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The Rotimi Amaechi led Rivers state Government has denied selling state properties to fund the All Progressives Congress, APC.
According to PREMIUM TIMES, the Rivers state government said the claims made by Tonye Princewill, the Labour Party candidate for next year’s governorship election in the state, are “utter nonsense” and are ill- conceived to tarnish its image.
Speaking on behalf of the state government, commissioner of finance, Chamberlain Peterside, said, ''It must be pointed out clearly in no uncertain terms that proceeds from this sale were all received in the consolidated revenue account of the state''.
''It is inconceivable that any such revenue could have been diverted for political party, campaign given the complex structure of our public accounting system that we operate. Where and how any one such as Mr. Princewill could come up with such claim of fund diversion is simply preposterous''
The statement explained why state assets such as Risonpalm and Olympia Hotel were sold off.
''It simply beats my imagination that someone like him (Mr. Princewill) who has been on the corridors of power in this state that should know better, will peddle such falsehood and derogatory information relating to the public expenditure of the state,” the finance commissioner said.
''It must be noted that Tonye Princewill has himself originated and anchored several projects and transactions in the state geared towards his own pecuniary gains. Meanwhile the outcome of such projects remain questionable and far from the set objectives.
''It is on record that the Rivers State remains the first and only state that maintains a dual international credit rating from Fitch and Standard and Poor’s. This is no mean feat considering the rigorous process of not only obtaining the ratings but also constantly sustaining and improving it,” the government said.
#Amaechi #APC
According to PREMIUM TIMES, the Rivers state government said the claims made by Tonye Princewill, the Labour Party candidate for next year’s governorship election in the state, are “utter nonsense” and are ill- conceived to tarnish its image.
Speaking on behalf of the state government, commissioner of finance, Chamberlain Peterside, said, ''It must be pointed out clearly in no uncertain terms that proceeds from this sale were all received in the consolidated revenue account of the state''.
''It is inconceivable that any such revenue could have been diverted for political party, campaign given the complex structure of our public accounting system that we operate. Where and how any one such as Mr. Princewill could come up with such claim of fund diversion is simply preposterous''
The statement explained why state assets such as Risonpalm and Olympia Hotel were sold off.
''It simply beats my imagination that someone like him (Mr. Princewill) who has been on the corridors of power in this state that should know better, will peddle such falsehood and derogatory information relating to the public expenditure of the state,” the finance commissioner said.
''It must be noted that Tonye Princewill has himself originated and anchored several projects and transactions in the state geared towards his own pecuniary gains. Meanwhile the outcome of such projects remain questionable and far from the set objectives.
''It is on record that the Rivers State remains the first and only state that maintains a dual international credit rating from Fitch and Standard and Poor’s. This is no mean feat considering the rigorous process of not only obtaining the ratings but also constantly sustaining and improving it,” the government said.
#Amaechi #APC
