Sunday, September 13, 2026
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
Advertisement
  • Home
  • News
  • Business
    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Keffe D Convicted of First-Degree Murder 28 Years After Tupac Shakur Killing

    Keffe D Convicted of First-Degree Murder 28 Years After Tupac Shakur Killing

    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Keffe D Convicted of First-Degree Murder 28 Years After Tupac Shakur Killing

    Keffe D Convicted of First-Degree Murder 28 Years After Tupac Shakur Killing

    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
No Result
View All Result
Home Business

We Inherited 600 Bank Accounts, N359Bn Debt From Ortom – Benue Govt Insists 

... It's False, Ex - Governor Declares

The Daily Crucible by The Daily Crucible
October 20, 2023
in Business
0
We Inherited 600 Bank Accounts, N359Bn Debt From Ortom – Benue Govt Insists 

 

The Benue state government has alleged that Governor Hyacinth Alia inherited over 600 bank accounts operated by the immediate past administration of Governor Samuel Ortom.

You might also like

Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

The state commissioner for Finance and Budget Planning, Michael Oglegba, disclosed this on Thursday, October 19, saying  Governor Alia had justifiable cause to freeze all government accounts immediately after taking over from his predecessor

Oglegba spoke when the state Correspondents’ Chapel members paid him a courtesy call in Makurdi, the state capital, stressing that the Governor needed to understand what was on ground.

According to him, the new administration was shown only 25 government accounts operated by the State Government whereas the information at the Nigerian Inter Bank System however showed that the State had over 600 accounts.

He said: “When we came in, we asked for the accounts and bank statements and we were presented with about 25 bank accounts. A causal look at the Nigerian Inter Bank System showed that Benue Government has more than 600 accounts.

“So the governor needed to freeze those accounts to know exactly what was happening.”

Oglegba also said that the State wage bill has drastically reduced following the ongoing audits adding that the process was still ongoing and new figures would be announced when completed.

The Finance Commissioner also gave insight into the State debts profile, revealing that the state government was owning over N359bn including that of the Local Government Areas.

He explained that the state government was owning in excess N200bn while the remaining over N150bn were LGAs debts.

He added: “The debts own by the State itself was in excess of N200bn. This includes local and foreign debts. However, the LGAs also have their own debts, unpaid salaries, pensions, gratuities and local contractors that made up the other N150bn.

“So the Alia administration has no reason to lie about the State debts. We will be doing ourselves a great disservice if we say we own monies that we do not own. When we need loans for example who will give us?.”

The commissioner further disclosed that the handing over notes from the immediate past administration indicated that there were 19,000 pupils and 16,000 teacher but physically they do not exist.

He said that by this figures it was clear that it was one pupil to one teacher.

Oglegba said the Alia administration has done so much within its five months in office without any borrowing.

He said there were ongoing construction of 16 township roads within the State Capital, lightening of Streets, rehabilitation and remodeling of State Assembly Complex, renovation of State Secretariat among others.

He said the State Government has also paid five months salaries in the last four months.

He said all contractors handling government projects in the State were also paid without collecting any loan.

He also urged the correspondents members to always be objective and balance all reports adding that the government needed them to succeed.

In his remarks earlier, Chairman of Correspondents’ Chapel, Mr Emmanuel Antswen said they came to partner with the commissioner to strengthen their working relationship.

Antswen assured that the chapel members would continue to support and promote Government policies as they always do.

However, ex – governor Samuel Ortom has dismissed the claims by the state government as false.

“The present government of Benue is selling a narrative to unsuspecting people of the state that they inherited N359 billion as debt from the previous government led by Chief Ortom.

“This narrative is not only false but is also a deliberate stratagem to snooker the people.

“Curiously, this same government told the people via a statement by Governor Alia’s Chief Press Secretary in June this year that Governor Ortom handed N187.56 billion to them as debt, which was the same amount the former Governor mentioned while presenting handover notes to his successor.

“The inflows Benue State was expecting at the time Governor Ortom was leaving office were: (a) Backlog of accumulated Stamp Duties – N48billion, (b) Refund from Debt Swap with Federal Government – N22.95 billion. Total = N70.95 billion.

“When the negotiated debt swap and the expected inflows are discounted, the State was set to attain a significant debt reduction, bringing down its debt profile to N45.2 billion.

“It should also be noted that owing to the efforts of the Ortom administration, Benue State by May 29, 2023, had outstanding approvals awaiting disbursement from the Federal Government including the balance of Bailout – N41 billion and a N20 billion Central Bank of Nigeria facility.

“At the same time, the Benue State government was expecting N9 billion as refund on withdrawals for subsidy and SURE-P. The Alia administration is yet to tell the people if it has already received the N9 billion SURE-P funds,” he stated.

 

 

Previous Post

Tinubu Withdraws Nomination Of Imam Imam As FERMA Chairman 

Next Post

Indigenes Reject Otti’s Appointment Of Anambra Industrialist, Udeagbala As Mayor Of Aba

The Daily Crucible

The Daily Crucible

The Daily Crucible Newspaper is an authoritative independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, progress and greatness, given the heterogeneity of her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the public with robust information they need to make informed decision on issues and matters that affect them, promote human - capital development, freedom and free market enterprise. Our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer
Business

Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

by The Daily Crucible
July 28, 2026
Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership
Business

Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

by The Daily Crucible
July 2, 2026
CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches
Business

CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

by The Daily Crucible
July 1, 2026
Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth
Business

Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

by The Daily Crucible
June 28, 2026
Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut
Business

Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

by The Daily Crucible
June 13, 2026
Next Post
Indigenes Reject Otti’s Appointment Of Anambra Industrialist, Udeagbala As Mayor Of Aba

Indigenes Reject Otti's Appointment Of Anambra Industrialist, Udeagbala As Mayor Of Aba

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Advertisement

Advertisement

Recent News

Troops Arrest Suspected Kidnapper, Recover AK-47 on Benin–Sapele Road

Troops Arrest Suspected Kidnapper, Recover AK-47 on Benin–Sapele Road

September 12, 2026
Tinubu Mourns Elder Statesman Bamanga Tukur 

Tinubu Mourns Elder Statesman Bamanga Tukur 

September 12, 2026
David Mark Mourns as Bamanga Tukur Dies at 90, Says ‘Death a huge loss to Nigeria’

David Mark Mourns as Bamanga Tukur Dies at 90, Says ‘Death a huge loss to Nigeria’

September 12, 2026
FMC Abeokuta Doctors Begin 5-Day Warning Strike Over Increasing Assault, Security Crisis

FMC Abeokuta Doctors Begin 5-Day Warning Strike Over Increasing Assault, Security Crisis

September 12, 2026
October 7 Hamas Attack: Haaretz Rejects Netanyahu’s Demands, Vows to Defend Warning Report in Court

October 7 Hamas Attack: Haaretz Rejects Netanyahu’s Demands, Vows to Defend Warning Report in Court

September 12, 2026
Ogun NUJ Federated Chapel Re-elects Babalola Gafar as Secretary

Ogun NUJ Federated Chapel Re-elects Babalola Gafar as Secretary

September 11, 2026
Sokoto Cleric Stabbed After Juma’at Prayer, Suspect Killed as Tension Grips City

Sokoto Cleric Stabbed After Juma’at Prayer, Suspect Killed as Tension Grips City

September 11, 2026
Plateau Farmer Attacked, Loses Hand After Refusing to Help Herders Lift Fallen Cow

Plateau Farmer Attacked, Loses Hand After Refusing to Help Herders Lift Fallen Cow

September 11, 2026
Six Nigerians Risk Extradition to United States Over $6m Romance Scam Targeting Over 100 American Women

Six Nigerians Risk Extradition to United States Over $6m Romance Scam Targeting Over 100 American Women

September 11, 2026
Bandits Kill 12 In Benue, Including 4 Mobile Policemen

Bandits Kill 12 In Benue, Including 4 Mobile Policemen

September 11, 2026
The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress, and greatness, given the heterogeneity of its citizens.

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.

No Result
View All Result
  • Home
  • News
  • Politics
  • Property
  • Business
  • Education
  • Health
  • Entertainment
  • About Us

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.