Okpebholo Freezes Edo State-owned Bank Accounts

As part of measures to build his Government, the Governor of Edo State, Monday Okpebholo, has directed the immediate freezing of all state-owned bank accounts.

The Governor made the directive two days after his inauguration, which was contained in a statement issued on Thursday by the Chief Press Secretary, Fred Itua.

Following the Governor’s order, the accounts would remain frozen until further notice.

The statement reads: “All state bank accounts with commercial banks have been frozen. Commercial banks must comply with this order and ensure that not a single naira is withdrawn from government coffers until further notice.

“Heads of Ministries, Departments, and Agencies must ensure full compliance without delay.

“Following necessary investigations and reconciliations, the governor will take appropriate action and decide on the way forward. For now, this order remains in effect.” 

All commercial banks, ministries, departments, and agencies (MDAs) are mandated to immediately comply with the Okpebholo’s order or face severe consequences.

Meanwhile, the Governor also have a directive that the Ministry of Works,  which the previous administration named the Ministry of Roads and Bridgesshould immediately be reversed.

“It is odd to name a government institution the Ministry of Roads and Bridges, especially when not a single bridge was built by the previous administration — not even a pedestrian bridge.

“In the coming days, we will examine further actions taken by the previous administration and make decisions that serve the best interests of the state,” the statement added.