Breaking! Gov Eno clears N39.8b bank loans incurred by Udom's administration

 

The Akwa Ibom State Governor, Pastor Umo Bassey Eno has cleared N39.831 billion commercial bank loan owed by the administration of the immediate past Governor of the state, Mr Udom Emmanuel. 

The Honourable Commissioner for Finance, Mr Emem Bob made this known during a press briefing on Tuesday at the Ministry's Conference room, Idongesit Nkanga Secretariat, Uyo.

According to him, "After a thorough review and negotiations, this Administration of His Excellency, Pastor Umo Bassey Eno fully cleared the debt as at last month of November, 2025. The total amount paid was N39.831 billion. The details of the transaction are; Principal: N34.533 billion and Interest of  N5,298 billion."

The Finance Commissioner noted that since May 29 , 2023 when Governor Eno came to power, he has not borrowed money for any project or programme.

He further disclosed that the Governor has also  paid additional N76.3 billion out of the N 110 billion backlog of gratuities inherited from 2012. 

"In addition to the Commercial Banks debt settlement, out of the N 110billion backlog of gratuities also inherited from 2012, the present administration in a little above two years in office two years has  paid N76.3billion, clearing the  backlogs to March, 2021."

The Finance Commissioner averred that the Governor's ability to clear the bank loans and other debts resulted from his financial discipline,  enhanced revenue management, and proper resource allocation

Other government officials at the event included, the  Honourable Commissioner for Information, Dr Aniekan Umana, the Chairman, Akwa Ibom State Internal Revenue Service, Sir Okon Okon, the Permanent Secretary of the Ministry of Finance, Directors and others.

Comments

Post a Comment

Popular posts from this blog

ARISE Agenda: A'Ibom Councillors Make New Demands

Image
• meet Gov aide on Youths Mobilization  The Senior Special Assistant to Governor Umo Eno on Youth Mobilisation, Mr Joe Williams flanked by the 31 House Committee Chairmen on Youths from across the local government councils of Akwa Ibom State, after a meeting in Uyo last Monday.  House Committee Chairmen on Youths across the 31 local government legislative councils of Akwa Ibom State have made strong advocacy for proper inclusion in government to help interpret the ARISE Agenda of the present administration of Pastor Umo Eno. This formed the crux of the meeting with the Senior Special Assistant to Governor Umo Eno on Youth Mobilisation, Mr Joe Williams, held at Ewet Housing Estate, Uyo last Monday.  The legislators who stressed the importance of proper sensitisation and inclusivity of youths in government dealings, noted that House Committee Chairmen are the main grassrooters with proper understanding of the needs of the youths at that level, adding that they are the ones ...
Read more

Udom Emmanuel in EFCC Net Over ‘N700bn Fraud’

Image
Udom Emmanuel  Udom Emmanuel, a former governor of Akwa Ibom, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged N700 billion fraud. TheCable understands that the former governor was taken into custody shortly after he arrived at the EFCC headquarters in Abuja on Tuesday around 12:30 pm. Emmanuel was at the EFCC headquarters to honour an invitation over the allegation of money laundering, diversion of funds and stealing preferred against him by Network Against Corruption and Trafficking (NCAT), a civil society organisation (CSO). Sources within the EFCC said the petitioner alleged that the former governor received N3 trillion from the federation Account in eight years but left a debt profile of N500 billion and unpaid ongoing projects worth N300 billion in Akwa Ibom state. He was also alleged to be unable to account for N700 billion. There has been no official statement issued about the arrest by the anti-graft agency. Source: TheCab...
Read more

Sister Victoria Bose Clarke Received As Ag Chairman BCS Executive Council

Image
  The world headquarters of Brotherhood of the Cross and Star (BCS), Uyo, Akwa Ibom State, was agog on Saturday, following a reception ceremony organized in honour of the International Women's President of BCS, Sister Victoria Bose Clarke. Recall that Sis. Victoria Clarke, the current International Women's Fellowship President, was recently appointed by Leader Olumba Olumba Obu as the Acting Chairman, BCS Executive Council, a development that has placed her in two exalted positions within the Kingdom. In his welcome address at the reception ceremony, the Calabar Regional Leader's Representative, His Lordship, Bishop Etim Ante, while appreciating all BCS members for their participation, gave details that the first part of the occasion would feature a celebration of the appointment of a mother, Sis. Victoria Clarke, whom he described as an Amazon. Explaining further, Bishop Ante said the second part would focus on Golden Jubilee Celebration of Women's Pilgrimage and Diamo...
Read more