BREAKING: Gov Ikpeazu Credits N450 Million to Abia State Polytechnic

The Abia State governor, Okezie Ikpeazu has remitted a sum of N450 million salary support to Abia State Polytechnic, Aba.

AbaCityBlog reports that Ikpeazu had promised to release N450 million to the institution to enable it to clear some salary backlog which led to the lost of accreditation.

Fulfilling his promise, the governor on Wednesday, credited the 450 million Naira to the Account of the Abia State Polytechnic, Aba.

In a statement signed Barr Eze Chikamnayo, State Honourable Commissioner for Information and Strategy, said the payment was approved for the institution to kick-start the process of offsetting all salary arrears owed to it’s staff.

“This is to inform our Dear Citizens and Stakeholders that having complied with the directive of Government to open a Treasury Single Account, the Abia State Government has credited the 450 million Naira approved by the Governor to the Account of the Abia State Polytechnic, Aba.”

“It will be recalled that opening of a TSA inflow account with a reputable Bank was the precondition for the release of the 450 million Naira which Government has approved to kick-start the process of offsetting all salary arrears owed to it’s staff.”

“The benefit of a Treasury Single Account is to ensure transparency and accountability in expenditure and help to minimize revenue leakages that have been a major challenge to the growth and development of the Abia State Polytechnic, Aba.”

“Government is desirous and determined to entrench a new era of transparency and efficiency in the management of Abia State Polytechnic and will not relent in taking all necessary action to this effect.”