PDP Alleges Edo Govt Doctored State’s Audited Financial Report

Share On:

*Flaunts CBN ‘report’ to puncture gov’s claims

The People’s Democratic Party (PDP) in Edo State has accused the state government of doctoring audited financial status of the state to hide its true financial status.

Displaying a monthly financial analysis of Edo State that he said was sourced from the Central Bank of Nigeria (CBN), state chairman of the party, Chief Dan Orbih, pointed out that the audit report lied on the exact amount the state spent on Internal Debts Servicing.

He said the Edo State government in the report put the annual Internal Debts Servicing for the year 2012 and 2013 at N1,386,190,950.62 and N503, 676, 517.68 respectively, but that figures obtained from the CBN showed that the sum of N520,000,000 was being deducted from the state’s account monthly since July, 2011, for incurred debt.

Orbih said in reacting to some of the allegations leveled against his government, Governor Oshiomhole was at best selective and displayed lack of understanding of the situation at hand.

“The inconsistency in the figures as regard the internal debts servicing has put a big question mark on the credibility of the audited report and the entire report can no longer be trusted. Governor Oshiomhole should have been bold enough to tell Edo people how much his government has borrowed and exactly how much they are paying to service it.

“Everyone knows that there are more illiterates in the Edo Government than anywhere starting from him. Oshiomhole could not rise to the challenge we posed to him to make public his international passport. If he is bold enough, he should have done so and allow people to see if our claim that he is the most-traveled governor is genuine.

“He travels in the name of bringing foreign investors to the state but he has not been able to bring one foreign investor in about six years of his administration. We challenge him to show us one gain of his numerous trips abroad.

Orbih, who promised that his party would write a petition to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other Related Offences Commission (ICPC), said the Accountant-General and the Auditor-General in the state have a serious case to answer.

While reacting to allegations of financial misconduct level against him, Governor Adams Oshiomhole had on Tuesday accused the leadership of Edo PDP of intellectual laziness, saying that they were not well informed on the financial situation of the state.

Share On:


Please enter your comment!
Please enter your name here