I met an empty treasury, says Wike (and you will leave an empty treasury)

Posted by admin Headlines, Rivers, State News Thursday, June 18th, 2015

Rivers State Governor-elect, Chief Nyesom Wike

THE Rivers State Governor, Chief Nyesom Wike, has said that contrary to the claims by the immediate past administration that it left N7bn 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 at May 29 when he (governor) took over the reins of governance in the state.

The governor made this remark on Thursday 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.

Wike said, “I want to say on good authority that we did not meet any N7bn, as being speculated. The state’s FAAC account as at May 29 (2015) was in debit. That was the briefing I received from the Accountant-General.”

Signing the MoU with the two construction giants, Wike explained that the step was to realise his administration zero potholes programme launched on May 29, 2015.

According to the governor, while Julius Berger is to handle the rehabilitation of 11 kilometres of township roads alongside street lights and traffic lights, the CCECC will handle 20 kilometres of township roads in Port Harcourt.

He explained that the state government had resolved to work with the construction giants to rebuild road infrastructure in the state capital. He added that the revival of facilities in the state capital was beyond political consideration.

Wike noted that the funds for the ‘Operation Zero Potholes’ had been set aside, hence the signing of the MoU to ensure that the companies concluded work in 120 days.

He, however, promised to personally monitor the execution of the projects by the construction giants.

Wike explained that his administration had resolved to take the N10bn loan with specific focus on key projects to be implemented, noting that the request to the state House of Assembly was accompanied by all the projects to be executed.

-Punchwp_posts