Matawalle left N20.5b, $1.977m for new Zamfara govt – Aides

  • News
  • June 4, 2023
  • 0 Comments

Matawalle left N20.5b, $1.977m for new Zamfara govt – Aides

Tamarauemi Ebimini

Two former aides of immediate past Governor of Zamafara state, Dr. Suleiman Shuaini Shinkafi and Anas Abdullahi Kaura, has risen in defense of the former Governor, denying allegations that he looted the state before handing over government. They dismissed the claim by the new governor, saying rather than looting, former Governor Bello Matawalle left about N20 billion and $1.977 million in cash and securities for the state.

The new Governor, Dauda Lawal was quoted as saying Matawalle looted the treasury and the government House before handing over to him. But the former aides who addressed the press in Abuja brandished two pages from the hand over notes to prove their point that the former governor left money and equity for the state.

A portion of the hand over note by former Governor Matawalle states that the former APC government left N20. 579 billion in the state treasury, for the new government. Listed as item 6 of page five of the hand over note, paragraph reads “My administration has strategically managed assets and securities to ensure stability in the overall management of the state economy. To this end, a total sum of 20,579, 155,349.20 and $1,977,000 is lefl behind in the stale coffers as per tables below”

It states that Zamafara state has -N3, 897,339,174.91 with the FAAC, CBN-N3, 800,000,000.00 (CBN investment find pending fulfilment of the release conditions), ACReSAL-N800, 000,000.00, $1, 997,000, Matawalle Cares- N2, 118,790,000 (domicile in three agencies- Ministry of Commerce, CSDA and FADAMA) and Covid 19 fund-N500, 000,000 (health advocacy).

The document also revealed that the state has about 60,083,475.67 unit shares in Access Bank, Dangote Sugar, Ecobank Transnational, Floor Mill PLC, Guarantee Trust Bank, Jazz Bank, Large Africa PLC, Prestige Assurance, Stannic IBTC, Zenith Bank, Nigeria Sovereign Investment and Niger Delta Power Delta Holding presently valued at about N5, 473,126,174. 29.

  • Related Posts

    • News
    • July 25, 2026
    Ondo Multi-door Courthouse stakeholders engagement holds in Akoko as CJ promises ADR center

    Ondo Multi-door Courthouse stakeholders engagement holds in Akoko as CJ promises ADR center By Steve Ovirih. In its bid to expand the reach of Alternative Dispute Resolution,ADR channel across Ondo…

    • News
    • July 24, 2026
    OSOPADEC Rejects Links to Ondo Assembly Crisis and Warns of Legal Action

    OSOPADEC Rejects Links to Ondo Assembly Crisis and Warns of Legal Action The Chairman of the Ondo State Oil Producing Areas Development Commission (OSOPADEC), Prince Olabiyi Olaleye Poroye, has dismissed…

    Leave a Reply

    You Missed

    Families Mark Nearly Six Months Of Agony As 176 Abductees Remain Missing In Kwara.

    Families Mark Nearly Six Months Of Agony As 176 Abductees Remain Missing In Kwara.

    Ondo Multi-door Courthouse stakeholders engagement holds in Akoko as CJ promises ADR center

    OSOPADEC Rejects Links to Ondo Assembly Crisis and Warns of Legal Action

    OSOPADEC Rejects Links to Ondo Assembly Crisis and Warns of Legal Action

    State Police Bill Sparks Fresh Debate Over Legislative Procedure.

    State Police Bill Sparks Fresh Debate Over Legislative Procedure.

    New Security Outfit Targets Forest Hideouts As Insecurity Concerns Grow In Kwara.

    New Security Outfit Targets Forest Hideouts As Insecurity Concerns Grow In Kwara.

    Senate Pushes Plan To Drive Jobs, Investment Through Local Offices For Social Media Firms.

    Senate Pushes Plan To Drive Jobs, Investment Through Local Offices For Social Media Firms.