Edo Governor Orders Immediate Freezing Of State Bank Accounts

Edo Governor Orders Immediate Freezing Of State Bank Accounts

Monday Okpebholo, the Edo State Governor has ordered the immediate freezing of all state-owned bank accounts until further notice.

Edum News reports that the decision is to allow for proper investigation and reconciliation of accounts.

The order was made public by the Chief Press Secretary to the governor, Fred Itua, in a statement released on Thursday.

In the statement, Okpebholo charged commercial banks, heads of Ministries, Departments and Agencies (MDAs) to comply with the order with no delays, warning that anyone who flouts the order will be severely punished.

The statement partly reads, “All bank accounts in all the commercial banks have been frozen. Commercial banks must comply with the order and ensure that not a dime is taken out of the confers of Government until there is a further notice.

“Heads of Ministries, Departments and Agencies must comply with this order and ensure that there is a full compliance without any further delays. After the necessary investigations and reconciliations, the Governor will do the needful and decide on the way forward. For now, this order stands.”