Imo State Governor, Emeka
Ihedioha, has announced his readiness to sign an Executive Order to bring into
force the use of the Treasury Single Account by the State Government.
Ihedioha in Owerri, on Tuesday
said the move became imperative following the discovery of over 250 accounts in
various banks operated by the Rochas Okorocha led government.
Ihedioha said his discovery on
assumption of office was that there were leakages in the revenue accruing to
the state government.
He said this was largely due to
numerous accounts being used for collection.
He said this accounted for why he
decided to sanitise the state’s financial system.
The governor disclosed that he
had sought the assistance of a former Director General of the Debt Management
Office, Abraham Nwankwo, for a critical look at the financial system.
“It is not an insurmountable
issue, we will block all loopholes for leakages and corruption.
“We discovered over 250 revenue
accounts. So I will sign the Executive Order for the TSA to begin immediately”,
he stressed.
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