of always pointing accusing fingers at Amaechi, Wike should come out to explain to Rivers people what he took the loans for, account for and justify every kobo that has been spent from the loans”, has extracted from the statement.
Reacting to the denial, media aide to governor Nyesom Wike, Mr Opunabo Nko-Tariah, described the claim by the former governor as another ’tissue of lies’, saying that such amount can not be available and still the past government would be indebted to civil servants, pensioners , footballers and contractors.
He said even students on the state scholarship program overseas were almost sent out of the classroom over unpaid fees, adding that the issue was not all about empty treasury alone as properties in Government House, Port Harcourt were allegedly looted before the handover date of May 29..
Justifying the N30 billion load the incumbent governor collected from Zenith and Access banks, Opunabe told a radio station in Port Harcourt that Wike met an empty treasury when he took over government.