The probe into the finances of Katsina State government in the past three years conducted by the state Peoples Democratic Party (PDP) has uncovered a sum of N460 billion allegedly earnings accruing to the state and local governments unaccounted in the past three years.
The Katsina PDP chairman, Salisu Yusuf Majigiri, who made this revelation at a press conference in Katsina yesterday, said despite the earning since the advent of governor Aminu Bello Masari led administration, the regime is yet to commission a project worth two billion naira anywhere in the state.
“We therefore wish to implore the state government to offer a convincing explanation on the funds received from the federation accounts for both the state and local governments and how these funds were spent,” Majigiri said.
According to him, the Masari administration received from May 2015 to December 2015, a total of N65.57 billion for the two tiers of government while it got N81.16 billion in 2016, N101.80 billion in 2017 and N40.25 billion from January to May, 2018.
He further revealed: “They collected a Paris refund of N28 billion and FG releases of N30 billion giving a total of N58 billion. We are also aware of the loans from Islamic Development Bank (IDB) and various local commercial banks amounting to about N100 billion.
“During the period under review, funds from the federation account pertaining to local government are jointly spent by the state government therefore total receipts of funds during this period amount N448 billion.
“It would also be recalled that the immediate past administration of Ibrahim Shema left N14.5 billion in the accounts after leaving office. The overall monies accruing over this period under review account to about N460 billion.”
On the recently constituted caretakers committees for local governments in the state, he declared: “The state government in its bid to challenge the independence of the judiciary went ahead to constitute illegal care taker committees. We have instituted legal action against this impunity.”
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: [email protected]
COVER STORIES23 hours ago
PDP Takes Over NASS As Dogara Finally Dumps APC
NEWS23 hours ago
FG Abolishes Fining Of Nigerians With Dual Citizenship
OPINION12 hours ago
Osun 2018 Governorship Election: Foretelling The Outcome
BUSINESS7 hours ago
JUST IN: CBN, NDIC Revokes Skye Bank’s Licence, Changes Name To Polaris Bank
NEWS6 hours ago
Why PDP Lost In 2015 – Kwankwaso
FEATURES21 hours ago
No Gang-up Can Remove Saraki As Senate President – Hon Ashiru
NEWS16 hours ago
Saraki, A Very “Dangerous” Person — Presidency
NEWS23 hours ago
Attacks On Ortom Unnecessary, Unfortunate – PDP