Home Headlines I left N10b and not an empty treasury for Wike-Amaechi

I left N10b and not an empty treasury for Wike-Amaechi

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The last may not have been heard of the feud between the former Rivers State Governor, Chibuike Amaechi and his successor, Nyesom Wike on the actual figure in the treasury when Amaechi left government.

The former governor has denied that he handed over an empty treasury to his successor, as he said that he left between eight to ten billion naira for his successor, Nyesom Wike.

Organic Creame

The statement by the former Governor’s media office, yesterday, revealed 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, balances with Access Bank and funds in the State reserve fund account in First Bank.
“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”, the statement concluded.
In reaction to the statement, media aide to the governor, Mr Opunabo Nko-Tariah, described the claim by the former governor as another tissue of lies, stressing that if he left what he claimed how come civil servants, pensioners , footballers, contractors were owed by his government.
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.
Wike had maintained consistently that he met a completely empty treasury when he took over as governor, while trying to justify the reason he took N30 billion bank loans from Zenith and Access banks under 30 days in office.

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