The Governor of Imo State, Emeka Ihedioha, has explained why he put on hold, all financial transactions of individual or groups with the state government.
Naija News recalls that last week, the newly sworn-in Governor directed all financial Institutions, including Banks and non-bank financial institutions, to put on hold all withdrawals from any individual or groups either by cheques, transfers or in any form as it relates to transactions with the Imo State government.
The Governor explaining his action alleged that his immediate predecessor, Rochas Okorocha is yet to handover documents containing the financial stance of the state to him.
Ihedioha also lamented that he has no documents showing the financial status of the state, hence the difficulty of his administration to hit the ground running.
The governor also decried the condition of the state’s Government House, saying he can’t work from office.
He maintained that the Government House was an eyesore.
Vanguard quoted Ihedioha as saying yesterday: “We have difficulties operating from Imo Government House now. But I told Imo people that we will start work and give no excuses.
“We will give dividends of democracy irrespective of the state of facilities I inherited from the outgone administration.
“The government that ended was not prepared to handover or ready to receive us. I thank Imo people for receiving us and we shall serve the state with the fear of God.
“All financial institutions that have a relationship with Imo State Government should not honour any withdrawal instruction by cheques, transfers or in any form.
“No financial mandates, ISPOs or any form of financial instruction should be treated. All outstanding financial instructions already with banks and financial institutions should be put on hold.
“This directive covers all the accounts of ministries, departments, parastatals, local government councils, quasi-government agencies and all revenue generating organs of government.
“Banks and non-bank financial institutions are to take note and ensure compliance, as the state government will not be responsible for any disbursement, effected contrary to this directive.”