News

April 21, 2015

Ebonyi House freezes joint LG, state accounts

By Peter Okutu

ABAKALIKI—EBONYI State House of Assembly, yesterday, froze the joint accounts, JAC, for the state and local government areas operated by the present administration.

The House resolved that any bank collaborating with the state government to divert funds meant for the development of the state would be blacklisted from carrying out any transaction with the incoming administration as the affected banks would be meant to face the wrath of the Economic and Financial Crime Commission, EFCC.

It also raised alarm over the level of fraud and financial misappropriation going on in the local government system and the unchecked expenditure by the state government without any due process.

It further  stopped the state government from selling forms and allocating shops to the people of the state at  Ebonyi State International Market when the project had not been fully completed and commissioned for use.