Home Politics Transition Report: Committee looks into Edo loans of N410 billion

Transition Report: Committee looks into Edo loans of N410 billion

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Transition Report: Committee looks into Edo loans of N410 billion
Transition Report: Committee looks into Edo loans of N410 billion

Transition Report: Committee looks into Edo loans of N410 billion

The All Progressives Congress (APC) in Edo’s Transition Committee has suggested looking into the state’s estimated N410 billion in local and foreign debts.

The committee’s suggestion was made Monday in its report, which was given to Sen. Monday Okpebholo, the state’s fifth democratically elected governor-elect, before his inauguration on Tuesday.
“Those of you who possess the ability to verify information will discover that the amount of debt in today’s society is significantly higher. He stated, “It is more than N500 billion.”
The committee also suggested a review of Memoranda of Understanding (MoU) on the management of Central and Stella Obasanjo hospitals, according to Odubu, a former deputy governor of the state.

“All recent employment should be terminated, and the governor should look into who really owns the Raddisson Blu Hotel and the Ossiomo power plant.

The Museum of West Africa Arts, or MOWAA, is no different. Since the departing administration was silent on these questions, we are entitled to know the state’s ownership stake in these businesses.We also called for a thorough examination of the EdoBest initiative, which is supported by the World Bank, and the implementation of an investigation to reveal its sometimes murky workings.

“Every major contract that the state government has issued under the Ministry of Roads and Bridges ought to be examined because it seems that due process was not followed, including the payment advance given to the contractors.”In its own assessment, the procurement agency accused the government to the Transition Committee, thus we’ve suggested that the next governor do a critical evaluation,” he stated.

The state’s information and communication technology (ICT) ecosystem has to be streamlined, according to the committee chairman, who also claimed that there seemed to be a duplication of effort.
The committee is recommending that the government launch an investigation into the previous government’s failure to deliver audited financial statements, whether they were publicized or not.

“We demand a proper teacher headcount because the government was unable to account for the number of teachers in the state,” Odubu stated.

According to the committee chairman, the study, which consists of 800 annexures and a 24-page report, was the result of three weeks of intense work, meetings, exchanges, engagements, and assessments of the materials that were submitted to the committee.

“We are pleased to submit to Your Excellency our report, which is based on our findings following a thorough review and evaluation of the official documents that the departing government transition team sent.

It may be of interest to you, Your Excellency, because the report that is being presented to you this afternoon was created with input from all of us during the many team meetings that we held.

“We spent time looking at additional information that was made available to the committee through our interactions with pertinent stakeholders in the state, in addition to closely examining the five thematic pillars as outlined by the government’s transition team.

In response, the governor-elect said the document would benefit the future government and praised the committee members for their meticulous work.

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