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Taraba State aims to recover looted funds

08 December 2014, 08:02 Augustine Osayande

Abuja - The Taraba State Acting Governor, Alhaji Sani Abubakar, has vowed to recover all funds allegedly stolen from the state government.

He stated this during a broadcast.

“We will recover all monies and properties taken away illegally, we would ensure that stability and accountability return to government processes and ensure that all projects, including hospitals and schools abandoned from the time Governor Danbaba Suntai was involved in the plane accident are resuscitated forthwith.”

He inform people of the state that the State Government's main account with a local bank that was in good shape as of last month now stood at an overdraft of about N7,7 billion.

Also Read: Taraba appoints new commissioners into office

He said November salaries were yet to be paid while term loans stood at about N7,2 Billion.

"This brings the State's indebtedness to about N14,9 billion,” Abubakar said.

Abubakar added that the State-Local Government Joint Account was in no better position either as it was overdrawn by about N700 million monthly.

“We are already carrying a thorough review of the state of our finances and will quickly work out schemes with our bankers to ensure that civil servants paid their salaries. Prudent financial management shall be the watchword."

He promised to restore sanity to the state civil service and ensure that Local Governments, which had been left without finances, were functional again.

- CAJ News


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