Ebonyi State Government Demands 11-year Financial Statements From Banks

The Ebonyi State Government on Monday directed banks that have financial dealings with it to immediately submit their accounts statements from 2007 to September, 2018.

Mrs Queen Agwu, the state Accountant-General made the call in Abakaliki during a joint state Executive Council briefing. The Accountant General noted that it should cover functional, dormant and closed accounts of the government. Agwu further remarked that the statements should cover accounts of Ministries, Departments and Agencies (MDA) and Local Government Areas.


“The fact that we did not start from 1999 does not mean that we are indicting the past administration but we are searching for our trapped funds to be used for developmental purposes. We are starting from 2007 because it was the year the Federal Government through the Central Bank of Nigeria (CBN) directed banks to stop charging Commission on Turnover (COT) on corporate organisations of which the government is among. Several banks complied with the directive but some did not and in our case, some banks claimed that they had agreement with my predecessor to continue making the charges.


The Accountant General further noted that the government, therefore, directs the banks to make the statements cover its correspondences, agreements and transactions for the given period. We are optimistic that the affected banks would comply with this directive and further make necessary repayments because the governor has said that Ebonyi should no longer be treated as it used to in the past.


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