How we recovered controversial N4.5 billion bonds —Ortom - GOODY'S TURF

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Sunday, 9 July 2017

How we recovered controversial N4.5 billion bonds —Ortom


BENUE state governor, Samuel Ortom has shed light to how the state was able to recover the N4.5 billion bonds that had generated controversy between his government and the erstwhile governor of the state, Gabriel Suswam.
Ortom disclosed this to newsmen at the weekend.
The governor said that the transaction between the bank and his predecessor was anchored on falsehood and lies, the situation which he said promoted his administration to petition the Security and Exchange Commission which investigated the matter and resolved that the bonds be refunded to the state government.
He, however, added that the overdraft the immediate past administration had procured to service the bonds has become a liability to his government which he said would be paid within the period of four years.
The N4.5 billion bonds had generated controversy between governor Ortom and his predecessor, Dr Gabriel…

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