Investigation

Exposed!!! Bindow Received Over N330 Billion in Four Years, Yet Borrowed To Pay Salaries

The Gazette Staff
Written by The Gazette Staff

The Adamawa state governor-elect, Ahmadu Umaru Fintiri, has revealed that his predecessor has received a whooping N332 billion in the last four years yet borrowed every month to augment salaries.

Fintiri who issued a stern warning saying his government would not hesitate to step on any toes in order to reverse the misnomer and maladministration of the past government towards revamping the fortunes of Adamawa state.

Fintiri, in reference to the report of the transition committee pointed out that there are evidences of gross financial foul play by the outgoing government as the report of the transition committee vividly shows that there was no reason for the outgoing government which received about N332 billion naira in the last four years to borrow money monthly to pay salaries.

Fintiri made the remarks, Saturday, while receiving the report of the Adamawa Transition Committee, in Yola, Adamawa state.

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Fintiri said, “I have not been under any illusion on the enormousity of the task before me.

“Concerned people of Adamawa have publicly and privately expressed concern on how government have been abused in the state and it is now clear from this report as to the extent to which that has been done.

“We will not hesitate to step on any toes in the interest of the public and in the service of the people of Adamawa state.

“I know my job is well cut out and I am equal to the task.

“We will not turn a blind eye to mismanagement of funds and abuse of power.”

The incoming governor promised that his government will study the report and that the report will serve as a guide book in redesigning the future of the state by his government.

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While presenting his report, the chairman of the Adamawa state Transition Committee, Ismaila Numan, without mincing words indicted the Bindow led government of gross financial misconduct, misappropriation of public funds and embazzlement.

Numan, in a twelve pages detailed submission accused the Bindow led government of failure and financial wrecklessness in ministries of education, health, agriculture, among other sectors.

He explained that in the course of his committee’s work, the ministry of finance had failed to furnish them with relevant documents with which the committee would have authenticate the true financial position of the state, hence the need for the incoming government to probe the outgoing government in order to uncover deeper financial scam it left behind.

Giving details into what is turning into what is fast becoming the biggest corruption scandal in the history of the state Ismaila said, “The Government had received a total income of 257,492,080,702.37 between 2015 to March 2019, it had, nonetheless, from the onset always been taking over-draft to augment salary payment.

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“Internally – Generated Revenue (IGR) were being collected but not applied judiciously in the interest of tax payers in the state.”

He explained that, “From inception, the government had also failed to create businesses for the state and even resorted to the sales of state – owned assets in corporate organizations simply to service personal interest.

“Monies and allocations which should have been used to address the provision of basic services, such as potable Water, Education, Health and Housing, were simply not available while the combined total debt that accrued over the last four years in external and domestic loans stand at whooping N115 Billion as at today, of this, N97 billion is owed by the state.”

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Breaking down the financial scandal surrounding the outgoing government he said, “This sum comprises outstanding contractor claims to the tune of N22.3 Billion; arrears of pension, gratuity and death benefits, which total N16.4 billion, and salary arrears and other staff claims, which amount to a total of N2.7 Billion.

“On their part, the state’s Local Government Councils owed N18 Billion, consisting of outstanding contract claims of N8.9 Billion; salary arrears and staff claims of N5.6 Billion; gratuity of N1.2 Billion and overdraft of N3.0 Billion (which might have been settled by now). ”

The committee explained that, “There were exceptional revenues that accrued in the last four years amounting to over N75 billion comprising a bailout fund of N9.6 Billion; FGN Bond of N11.7 billion; NNPC refund of N31.7 billion and Paris Club Refund of N21.6 billion which may not be available in this dispensation. ”

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The committee pointed out that the gross financial misconduct has affected various ministries and parastals including health, education, agriculture, among other ministries and recommend for the immediate declaration of the state of emergencies in these minitries to address the decay in the state.

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