Edo State Governor, Senator Monday Okpebholo, has assured that his administration will implement the findings and recommendations of the Assets Verification Committee, which was tasked with assessing government assets and liabilities.
Receiving the committee’s report at the Government House in Benin City, Governor Okpebholo commended the team for their dedication and assured them that their recommendations would be acted upon.
He said: “I appreciate the committee for a job well done and the time invested in this exercise. I understand the challenges you faced, yet you successfully carried out this crucial assignment. Rest assured that your findings and recommendations will be implemented appropriately”.
This is contained in a statement by
Fred Itua
Chief Press Secretary to Edo State Governor.
Presenting the report, the committee’s chairman, Dr. Ernest Afolabi Umakhihe, emphasized that the findings were not just a reflection of past actions but a call to action for the future.
“This report serves as a pivotal moment for Edo State, marking the need to take stock of our current position and chart a course toward greater accountability, financial prudence, and responsible asset management,” Dr. Umakhihe stated.
He noted that the committee’s work involved weeks of diligent research, site inspections, stakeholder engagements, and thorough verification to ensure transparency in handling the state’s assets and liabilities.
The report provides a comprehensive breakdown of Edo State’s assets and liabilities, including outstanding debts, contractual obligations, and financial commitments. Dr. Umakhihe highlighted concerns over mismanagement, improper allocation of resources, and the misuse of consultants in government operations, which created opportunities for corruption and abuse.
“One of the critical aspects of this report is the revelation of significant financial obligations left behind by the previous administration, some of which pose a heavy burden on the state’s fiscal health. These liabilities, including outstanding debts and contracts, require urgent attention and strategic management,” he explained.
The committee recommended a review of certain government contracts and agreements, emphasizing the need to ensure that they align with the best interests of Edo State.
Dr. Umakhihe also revealed that during their investigation, the committee uncovered evidence of financial misconduct, mismanagement, and possible corruption.
“In light of these findings, we strongly recommend that the relevant authorities launch further investigations to hold those responsible accountable. Prosecuting individuals found culpable will send a strong message that Edo State is committed to integrity and transparency in governance,” he stated.
Additionally, the report suggests a re-evaluation of government agreements, leases, and tenancies to ensure fairness and economic advantage for the state. The committee also advised the government to scrutinize corporate entities suspected of having unclear ownership structures linked to past administrations.
“As we submit this report, we do so with the firm belief that its recommendations will serve as a guide toward a more transparent, accountable, and prosperous Edo State,” Dr. Umakhihe concluded.
Governor Okpebholo reaffirmed his commitment to addressing the issues raised, pledging that his administration would act decisively to strengthen governance and ensure responsible management of state resources.