8.4 C
New York
Tuesday, May 6, 2025

Ortom arrested by EFCC

Published:

LATEST NEWS

The immediate past Governor of Benue State, Samuel Ortom is currently in custody of Economic and Financial Crimes Commission (EFCC).

Our correspondent gathered that the ex-Governor was invited by the anti-graft body for questioning over his stewardship.

Ortom, however, drove into the Makurdi zonal office of the agency, which is located at Alor Gordon street in the state capital at exactly 10:08am.

He walked straight into the building

The former governor’s media aide, Terver Akase, and Principal Special Assistant on Special Duties, Abraham Kwanhgu, were sighted with him.

He had not left the premises as of 11:25am when this report was filed.

READ ALSO  Wike visits China over water project for FCT satellite towns

Ortom handed over a debt profile of N187.7 billion to the administration of Reverend Father Hyacinth Alia.

Ortom at a brief ceremony held at the old banquet hall of Government House in Makurdi, told Alia that the handover notes in three volumes were summary of his eight years administration.

The governor explained that the total income of the state during his eight years sojourn amounted to N734.9billion as at April 2023 while the total debt incurred by the state within the period stood at N187.7billion inclusive of unpaid salary, pension arrears, loans and bonds among others.

He also intimated his successor of a debt swap/reduction arrangement between the state and the Federal Government to the tune of N97.716billion.

READ ALSO  Breaking News: Two Federal Lawmakers To Decamp To PDP

Ortom explained that with an expected inflow of N48billion, after discount, the negotiated debt swap would be reduced to N45.2billion, thereby bringing down the state’s total debt profile.

He further disclosed that his administration already secured an approval of N41billion loan and a N20billion Central Bank of Nigeria (CBN) facility, urging the Alia’s administration to press for the release of the money when sworn in. (Text courtesy of Daily Trust, but headline rejigged)

Source: News Express
Donate to Support us
- Advertisement -spot_imgspot_img

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

TOP STORIES

- Advertisement -spot_imgspot_imgspot_img

Of The Week
CARTOON

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.