I left N11billion In Bauchi treasury, says ex-Gov Abubakar
- Ex-governor of Bauchi state, Mohammed Abubakar has debunked the allegation that his government left behind a debt of N137 billion
- Abubakar said throughout his four year tenure, his government didn’t take a single commercial loan, except intervention loans from the federal government
- He explained that the loans were used for the purposes they were meant for, adding that his government left N11.6 billion in the state government account
The immediate past governor of Bauchi state, Mohammed Abubakar has debunked the allegation that his government left behind a debt of N137 billion for the new administration.
Refuting the allegation through his media aide, Ali M. Ali, the former governor denied the statement attributed to Senator Adamu Gumba, chairman of the transition committee that his government bequeathed a debt profile of N137billion for the new government.
The statement noted that throughout the four year tenure of Abubakar, his government didn’t take a single commercial loan, except intervention loans from the federal government.
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Part of the statement read: “He also revealed that the previous government inherited N98billion from the former government of Malam Isa Yuguda in 2015. He finally concluded that the outgone government left behind N41billion debt. This is incorrect, factually so.
“Throughout the four year tenure of the former leader, the government didn’t take a single commercial loan. We however, acknowledge the receipts of various intervention loans from the federal government that totaled N34.6billion.These were concessionary loans by the federal government to states with heavy financial burden and lean purse.
“All states were beneficiaries except Lagos and Akwa Ibom states. For example the government benefitted from bailout loan of N8.6 billion; infrastructure loan- N10billion; CBN CACS loan - N8 billion and budget support facility loan N8billion. Collectively these totalled N34.6billion.”
He explained that the loans were used for the purposes they were meant for, adding that Abubakar left N11.6 billion in the state government account being refund of projects undertaken on behalf of the federal government in the state.
“Before its tenure ended on May 29th, the government of Abubakar ensured that the refund was effected despite the machinations of detractors, some of whom, are very visible now.
“At no time was the government of MA Abubakar a spendthrift or engaged in frivolities in the management of very lean resources,” the statement said.
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Meanwhile, the newly-sworn in Zamfara state governor, Hon. Dr Muhammad Bello Matawallen-Maradun has dedicated half of his monthly salary to orphans welfare in the state.
Matawallen Maradun announced this on Thursday, May 30 when he visited the state's orphanage home in Gusau, the state capital.
He said orphans are among the important personalities in the society, therefore they need to be given effective care and concern.
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