Bayelsa govt confirms receipt of N1.24bn bailout funds

The Bayelsa Government on Thursday confirmed that it had received N1.24 billion from the Federal Government as bailout fund.
The government said that the money was its of the financial package given to states.
Deputy Governor of the state, Chief John Jonah, disclosed this in Yenagoa during the government’s income and expenditure briefing for January.
He said the fund would be used to clear the backlog of salaries owed workers by the eight local government councils in the state.
Jonah said that the money was ready before the December, 2015 governorship election in the state, but alleged that Federal Government refused to release it.
According to him, the government did not release it because they said that Gov. Seriake Dickson would use it for his re-election bid.
“Yes, the money has been transferred to us now; it was ready before the governorship election and they felt that if the money was given to us, we will use it for election.
“They also felt that even if you pay salaries with it then, it will be a morale booster, so you will gain. So, they stopped it.
“Election is over, so we have to go through the process again and now we have the money”, he said.
Jonah clarified that the bailout was not a gift from the Federal Government, adding that the benefiting councils would pay back according to the proportion they would each receive.
He said that the money was given to Bayelsa based on the requirements of the councils, explaining that it was for this reason all councils would not receive the same amount of money.
“Some councils are owing more than others, so they will get more than what others will get.
“Councils that will get twice more than others will pay back twice more than what others will pay”, he stated.
The News Agency of Nigeria (NAN) gathered that council workers in the state are owed between eight and 10 months’ salary.
It would be recalled that in January, 2016, the state government accused the Federal Government of depriving it of the bailout fund. (NAN)