{"id":115631,"date":"2024-12-09T20:21:58","date_gmt":"2024-12-09T19:21:58","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=115631"},"modified":"2024-12-09T20:21:58","modified_gmt":"2024-12-09T19:21:58","slug":"obaseki-left-over-n1trn-internal-n282bn-external-debts-for-okpebholo-edo-govt","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/obaseki-left-over-n1trn-internal-n282bn-external-debts-for-okpebholo-edo-govt\/","title":{"rendered":"Obaseki left over N1trn internal, N282bn external debts for Okpebholo \u2013 Edo govt"},"content":{"rendered":"<div id=\"m#msg-f:1817982211832771640\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">The Edo State Accountant Accountant-General, Julius Anelu has revealed the internal debt profile of the state government as of November 11, 2024, pegging it at over N1 trillion.<\/div>\n<div id=\"m#msg-f:1817982211832771640-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div dir=\"auto\">\nThe Accountant-General who made the revelation during a meeting with members of the Edo State Assets Verification Committee also reported that the state\u2019s external debt was N282 billion.<\/p>\n<p>Anelu said the increase in the debt profile was occasioned by the depreciation of the value of the naira, saying at the time the loans were taken, the value of the naira was not as low as it is today.<\/p>\n<p>The Accountant-General told the committee that his office had written to all the banks in the state that had transactions with the state government to furnish his office with their statements of accounts to present to the committee.<\/p>\n<p>He also told the committee that through investigations, they would discover that most of the loans were channelled directly to the agencies for which they were secured.<\/p>\n<p>He promised to furnish the committee with all necessary and vital documents to make the job less cumbersome.<\/p>\n<p>On the mode and method of contract executions and payments, the Accountant-General told the committee that most of the payments were made through the commercial banks that served as sureties for the contractors and financed their projects.<\/p>\n<p>He also disclosed that the Permanent Secretary, Ministry of Budget and Economic Planning would appear before the committee to explain the budget implementation and performance since 2017.<\/p>\n<p>Anelu assured the committee of his willingness to comply with its demand by making available all relevant documents, including payment vouchers in respect of all transactions carried out by his office.<\/p><\/div>\n<div dir=\"auto\">\nAccording to him, as a civil servant, I have no reason to disobey the committee, it is my duty to let the committee know all financial transactions of the state during the period under my purview as the Accountant-General of the state.<\/p>\n<p>\u201cSome of the transactions were also done through the office of the Secretary to the State Government. However, all payments passed through my office.<\/p>\n<p>\u201cImmediately I received the committee\u2019s invitation, I informed all departments involved in financial transactions to get their documents ready for the committee.<\/p>\n<p>\u201cI assured the committee of my office support and cooperation to avail it ready with all the necessary information about the assets, liabilities and financial transactions carried out through my office as the Accounts General of the state\u201d, he said.<\/p>\n<p>He, however, advised the committee to constitute a sub-committee to cover the areas that the main committee might feel not necessary to check or look at.<\/p>\n<p>He opined that the sub-committee would also reduce the workload of the main committee as well as fast-track or increase the speed of the committee.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Edo State Accountant Accountant-General, Julius Anelu has revealed the internal debt profile of the state government as of November 11, 2024, pegging it at over N1 trillion. The Accountant-General&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":114700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-115631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Obaseki left over N1trn internal, N282bn external debts for Okpebholo \u2013 Edo govt - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/obaseki-left-over-n1trn-internal-n282bn-external-debts-for-okpebholo-edo-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Obaseki left over N1trn internal, N282bn external debts for Okpebholo \u2013 Edo govt - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Edo State Accountant Accountant-General, Julius Anelu has revealed the internal debt profile of the state government as of November 11, 2024, pegging it at over N1 trillion. 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