Ministry seems earlier than panel, alleges N100 million lacking from Abia Microfinance Financial institution

Abia State Ministry of Digital Financial system and SME, now generally known as Ministry of Business and SME has appeared earlier than the Judicial Panel of Inquiry on the restoration of presidency properties and funds.

The Deputy Director of SME within the Ministry, Mrs Chinyere-Ruth Nwosu mentioned the Ministry in collaboration with the Ministry Well being awards Well being associated contracts and distributes medication donated by World Financial institution and different Companions within the State.

Mrs Nwosu mentioned Abia State SME Microfinance Financial institution was not functioning till the current administration within the State dissolved the Board and appointed Administration of the Financial institution headed by Mazi Chimeremeze Okigbo who serves because the CEO/MD, including that the Microfinance Financial institution can also be domiciled within the Workplace of the Governor.

She disclosed that in one of many conferences of the then Board, it was alleged that one of many officers embezzled the sum of N100,000,000 out of N200,000,000 borrowed by Abia State SME Microfinance Financial institution.

She alleged that out of the 2 autos belonging to the Microfinance Financial institution, the Toyota Sienna is at present parked within the Financial institution, whereas the Toyota Corolla car was found within the residence of the then Commissioner, including that efforts made by the then Everlasting Secretary of the Ministry, Mrs Justina Eboh to recuperate the car proved abortive.

Additionally in his Speech, the HOD of Finance within the Ministry, Mr Kelechi Onyegbule mentioned the Abia State Home of Meeting gave the Committee arrange by the earlier administration approval to borrow the sum of N200,000,000 to run Abia State SME Microfinance Financial institution, including that he can’t confirm whether or not the cash has been refunded.

Mr Onyegbule mentioned that the then Deputy Director of Finance within the Ministry, who’s signatory to the account, has additional info relating to the alleged lacking N100,000,000.