Thursday, 28 July 2016

Bauchi governor alleges his predecessor, Isa Yuguda, withdrew N1bn in one day

Bauchi state governor, Abubakar Mohammed, has accused his predecessor, Isa Yuguda, of withdrawing N1 billion in one day from one of the state's account with multiples of N10 million cheques. Speaking at a news conference in Abuja yesterday July 27th, Mohammed said this was discovered by a probe panel he constituted to look into the Financial records of Yuguda's administration.

He says the report of the panel will be submitted to him in the coming weeks.
"In one day, the sum of N1bn was taken out of one account of the government with N10m cheques. Several N10m cheques but I would not be able to put a figure on the total recovery because like I said, the work of the committee is ongoing. When I took over on May 29th 2015, the state was owing civil servants four months salaries, a state where civil servants and pensioners were owed N14.5 billion gratuity, a state where other loans comprising commercial and contractual liabilities amounted to over N100 billion"he said
He also accused Yuguda of squandering N2 billion ecological fund he received from the last administration.
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