The Governor of Gombe State, Inuwa Yahaya said his administration has discovered N1.48 billion hidden in 860 dormant accounts.
Yahaya disclosed this at the Government House on Thursday, November 12, while declaring open a one-day workshop on Treasury Single Account, TSA, tagged: “Cash Management Strategy”.
According to the Governor, since he signed implementation of the TSA, a lot of successes had been recorded as a total of 2,292 accounts linked to the previous administration were captured in addition to the 265 hidden accounts discovered.
He said, “586 dormant accounts were closed after generating their annual account statements for proper reconciliation and documentation. This shows the enormity of the financial indiscipline and opacity inherited by our administration. You can imagine 2, 292 accounts being operated in one government and you expect proper accountability and records, we must do something to safeguard ourselves.”
“It is worthy of note that on our coming to office on May 2019, we met the State finances in a delicate situation, characterized by high debt burden, wastefulness and lack of accountability.”
“There is no doubt that the COVID-19 pandemic has led to devastating economic consequences globally. To navigate this, states must develop innovative ways of saving cost, improving efficiencies and eliminating wastage. This requires the highest level of competence and professionalism from our accounting officers,” the governor added.
“There will be no development without the requisite resources to help implement of our development agenda. That is why our administration is focused on mobilizing resources to finance the execution of projects and programs that will impact positively on the lives of our people.”
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