Governor of Abia State, Okezie Ikpeazu has credited the sum of N450m into a treasury single account created for receiving income in favour of Abia State Polytechnic Aba, ABN TV reports.
This follows compliance with the opening of the account which allegedly delayed before now because of activities linked to the school bursar.
Barr Eze Chikamnayo, the Commissioner for Information and Strategy who announced this in a statement on Wednesday said this payment will signal the beginning in the process of offsetting all salary arrears owed to Abia Polytechnic staff.
He said, “This is to inform our Dear Citizens and Stakeholders that having complied with the directive of Government to open a Treasury Single Account, the Abia State Government has credited the 450 million Naira approved by the Governor to the Account of the Abia State Polytechnic, Aba .
“It will be recalled that opening of a TSA inflow account with a reputable Bank was the precondition for the release of the 450 million Naira which Government has approved to kick-start the process of offsetting all salary arrears owed to it’s staff.
“The benefit of a Treasury Single Account is to ensure transparency and accountability in expenditure and help to minimize revenue leakages that have been a major challenge to the growth and development of the Abia State Polytechnic, Aba.
“Government is desirous and determined to entrench a new era of transparency and efficiency in the management of Abia State Polytechnic and will not relent in taking all necessary action to this effect.”
Recall that the NBTE had recently withdrawn the accreditation of the tertiary institution, citing non payment of salaries to the tune of 30 months.
It is expected that the funds released by the state government will assist in offsetting four months salaries for the indebted Polytechnic staff.