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Umahi denies inheriting N46bn internal debt from Elechi

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By Ruth Oginyi

Ebonyi state governor, Engr. David Umahi, has denied speculations that his government has left the state poorer by excess borrowing or that it inherited N46 billion internal debt from the erstwhile governor of the state, Chief Martin Elechi.

Recent report credited to a former member of the state executive council under Umahi’s first administration, has it that the state domestic debt stock rose by 36.78% from NGN34.1 billion in 2015 to NG46.7 billion in 2019.

But the governor during his weekly broadcast described the report as falsehood. He said he had not incurred any external debt since he came on board, adding that his predecessor’s external debt was not more than N2million deducted which was not from the former governor’s administration.

He said “I support exposing corruption and evil done against humanity but to wake up without checking facts is very bad. I saw where somebody wrote on Facebook that internal debt since 2015 is N46bn.

“Elechi did not leave internal debt of N46bn to me. There is no such case and it is my former secretary to the state government. He said that external debt was over N400million left by Elechi and I increased it by N100million. I have not owed anybody external debt since I came on board. Elechi’s external debt is not more than N2milion that is deducted and it wasn’t from him. It is when we were in old Anambra and Imo states. And so, as it stands now, neither me nor my predecessor took external loan but somebody found it easy to write falsehood”.

To keep the record straight, he said the state government would publish the financial statement of Ebonyi state in the next few days so that the world would know the truth.

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