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Kaduna uncovers N4bn in 470 accounts

07 September 2015, 17:03

Kaduna - The Kaduna State Governor, Nasir el-Rufai said  the state had traced and uncovered N4bn stashed in 470 different accounts in 23 commercial banks, Punch reports.

The governor sad the revelation was made possible with the adoption of the Single Treasury Account, an initiation of the federal government.

He noted that the Peoples Democratic Party administration had been operating these (470) accounts in different banks over the years with various names.

Also read: El-Rufai downsizes ministries from 19 to 13

El-Rufai, who spoke through his deputy, Barnabbas Bala, stated this at the Third Town Hall Meeting, initiated by the government to interface with the people of Southern Kaduna senatorial district.

The Kaduna government, in early August this year, announced the adoption of the Single Treasury Account and directed all commercial banks with the state funds to remit such (money) to the Central Bank of Nigeria.

Read more at Punch

- News 24


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