N4bn uncovered in 470 accounts -El-rufai

                                                                                         El-rufai
The Kaduna State Governor, Mallam Nasir el-Rufai said on Saturday that with
the adoption of the Single Treasury Account, the state had traced and uncovered
N4bn stashed in 470 different accounts in 23 commercial banks.
He noted that the Peoples Democratic Party administration had been operating
these (470) accounts in different banks over the years with various names.
According to the governor, but for the adoption of the Single Treasury Account
system, nobody would have traced and discovered the accounts or recovered
the said money.
El-Rufai, who spoke through his deputy, Barnabbas Bala, stated this at the
Third Town Hall Meeting, initiated by the government to interface with the
people of Southern Kaduna senatorial district.
It was held at Kafanchan, in Kaura Local Government Area of the state, on
Saturday.
The deputy governor, who represented his principal, said through the Single
Treasury Account, the government was able to trace and discover the said
amount in the banks.
He also told the audience that El-Rufai was on an official engagement outside
the country.
The El-Rufai administration, in early August this year, announced the adoption
of the Single Treasury Account and directed all commercial banks with the state
funds to remit such (money) to the Central Bank of Nigeria.
The deputy governor while addressing the people of the zone, said the system
had begun to yield the state result as the government was able to trace and
discover N4bn.
The amount, he said, was in 470 different account names and banked in 23
commercial banks by the government of the PDP in the state.
He said the STA accounting system, which had been in operation since
September 1, was aimed at ensuring transparency and accountability in
governance.
He said, “With the system, we have been able to trace and discover the sum of
N4bn in different account names in 23 banks. The STA is to ensure that public
funds are traceable and for the sake of accountability in the state.”
He also disclosed that despite the autonomy given to local governments in the
state by the current administration, some councils in the state were highly
indebted.