Democracy Day in Nasarawa State turned into a day of lamentation for the state governor, Alhaji Umaru Tanko Al’Makura, who expressed frustration over payment of N17 billion Paris Club loan his government never took.

The governor said since he took over power a year ago, he has been battling with triple tragedy of having to offset a huge debt of N30 billion left by his predecessor, in addition to refunding the sum of $240 million taken years ago by a former governor of the state.

He made this known in Lafia when addressing stakeholders in the state on Democracy Day anniversary, lamenting that a huge loan of N17 billion taken by former government of the state disappeared without a trace, leaving him to pay the debt which he never incurred.

He said the sum, amounting to $113 million was assessed, received, banked and eventually disappeared with no trace under the watchful eyes of a government headed by Alhaji Akwe Doma.

The money, he said, just disappeared without any trace, adding, “There was no record of expenditure by anyone, there was no legislation backing any spending of it and there was no project sited anywhere in the state in the name of the money.

Al’Makura said, so far, his government had lost the sum of N2.3 billion to the fictitious debt, while making conscious efforts to contain excess spending in the state.

Al’Makura stated further that the allocation from the Federal Government due to the state has continued to witness consistent decline from February 2012, notwithstanding the huge debt profile hanging on the neck of the state.

According to him, his administration has been managing the finances of the state without borrowing a penny from any bank, while ensuring payment of workers’ salaries as and when due.

Comments (5)

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17 billion naira
written by BUZZ, June 02, 2012

If the money arrived from the paris club,somebody must have received it,ask the paris club,who they gave it to,then trace it from there.

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written by james o, June 02, 2012

what is wrong with this so call illitrate Governor,If you cant find or trace the money why cant you involve EFCC............stupid governor

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CEO
written by BELLO B JEGA, June 02, 2012

there is the biggest scam to tackle in the name of 100 rice mill plant. the correct amount to buy those 100 mill plant is not more than 10 billion from any country in the world. BUT THEY WANT TAKE 190 BILLION FOR THOSE 100 MILLING PLANT
PLS KINDLY INFORM THE NATIONAL ASSEMBLY TO TAKE ACTION AND PROBE THIS SCAM
THANKS

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Mr
written by shehu, June 03, 2012

How can money disappear in a modern world? Very easy to trace if you dedicate financial expert. First start with the payer then the bank involved. It cannot be a ghost that will withdraw the funds.

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written by 'frankman, June 08, 2012

dont mind this stupid man, he should have been a jester, any secondary school student can not make a dumb statement like this, just playing to the gallery, poisoning the minds of the largely illiterate indigenes. if they are truly missing what are the facts, he shoukd bring it out. it is high time somebody warns all this jingoist governors that they must not poison the mind of the populace against civilian rule, they are part of the society, someone will also take over from them.

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