Abia Governor, Dr Alex Otti, is under fire over allegations of squandering 6-Months LG Funds and other related issues | #NwokeukwuMascot

 Opinion 

...Screaming about N1bn spent on food; wait till you hear what happened to Abia's local government allocations since 29th May, 2023 by Eric Ikwuagwu.

 File Image 
 There have been huge screaming, expression of wonderment, disappointment and echoes of confirmation that he isn't any better; since the Q3 budget performance report was made public. The matter gained traction when the so called Mr. Prudent was more wasteful in comparison to other state Governors.

If World Bank through SFTAS didn't make it compulsory for states to publish their Q3 quarterly financial report, how would anybody believe that our "change agent and messiah" would consume N1BN on food, N2.8BN for Security vote, N5.32BN servicing his office, N20M for phone calls, N167M for his fuel, N542.2M for propaganda just within 3 months (July-September) 2023.

A certain Ekeke Chinedu has tried justifying the extravagance by positing that Otti was moderate to have consumed N2.4M daily on meals& refreshments and not the figure that went viral. I ASKED; N2.4M DAILY ON FOOD, MODERATE? When Abia workers have gotten no kobo extra for subsidy removal.

The major concern is the Local government funds that aren't under the World Bank SFTAS

compulsory exposure. Thus; every kobo is shrouded in secrecy away from the knowledge of gullible Abians.

Those who are demanding to know what has happened to Abia Local Government funds are frightened because the funds are entirely in the control of one individual for the past 6 months and counting. 

It is public knowledge that about N600M was left in Local Government JAAC account with Union Bank PLC, before it was clamped down using a court order by the then government in waiting before the May 29th swearing-in

ANALYSIS

The following are the monthly statutory payments of Abia State Local Government:

1.) LG workers with health workers= N 1.8BN

2.) Primary school teachers with JSS 1-3:= N600M

3.) LG Pension= N210M

4.) Monthly Total= N2.6BN 

for 6 months = N15.6M

From available records and deducing from the 3Q FAAC report, the possible Abia Local government total monthly receipts averaged N8BN; making a 6 months total of N48BN.

If  N15.6BN, represented salaries in the last six months . It suggested that the entire local government should have about N32BN in their different accounts.

WHERE IS ABOUT N32BN OF ABIA STATE LOCAL GOVERNMENT MONEY???

..Keeping it honest.

Comments

Popular posts from this blog

Otti Adds More Names on Transition Committee List, Following Social Media Outcry on Plans To Disfranchise Ukwa-Ngwa People | #NwokeukwuMascot

VIDEO: Mixed reactions as controversial, crossdresser, James Brown s3x tape leaks.

How Abia Acting DNS and Staff of Min of Health was reportedly detained for a day, granted bail of N400k with the strict condition | #NwokeukwuMascot