Friday, 25 March 2016

BAYELSA GOVERNMENT CONFIRMS RECEIPT OF N1.24 BN BAILOUT FUNDS



-           The Bayelsa State government yesterday confirmed that it had received N1.24 billion from the Federal Government as bailout fund.

-          Deputy Governor of the state, Chief John Jonah made the disclosure in Yenogoa during the government’s income and expenditure briefing for January.
-          He revealed that the fund will be used to clear the backlog of salaries owed workers in the eight local government councils of the state.
-          Jonah alleged that the money was ready before the December 2015 governorship election in the state, but alleged that the Federal Government had refused to release it.

                         CULLED FROM VANGUARD

No comments:

Post a Comment