Tuesday, December 9, 2025
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
  • Home
  • News
  • Business
    Strengthening Banking System, Protecting Depositors, Others To Form CBN’s Priorities In 2026 – Yemi Cardoso

    Strengthening Banking System, Protecting Depositors, Others To Form CBN’s Priorities In 2026 – Yemi Cardoso

    FCCPC Shuts 5 Textile Warehouses In Kano Over Unethical Business Practices

    FCCPC Shuts 5 Textile Warehouses In Kano Over Unethical Business Practices

    Manifesting Culture: Why the Future of Marketing Belongs to Brands That Belong

    Manifesting Culture: Why the Future of Marketing Belongs to Brands That Belong

    Michelin Returns To Nigeria’s Tyre Market 18 Years After Shutting Its Local Plant

    Michelin Returns To Nigeria’s Tyre Market 18 Years After Shutting Its Local Plant

    Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors

    Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors

    I Paid ₦100m For Botched Aircraft Maintenance Facility Land In Anambra – Allen Onyema

    I Paid ₦100m For Botched Aircraft Maintenance Facility Land In Anambra – Allen Onyema

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Appeal Court Didn’t Clear Baba Ijesha, He Served His Jail Term In Full – Lagos AG

    Appeal Court Didn’t Clear Baba Ijesha, He Served His Jail Term In Full – Lagos AG

    Regina Daniels’ Medical Reports Are Genuine Despite Hospital’s Denial – Ned Nwoko

    Regina Daniels’ Medical Reports Are Genuine Despite Hospital’s Denial – Ned Nwoko

    I Married Regina When She Was 19, Not 17 – Ned Nwoko

    I Married Regina When She Was 19, Not 17 – Ned Nwoko

    Why I Was Reluctant To Flaunt the Sadness In My Marriage – Wailing Regina Daniels

    Why I Was Reluctant To Flaunt the Sadness In My Marriage – Wailing Regina Daniels

    Actress Regina Daniels, Ned Nwoko In Escalating War Of Words As Marital Crisis Deepens 

    Actress Regina Daniels, Ned Nwoko In Escalating War Of Words As Marital Crisis Deepens 

    Regina Daniels’ Brother Arraigned, Remanded After Conspiracy, Assault, Theft Charges – Police

    Regina Daniels’ Brother Arraigned, Remanded After Conspiracy, Assault, Theft Charges – Police

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Nigeria Beats Benin 11-0 As Maiden West Africa Para Games Begins In Ogun

    Nigeria Beats Benin 11-0 As Maiden West Africa Para Games Begins In Ogun

    Olympic Sprinter Sha’Carri Richardson Arrested Over Domestic Assault In Seattle

    Olympic Sprinter Sha’Carri Richardson Arrested Over Domestic Assault In Seattle

    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Tinubu Hails Super Falcons For WAFCON Victory 

    Tinubu Hails Super Falcons For WAFCON Victory 

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    Strengthening Banking System, Protecting Depositors, Others To Form CBN’s Priorities In 2026 – Yemi Cardoso

    Strengthening Banking System, Protecting Depositors, Others To Form CBN’s Priorities In 2026 – Yemi Cardoso

    FCCPC Shuts 5 Textile Warehouses In Kano Over Unethical Business Practices

    FCCPC Shuts 5 Textile Warehouses In Kano Over Unethical Business Practices

    Manifesting Culture: Why the Future of Marketing Belongs to Brands That Belong

    Manifesting Culture: Why the Future of Marketing Belongs to Brands That Belong

    Michelin Returns To Nigeria’s Tyre Market 18 Years After Shutting Its Local Plant

    Michelin Returns To Nigeria’s Tyre Market 18 Years After Shutting Its Local Plant

    Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors

    Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors

    I Paid ₦100m For Botched Aircraft Maintenance Facility Land In Anambra – Allen Onyema

    I Paid ₦100m For Botched Aircraft Maintenance Facility Land In Anambra – Allen Onyema

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Appeal Court Didn’t Clear Baba Ijesha, He Served His Jail Term In Full – Lagos AG

    Appeal Court Didn’t Clear Baba Ijesha, He Served His Jail Term In Full – Lagos AG

    Regina Daniels’ Medical Reports Are Genuine Despite Hospital’s Denial – Ned Nwoko

    Regina Daniels’ Medical Reports Are Genuine Despite Hospital’s Denial – Ned Nwoko

    I Married Regina When She Was 19, Not 17 – Ned Nwoko

    I Married Regina When She Was 19, Not 17 – Ned Nwoko

    Why I Was Reluctant To Flaunt the Sadness In My Marriage – Wailing Regina Daniels

    Why I Was Reluctant To Flaunt the Sadness In My Marriage – Wailing Regina Daniels

    Actress Regina Daniels, Ned Nwoko In Escalating War Of Words As Marital Crisis Deepens 

    Actress Regina Daniels, Ned Nwoko In Escalating War Of Words As Marital Crisis Deepens 

    Regina Daniels’ Brother Arraigned, Remanded After Conspiracy, Assault, Theft Charges – Police

    Regina Daniels’ Brother Arraigned, Remanded After Conspiracy, Assault, Theft Charges – Police

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Nigeria Beats Benin 11-0 As Maiden West Africa Para Games Begins In Ogun

    Nigeria Beats Benin 11-0 As Maiden West Africa Para Games Begins In Ogun

    Olympic Sprinter Sha’Carri Richardson Arrested Over Domestic Assault In Seattle

    Olympic Sprinter Sha’Carri Richardson Arrested Over Domestic Assault In Seattle

    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Tinubu Hails Super Falcons For WAFCON Victory 

    Tinubu Hails Super Falcons For WAFCON Victory 

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    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

Strengthening Banking System, Protecting Depositors, Others To Form CBN’s Priorities In 2026 – Yemi Cardoso

FCCPC Shuts 5 Textile Warehouses In Kano Over Unethical Business Practices

Manifesting Culture: Why the Future of Marketing Belongs to Brands That Belong

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.”

ADVERTISEMENT

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

Strengthening Banking System, Protecting Depositors, Others To Form CBN’s Priorities In 2026 – Yemi Cardoso
Business

Strengthening Banking System, Protecting Depositors, Others To Form CBN’s Priorities In 2026 – Yemi Cardoso

by The Daily Crucible
November 29, 2025
FCCPC Shuts 5 Textile Warehouses In Kano Over Unethical Business Practices
Business

FCCPC Shuts 5 Textile Warehouses In Kano Over Unethical Business Practices

by The Daily Crucible
November 6, 2025
Manifesting Culture: Why the Future of Marketing Belongs to Brands That Belong
Business

Manifesting Culture: Why the Future of Marketing Belongs to Brands That Belong

by The Daily Crucible
October 23, 2025
Michelin Returns To Nigeria’s Tyre Market 18 Years After Shutting Its Local Plant
Business

Michelin Returns To Nigeria’s Tyre Market 18 Years After Shutting Its Local Plant

by The Daily Crucible
October 14, 2025
Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors
Business

Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors

by The Daily Crucible
October 17, 2025
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 *

Recommended

Mohbad Son’s Paternity Dispute: Cyber Bullies Behind False Allegations Against Me – Elegushi

Mohbad Son’s Paternity Dispute: Cyber Bullies Behind False Allegations Against Me – Elegushi

April 13, 2024
Popular ‘Cash Madam,’ Khadijah Adebisi Edionseri Dies At 89

Popular ‘Cash Madam,’ Khadijah Adebisi Edionseri Dies At 89

January 6, 2025

Categories

  • Business
  • Column
  • Education
  • Entertainment
  • Health
  • Interview
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Property
  • Sports
  • World

Don't miss it

Political Ethnic Classifications: A Heap of Fabrications and Fallacies
Opinion

Political Ethnic Classifications: A Heap of Fabrications and Fallacies

December 9, 2025
Osun 2026: Gov’nor Adeleke Joins ACCORD Party To Pursue Re-election Ambition
News

Osun 2026: Gov’nor Adeleke Joins ACCORD Party To Pursue Re-election Ambition

December 9, 2025
NAF C – 130 Aircraft On Ferry Mission To Portugal Before Landing In Burkina Faso – NAF Spokesperson 
News

NAF C – 130 Aircraft On Ferry Mission To Portugal Before Landing In Burkina Faso – NAF Spokesperson 

December 9, 2025
Burkina Faso Grounds Nigeria Air Force Aircraft Carrying 11 Soldiers
News

Burkina Faso Grounds Nigeria Air Force Aircraft Carrying 11 Soldiers

December 9, 2025
US Congressman Moore Commends FG, Tinubu For Rescuing Abducted 100 Niger Catholic School Children
News

US Congressman Moore Commends FG, Tinubu For Rescuing Abducted 100 Niger Catholic School Children

December 8, 2025
Police State or State Police?
Opinion

Police State or State Police?

December 8, 2025
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.