Nigeria News

Group Urges EFCC to Probe Ebonyi’s N40billion Debt

 Citizens of Ebonyi State, under the aegis of Concerned Citizens of Ebonyi, have raised an alarm over the huge debt problem currently being faced by the state, calling on the Economic and Financial Crimes Commission (EFCC) to immediately probe the administrators of the states resources.

President of the group, Mr. Elechi Ikeburu, in a statement, stressed that the state’s debt situation was more alarming because there were no tangible infrastructural development projects that have been completed to march the huge debt profile.

“It is unthinkable that Ebonyi State will have such huge debt without corresponding evidence of completed projects carried out in the state,” Ikeburu said in the statement.

Ebonyi State led the list of states in the country that failed the domestic debt sustainability analysis undertaken by the Debt Management Office (DMO).

According to DMO, Ebonyi recorded a negative score of 272 per cent, representing a domestic debt stock of N40.239 billion, relative to her IGR of N14.778 billion.

It would be recalled that a lawmaker from Ebonyi state representing Ezza North/West constituency, Enyi C. Enyi recently opposed a motion for a vote of confidence on the governor and his deputy, citing the numerous uncompleted projects that litter the state.

According to Enyi, “most of the projects put in place by the present administration are yet to be completed. The ongoing water schemes are yet to be completed, so we are yet to assess its impact on the people of the state.
It is clear that the road leading to the State House of Assembly is in shambles. Therefore it is premature at this point for the state house of assembly to pass a vote of confidence on Governor Martin Elechi and his deputy.”

The concerned Ebonyi Citizens in their statement argued that with a plethora uncompleted and near abandoned project in the state the colossal debt of over 40 billion is indicative of serious mismanagement of the states scarce resources.

The group therefore called on the nation’s anti financial crimes agency EFCC to step in and probe contracts awarded in the states; valuations done; beneficiaries of the contract, established why these projects have been abandoned and expose nepotism and corruption, conflict of interest that has robbed the state of its much cherished revenue

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