Mr Chukwuma Nwazunku, a factional speaker of Ebonyi state house of assembly has accused Gov Martin Elechi of embezzling as well as mismanaging N16.5 billion bond money realized from the capital market in 2010 for the implementation of major projects in the state, such as the state secretariat, the international market as well as the Oforekpe Water Scheme.
The factional speaker Mr Chukwuma Nwazunku sent a letter of indictment, indicting Gov Martin Elechi to president Goodluck Jonathan urging him to withhold his approval of the second bond of 15 billion sought by Governor Elechi. Mr Chukwuma Nwazunku’s words: “Since our approval of the second bond, however certain revelations have come to light to warrant keeping the second in view pending a proper detailed briefing of the house on the use of the first bond.
“It does not appear as if the first bond has been properly used in view of the fact that the target projects the bond was meant for was scarcely attended to, to the extent that even in the next one-year the project will never be implemented.
“We have requested for proper briefing on the use of the first bond but rather that do so, all hell has been let loose on some house members. We are, however, not bothered by this state of affairs.
“We have requested for proper briefing on the use of the first bond but rather that do so, all hell has been let loose on some house members. We are, however, not bothered by this state of affairs.
“In view of the fact that the target projects for the first bond obtained will still take over one year to complete, and in view also that the tenure of the present administration will be rounding off in the next 6 months, we respectfully invite your excellency to graciously withhold your kind approval of the new second bond which the Ebonyi state government has applied for pending when our relevant committee is properly briefed on the use of the first bond.”
