By Grace Ogaga
In a significant move aimed at enforcing financial oversight, Governor Okpebholo of Edo State has ordered the immediate freezing of all state-owned bank accounts.
This is contained in a statement signed by the Chief Press Secretary to the governor, Mr. Fred Itua in Abuja.
The statement which calls for strict compliance from commercial banks and state officials, adds that severe penalties for any breaches.
According to the statement, Governor Okpebholo emphasizes that “all bank accounts in all commercial banks have been frozen” as he directed heads of Ministries, Departments, and Agencies (MDAs) to ensure full compliance.
It indicates further that the accounts will remain frozen until a comprehensive investigation and reconciliation of state finances are completed.
“This decisive action marks Governor Okpebholo’s early focus on tightening fiscal controls as he settles into office. “After the necessary investigations, we will determine the way forward. For now, this order stands,” the Governor states
According to the statement Governor Okpebholo announces the reversion of the Ministry of Roads and Bridges to its former title, the Ministry of Works.
“It is ironic to have a Ministry of Roads and Bridges when no bridges were constructed during the previous administration—not even a pedestrian bridge,” Okpebholo adds.
The statement states that more reviews of policies and actions from the previous administration will follow, with the goal of implementing changes that prioritize Edo State’s best interests.
