Connect with us

FEATURED

BREAKING: Ex-Governor Ortom Falls Into EFCC’s Dragnet, Arrested

Published

on

Operatives of the Economic and Financial Crimes Commission (EFCC), has arrested immediate past Governor of Benue State, Samuel Ortom.

Our correspondent gathered that the ex-Governor was invited by the anti-graft body for questioning over his stewardship.

Ortom, however, drove into the Makurdi zonal office of the agency, which is located at Alor Gordon street in the state capital at exactly 10:08am.

He walked straight into the building.

The former governor’s media aide, Terver Akase, and Principal Special Assistant on Special Duties, Abraham Kwanhgu, were sighted with him.

He had not left the premises as of 11:25am when this report was filed.

Advertisement

Ortom handed over a debt profile of N187.7 billion to the administration of Reverend Father Hyacinth Alia.

Ortom at a brief ceremony held at the old banquet hall of Government House in Makurdi, told Alia that the handover notes in three volumes were summary of his eight years administration.

The governor explained that the total income of the state during his eight years sojourn amounted to N734.9billion as at April 2023 while the total debt incurred by the state within the period stood at N187.7billion inclusive of unpaid salary, pension arrears, loans and bonds among others.

He also intimated his successor of a debt swap/reduction arrangement between the state and the Federal Government to the tune of N97.716billion.

Ortom explained that with an expected inflow of N48billion, after discount, the negotiated debt swap would be reduced to N45.2billion, thereby bringing down the state’s total debt profile.

He further disclosed that his administration already secured an approval of N41billion loan and a N20billion Central Bank of Nigeria (CBN) facility, urging the Alia’s administration to press for the release of the money when sworn in.

Advertisement

(This story excluding headline contains information from Daily Trust)

Continue Reading
Advertisement
Click to comment
NEWS6 hours ago

Governor Oborevwori Eulogies Chief Ayirimi Emami at 51

FEATURED7 hours ago

Gunman Breaks Into White House Correspondents’ Dinner; Trump Escorted Out, First Lady Crawls to Safety Amid Stand-Down

flood
COMMUNITY REPORT9 hours ago

How Uvwie Used Historical Truth to Silence Itsekiri Land Ownership Claims

personnel
FEATURED10 hours ago

Delta CP Orders Thorough Probe as Police Allegedly Assault Woman with Over Forty Cane Strokes

Naira Notes
BUSINESS11 hours ago

CBN Scraps Monthly ATM Maintenance Charges, Raises Issuance Fee

FEATURED20 hours ago

DAFINONE’S PANIC DECLARATION IS POISON FOR APC, BY HON. GODWIN ANAUGHE

FEATURED21 hours ago

Customs Seizes Illicit Drugs Worth Over N2.6B, Hands Over to NDLEA in Owerri

FEATURED1 day ago

Nigeria’s Political Heavyweights Converge in Ibadan to Challenge Tinubu’s 2027 Presidency

FEATURED1 day ago

Police Arrest Four Robbery Suspects in Delta, Recover One Pistol, Cut-to-size Gun, Live Cartridge

Nigerian content
FEATURES2 days ago

World Malaria Day: Chevron Reinforces Commitment to Malaria Eradication Across Africa

COMMUNITY REPORT2 days ago

Delta: Councillor, Others Thank Isoko North Chairman for Timely Release of Constituency Funds

NIGER DELTA3 days ago

CEO Urges Women to Turn Gender Inequality in Energy Sector into Economic Growth

Omo-Agege
FEATURED4 days ago

Delta Central: I’m Running Under APC – Omo-Agege Declares Senate Bid

OPINION4 days ago

LATE DEP. GOV ELUE; GENTLEMANLY TEAM PLAYER, UNLIKE IFEANYI OKOWA, BY TONY ELUEMUNOR

international fraud ring
FEATURED4 days ago

How HK Kingpin Was Convicted for Five Years — EFCC

Advertisement
Advertisement

z