JUST IN: As Promised, Gov Ikpeazu Credits N450million to Abia State Polytechnic.
According to press release signed by Abia state information commissioner, the state government has redeemed its pledge of 450 million Naira to the state owned polytechnic, to aid offset her salary arrears,
Recall that the National Board for Technical Education, NBTE, withdraw the Accreditation of the only polytechnic in Aba, over owed 30-Months-salary.
The Governor while reacting to the sad development tamed it embarrassing, taking proactive measures by setting up a committee to fix the decay.
Gov Ikpeazu in a meeting with the student bodies in Abia promised to help with 450 million to Savage the unfortunate development.
The press release credited to Barr Eze Chikamnay, Abia state Commissioner for Information and Strategy - “This is to inform our Dear Citizens and Stakeholders that having complied with the directive of Government to open a Treasury Single Account, the Abia State Government has credited the 450 million Naira approved by the Governor to the Account of the Abia State Polytechnic, Aba.
“It will be recalled that opening of a TSA inflow account with a reputable Bank was the precondition for the release of the 450 million Naira which Government has approved to kick-start the process of offsetting all salary arrears owed to it's staff.
“The benefit of a Treasury Single Account is to ensure transparency and accountability in expenditure and help to minimize revenue leakages that have been a major challenge to the growth and development of the Abia State Polytechnic, Aba.
“Government is desirous and determined to entrench a new era of transparency and efficiency in the management of Abia State Polytechnic and will not relent in taking all necessary action to this effect.”