Factional speaker of the Ebonyi State House of Assembly, Chukwuma Nwazunku has accused the Ebonyi state governor, Martin Elechi of mismanaging the N16.5 billion bond obtained from the capital market in 2010 for the execution of certain capital projects in the state, including the International Market, the State Secretariat, Oforekpe Water Scheme and others.
In a letter he wrote and signed, the speaker called on the President to withhold his approval of the second bond of 15 billion sought by Governor Elechi for the state.
Nwazunku further indicted the governor of diverting the bond money noting that the projects that the money was meant for “are scarcely attended to, to the extent that even in the next one-year the project will never be implemented.”
“Since our approval of the second bond, however certain revelations have come to light to warrant keeping the second in view pending a proper detailed briefing of the house on the use of the first bond.
“It does not appear as if the first bond has been properly used in view of the fact that the target projects the bond was meant for was scarcely attended to, to the extent that even in the next one-year the project will never be implemented.
“We have requested for proper briefing on the use of the first bond but rather that do so, all hell has been let loose on some house members. We are, however, not bothered by this state of affairs.
“We have requested for proper briefing on the use of the first bond but rather that do so, all hell has been let loose on some house members. We are, however, not bothered by this state of affairs.
“In view of the fact that the target projects for the first bond obtained will still take over one year to complete, and in view also that the tenure of the present administration will be rounding off in the next 6 months, we respectfully invite your excellency to graciously withhold your kind approval of the new second bond which the Ebonyi state government has applied for pending when our relevant committee is properly briefed on the use of the first bond.” [myad]
