Ex Gov Nyako Denies Accumulating N82 Billion Debt

By Iro Dan Fulani

The ousted Governor of Adamawa State, Murtala Nyako, has described the allegation that he incurred a liability of N82 billion during his tenure as ridiculous, saying it is merely a desperate attempt by the new government to nail him at all cost.

The former governor who spoke through a statement by his director of press and publicity, Ahmad Sajoh, said even the income which accrued to the state during the period was not up to half the quoted amount.

According to him, the accusation of misappropriation of N82 billion and the planned probe by the acting governor of the state, Ahmadu Umaru Fintiri, are part of the script written to justify the illegality of his removal.



    “What role did the State House of Assembly play in accumulating such a huge debt profile? How much alarm was ever raised by the House of Assembly through oversight functions and budgetary process all these years?,” he asked.

    Nyako said the 2012 budget of the state was presented to the House of Assembly when the acting governor was Speaker and nowhere was such an alarm raised as to the absence of projects or a litany of liabilities.

    Fintiri in a state broadcast on Tuesday, promised to set up a judicial panel of inquiry into the alleged “mindless plundering” of state fund by his predecessor.

    He said more than N12 billion in the statutory revenue account was misappropriated apart from liabilities of about N70 billion in the state funds that have been diverted to non-viable projects and promised to work with all anti-graft agencies in the country to recover the alleged stolen funds.

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation


    Please enter your comment!
    Please enter your name here

    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement


    - Advertisement