Okpebholo to probe Obaseki’s MOUs, vows full implementation of Assets Report

Obaseki (left) and Okpebholo

Published By: Kazeem Ugbodaga

By Jethro Ibileke

Governor Monday Okpebholo of Edo State has pledged to implement the findings and recommendations of the Assets Verification Committee, ensuring accountability in the management of government assets and liabilities.

Receiving the committee’s report at Government House, Benin City, Okpebholo commended the members for their dedication and assured them that their recommendations would be acted upon.

“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,” the governor stated.

Presenting the report, the committee chairman, Dr. Ernest Afolabi Umakhihe, called for a probe into all contracts and Memoranda of Understanding (MOUs) signed by former Governor Godwin Obaseki, stressing the need for accountability.

He described the report as not just a review of past actions but a call for a new era of financial prudence and responsible asset management in Edo State.

“Our findings mark a pivotal moment for the state, underscoring the need to take stock of our current position and chart a course toward greater accountability,” Umakhihe noted.

According to him, the committee conducted weeks of research, site inspections, and stakeholder engagements to ensure transparency in handling Edo State’s assets and liabilities.

The report provides a detailed breakdown of government assets, outstanding debts, contractual obligations, and financial commitments.

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The committee raised concerns over mismanagement, improper allocation of resources, and the misuse of consultants in government operations, which it said 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,” Umakhihe stated.

He further disclosed that the committee uncovered evidence of financial misconduct, mismanagement, and possible corruption, urging relevant authorities to 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 added.

The committee recommended a thorough review of government contracts and agreements to ensure they align with the best interests of Edo State.

It also suggested re-evaluating government leases and tenancies to guarantee economic fairness.

Additionally, the report 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,” Umakhihe concluded.

Okpebholo reaffirmed his administration’s commitment to addressing the issues raised, pledging decisive action to strengthen governance and ensure responsible management of state resources.