Nigeria: Gombe State Govt Uncovers N1.48 Billion Linked With Previous Administration

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The Governor of Gombe State Inuwa Yahaya said that his administration has uncovered N1.48 billion from 586 undisclosed accounts, while 265 hidden accounts linked to the previous administration was also uncovered.

Yahaya disclosed this in Gombe on Thursday while declaring open a one-day workshop on Treasury Single Account tagged.

The workshop was organised for chief accounting and paying officers, heads of Ministries, Departments and Agencies, as well as higher institutions.

He said since he signed implementation of the TSA, a lot of successes had been recorded as a total of 2, 292 accounts linked to the state government were captured in addition to the 265 hidden accounts discovered.

According to him, his administration had closed 586 dormant accounts after generating their annual account statements for proper reconciliation and documentation.

He added that in order to further foster efficient management of cash resources, he approved the Cash Management Strategy for the state, stressing that such would help enhance budget performance by preventing costly budget overruns.

According to him, his administration does not see budget as mere figures, but as a tool of governance where expenditure must be carefully planned and backed by revenue in order to meet budget expectations.

He said in view of the scarce resources and the need to implement projects that would improve the living standard of the people, the implementation of the TSA was being leveraged to achieve results.

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