Okpebholo orders freezing of state-owned bank accounts

Monday Okpebholo, the Edo State Governor, has ordered the immediate freezing of all state-owned bank accounts

According to the statement released on Thursday by Fred Itua, his Chief Press Secretary, the governor indicated that the accounts would remain frozen until further notice.

The governor also urged commercial banks and heads of Ministries, Departments, and Agencies (MDAs) to comply with the order immediately and without delay.

The statement explained that Okpebholo cautioned that anyone, including heads of MDAs and civil servants, who disregards the directive would face severe penalties.

All state bank accounts with commercial banks have been frozen. Commercial banks must comply with this order and ensure that not a single naira is withdrawn from government coffers until further notice.

“Heads of Ministries, Departments, and Agencies must ensure full compliance without delay.

Following necessary investigations and reconciliations, the governor will take appropriate action and decide on the way forward. For now, this order remains in effect,” the statement read.

The governor also directed relevant government agencies to revert the Ministry of Roads and Bridges to its original designation, the Ministry of Works, a change implemented during the tenure of former Governor Godwin Obaseki.

Okpebholo ordered immediate compliance, directing that the new name be officially reflected.

“It is odd to name a government institution the Ministry of Roads and Bridges, especially when not a single bridge was built by the previous administration — not even a pedestrian bridge.

“In the coming days, we will examine further actions taken by the previous administration and make decisions that serve the best interests of the state,” the statement concluded.

 

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

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