The attention of the Delta
State Government has been drawn to the press briefing by Hon Dino Malaye alleging
mismanagement of funds, specifically the N9 billion excess crude funds released to the
state in December 2012.
It will be recalled that in the last two years, the fund allocation from the Federation has been dwindling. States have therefore been requesting for the release of part of the excess crude fund to deal with outstanding commitments.
The excess Crude referred to by Dino Malaye came in two tranches of N1,090,380,894.61 and N8,348,064,864.52 on 10th December, 2012.
It will be recalled that in the last two years, the fund allocation from the Federation has been dwindling. States have therefore been requesting for the release of part of the excess crude fund to deal with outstanding commitments.
The excess Crude referred to by Dino Malaye came in two tranches of N1,090,380,894.61 and N8,348,064,864.52 on 10th December, 2012.
Meanwhile the sum of
N22,677,938,653.12 was being owed contractors and Ministries, Departments and
Agencies (MDAs) mainly for capital projects. The N9b was therefore used to
offset part of this commitment.
Contrary to the impression
given by Dino Malaye that the money was spent in less than three days,
payment commenced in mid- December, 2012 and closed at the end of
January, 2013 a period of over 6weeks.
All the payments were duly budgeted for and due process duly followed.
It must be noted that the Delta State Government uses the ICT based SAP financial management system which has ensured transparency in our payment system.
It is on record that many people have complained of the strict payment system by the Delta State Government. This is to ensure proper record keeping and accountability.
It is well known that the Delta State Government has been pursuing the Delta Beyond Oil Agenda to ensure that in future the State does not have to depend on Federal Allocation alone for survival.
The Honourable Commissioner for Finance will be addressing the press in the next few days to give details of the financial management system.
We urge Hon Malaye to properly investigate whatever information they get before coming out with allegations that are frivolous.
Signed:
All the payments were duly budgeted for and due process duly followed.
It must be noted that the Delta State Government uses the ICT based SAP financial management system which has ensured transparency in our payment system.
It is on record that many people have complained of the strict payment system by the Delta State Government. This is to ensure proper record keeping and accountability.
It is well known that the Delta State Government has been pursuing the Delta Beyond Oil Agenda to ensure that in future the State does not have to depend on Federal Allocation alone for survival.
The Honourable Commissioner for Finance will be addressing the press in the next few days to give details of the financial management system.
We urge Hon Malaye to properly investigate whatever information they get before coming out with allegations that are frivolous.
Signed:
Comrade Ovuozorie Macaulay
Secretary to Delta State
Government
26th March, 2014.
30/3/2014
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