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Home News Local ZAMFARA: GOVERNOR MATAWALLE RECOVERS N282.5 MILLION NAIRA FROM AMCON.

ZAMFARA: GOVERNOR MATAWALLE RECOVERS N282.5 MILLION NAIRA FROM AMCON.

His Excellency, Zamfara State Executive Governor,Hon Dr. Bello Mohammed MON (Matawallen Maradun) today recovered 282.5 million Naira from the Assets Management Cooperation of Nigeria AMCON belonging to the Zamfara State Government

The money was refunded to the State Government through a letter addressed to the State Governor Hon Dr. Bello Mohammed Matawalle jointly signed by the corporation’s Inter Governmental relations officer, Mr Saad Ahmed and head of legal department Mr Albert Nwanzie

The letter which is dated August 16,2019 reads in part “Re-Refunds of excess funds recovered following court judgement in AMCON VS BRIGHTWAY mining and minerals Ltd and 2 others- Suit No FHC/GS/CS/2014 forwarding of original drafts “

It further stated that “please find attached the following twenty-nine (29) original drafts totalling 282,525,547,38 in respect of refunds to Zamfara State Government on the settlement sum received in respect of liquidation of the debt of brightway mining and minerals Ltd to AMCON”

The cheques were presented to Governor Matawalle by the Inter Governmental relations officer of the Cooperation Mr Saad Ahmed today in Kano.

Receiving the drafts cheques on behalf of the Zamfara State Government, Governor Matawalle said his administration will continue to revisit all auctions made on Zamfara State Government properties with a view of recovering all funds that were wrongly or illegally deducted from the state by Banks, Companies or AMCON.

Matawalle wondered over the way and manner Government assets were auctioned under the previous administration over its failure to repay little debts.

He further said that the refunds made to the State by AMCON today is a positive response to the letter which he earlier sent to the Cooperation requesting it to refund the said amount to the state because the money realised from the sales of the State Government assets was more than the debts.

The Governor also promised to continue pursuing all the auctioned properties until all the funds are recovered.

It could be recalled that the government made a promise to recover all funds that were wrongly or illegally taken from the state during the rampant auctioning of the state Government properties as a result of previous misadministration which also led to litigation and auctioning of many government assets that were undervalued.

The draft cheques were received in the presence of Former Deputy Governor, Hon Mukhtar Ahmed Anka, Former Minister of Finance and Honourary adviser to the Governor, Ambassador Bashir Yuguda Gusau, Principal Private Secretary to the Governor Alhaji Abubakar Jaafar Maradun and Alhaji Usman Dankalili Bakura.

YUSUF IDRIS GUSAU
Director General Press Affairs, Government House, Gusau.
16/08/2019

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