“A-Loota Continua”, $ 113 Million Disappears From Nassarawa State’s Treasury!


The Governor of Nassarawa State, Alhaji Umar Tanko Al-Makura is still wondering how the sum of $ 113 million suddenly disappeared without trace from the treasury of the Nasarawa State Government. Not only is he bent on finding the money, the Governor is not keeping quiet about the scam and he has assured the citizens of his state that the perpetrators would be brought to book. According to him, the money which was refunded to the state in 2008 “developed wings less than six months after it was domiciled in the state.”
The Governor disclosed that the amount was the refund given to the Nasarawa State Government from loans earlier repaid to the Paris Club of creditors. He said the money was refunded when the Obasanjo administration struck a debt forgiveness agreement with the club.
Speaking on the disappearance of the money recently, the Governor said “when we were still part of Plateau State, there was the Paris Club issue. A loan was taken, but this area, which is now Nasarawa State never benefited from the loan. But being part of Plateau State when the loan was taken, our resources were used to pay back. After the debt negotiation, we exited the loan repayment. This state then benefited by virtue of the contributions it had made over the years in financing that loan. Certain refunds were made, and we benefited $113 million in 2008. The money was accessed, cashed and domiciled in Nasarawa, and everybody was happy. But less than six months later, the money developed wings, and evaporated. It sounds like fiction. But up to this point I’m talking to you, that $113 million is nowhere to be found. I’m talking to you with every sense of responsibility. It was never budgeted, never appropriated and you cannot tie any project to that amount. Even in the handing over note I got from my predecessor, there was no mention of it.
The only mention of it was that the money has been got, but there is the problem that Plateau State complained that the $113 million given to us was much more than the ratio of the contribution Nasarawa State made while the loan repayment lasted, that we were supposed to have about 86 million dollars. Plateau State complained to the Federal Ministry of Finance and Debt Management Office (DMO). And after that, Nasarawa State was subjected to deductions, which started only when I got sworn into office in May. Since May, June, July, August, and now September, Nasarawa State has been paying N240 million as repayment of the excesses we’ve been paid. We didn’t enjoy the loan, money was paid back to us as refund, and nobody can say where the money is.
Governor Al-Makura challenged anyone with proof to come out and explain how Nasarawa State has benefited from that money. The Governor said “now, even with our meagre federal allocation of N2.1 billion monthly, the amount is subjected to N240 million and that will last for 36 months. That is the predicament in which we find ourselves.
The matter is being looked into, and very soon, the culprits will be brought to book,” Al-Makura concluded.

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