Gov Fubara Accused of Misappropriating N144.28Bn Under A Year in Office

Gov Fubara Accused of Misappropriating N144.28Bn Under A Year in Office
Siminalayi Fubara
The main opposition party in Rivers State, All Progressives Congress (APC), has caused Governor Siminalayi Fubara of Rivers State to misappropriate a whooping sum of N144.28 billion being the federal allocations collected by the state in less than a year.

Rivers State Caretaker Chairman's or APC, Chief Tony Okocha, stated this while speaking during a visit by the party leadership to members of the State House of Assembly.

Chief Okocha stated that the data the party obtained from the Federal Accounts Allocation Committee (FAAC), showed that the Rivers State government has received N144.28 billion between June 2023 and December 2023. He stated that the amount does not include the monthly N10 billion Internally Generated Revenue (IGR).

Chief Okocha, however, warned that the party will not hesitate to punish any of its members found to be involved in the ongoing squandering of the commonwealth of the people of the state.

Okocha said, “Mr. Speaker, this might sound unpalatable and annoying. We have applied and received data on the sum received by the Rivers State government from the Federal Accounts Allocation Committee from June 2023 to December 2023.

“The Right Honourable Speaker, our findings revealed the whopping sum of ₦144,281,667,791.71 was received by the Rivers State government from the federation account under the current governor. This amount is outside the internally generated revenue of the state, which is estimated at ₦10 billion every month.

“We regret that this humongous amount has not translated into action in any way in terms of development in the state.

“What we see are heavily funded street processions with media presence in support of unnecessary political leanings. Fifth columnists and crisis-preneurs now feed fat on our commonwealth.

“We want to warn that as a party, we will not hesitate to punish any member of our party who is in cahoots with these looters of our commonwealth.”

Responding, the Speaker of the Rivers State House of Assembly, Rt. Hon. Martins Amaewhule, thanked the APC leadership for the visit, saying it will strengthen members of the House.

Amaewhule said, “Your decision to visit us here will strengthen us. The Rivers State House of Assembly is pleased with you. 27 of us are in the All Progressives Congress and we are happy to be in APC.”

Category: World-News
Tag: Gov Fubara Accused of Misappropriating N14428Bn Under A Year in Office
Written by Author (author)
Published 2/6/2024 9:36:58 PM

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