Rivers: Wike removes JAAC accounts from banks, gives reason

August 5, 2020
37 Views

Governor Nyesom Ezenwo Wike of Rivers State has directed the removal of Joint Account Allocation Committee, JAAC, from banks that gave unauthorized loans to some local government chairmen in the state.

The governor gave the directive while swearing in the substantive Chairman of the Asari-Toru Local Government Area at Government House, Port Harcourt.

He also ordered the State Attorney-General and Commissioner for Justice to take legal action against the defaulting banks.

This was contained in a statement on Wednesday by the Rivers State Commissioner for Information and Communications, Pastor Paulinus Nsirim.

Wike said: “We have taken a decision that for all those loans taken without approval, the affected accounts must leave the defaulting banks.

“I have told the Attorney-General and Commissioner for Justice to take necessary steps.

“The banks can’t go and seek a refund from the local governments.

“When you default the Law, you suffer for it.

“Council Chairmen who want to take loans from banks must get official approval.

“You cannot take loans that will mortgage the future of the people.”

You may be interested

Deal with cattle herding issue as national challenge, Northern elders tell FG
Entertainment
1 views
Entertainment
1 views

Deal with cattle herding issue as national challenge, Northern elders tell FG

admin - January 25, 2021

The Northern Elders Forum (NEF) has called on the federal government to recognize and deal with the issue of cattle…

Entertainment

Nigeria to rely on oil for next 30 years ― NNPC GMD

admin - January 25, 2021

In spite of global energy transition and federal government promise to diversify the economy, the Group Managing Director (GMD) of…

Gossip

Kemi Olunloyo Issues Stern Warning To Those Who Address Her As A ‘MRS’

admin - January 25, 2021

Controversial Nigerian journalist, Kemi Olunloyo has issued a stern warning to those who address her as a ‘Mrs’. According to…

Leave a Comment

Your email address will not be published.