Posted by News Express | 7 June 2019 | 593 times
The Imo State Government has set up as an eight-man financial advisory committee headed by Abraham Nwankwo saddled with the responsibility of ascertaining and documenting the locations and balances on all bank accounts operated by Imo State Government, its Ministries, Departments and Agencies as at May 29, 2019 when the eight-year administration of erstwhile governor, Owelle Rochas Okorocha, expired.
Also, the committee is to review all financial transactions and where necessary carry out a forensic audit, with a view to ascertaining sources of funds and the application of same.
In a statement signed by the Secretary to the Imo State Government, Uche Onyeagocha, the committee has also been given the responsibility of Documenting all revenues generated or subventions and allocations between 2011 and 2019 as well as Review the propriety of applications and disbursements of state resources between 2011 and 2019.
The state government in the press statement also mandated the committee to review all fund disbursements and applications of state resources to ascertain the propriety of charges levied on accounts, interest payment on loans and deposits where applicable and authorisation as well as review the operations of the Imo State Board of Internal Revenue with a view to recommending appropriate strategies to reposition the agency for better performance and sustained growth. (Channels TV)
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