Ihedioha Shut Down Every Transactions Bank and non-bank financial institutions

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The Imo state governor, Emeka Ihedioha, shut down every financial transaction in the state, till further notice.

Twenty-four hours after he was sworn in as the governor of Imo State, Emeka Ihedioha has ordered financial institutions not to honor any withdrawal instruction by cheques or transfers written in the name of the state government.

Emeka Ihedioha Ihedioha through his Special Adviser on Media, Steve Osuji, disclosed this in a statement to newsmen in Owerri. However, the newly sworn-in governor did not give reasons for the instruction. It also warned that banks and non-banks should take note as the government would not be responsible for any form of disbursements of fund of the government. According to the release, “Governor Emeka Ihedioha of Imo State has directed that all Financial Institutions that have a relationship with the Imo State Government should not honor any withdrawal instruction by cheques, transfers or in any form.

 “No financial mandates, ISPOs or any form of financial instruction should be treated. All outstanding financial instructions already with banks and financial institutions should be put on hold. “This directive covers, but not limited to, all the accounts of Ministries, Departments, Parastatals, Local Government councils, Quasi-government Agencies, and all revenue generating organs of government.”

 “Banks and non-bank financial institutions are to take note and ensure compliance, as the state government will not be responsible for any disbursement, effected contrary to this directive. “This directive will remain in force until otherwise advised. Heads of government agencies, departments, parastatals, permanent secretaries and relevant officers will be held responsible for any breach. This directive takes effect immediately” Osuji added.

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