Enugu Assembly approves Ugwuanyi’s request to offset debts with excess crude funds

The Enugu House of Assembly has approved a request to offset the domestic debt of the state from the outstanding 60 per cent unauthorised debits from the excess crude account and petroleum profit tax accruable to the state.
It also approved the deduction from source of five per cent consultancy fee for the recovery of backlog of stamp duties owed to the state from 2015 to 2022.
The parliament granted the approval on Thursday in Enugu after reading letters from the state government during an emergency plenary presided over by the deputy speaker, Uche Ugwu.
In his submission, the leader of the house, Ikechukwu Ezeugwu, said the balance from ECA and PPT, after the deduction of five per cent consultancy fee to Ajap Financial Services Ltd would help the Enugu government carry out more developmental projects.
Mr Ezeugwu argued that authorising the offsetting of the domestic debts would make the state to be debt-free, which, according to him, was commendable.
Sam Ngene, representing Enugu South Urban constituency, applauded the State Executive Council (SEC) for coming up with the initiative of ensuring that the state is not indebted to anybody or institution nationally.
Johnson Chukwuobasi, representing Awgu South constituency, regretted that the federal government had refused to pay monies it owed the state.
Mr Chukwuobasi praised the Enugu government for its tenacity at ensuring that the monies are channelled at offsetting the domestic and other debts of the state.
The deputy speaker commended his colleagues for being thorough in their submissions during the debates on the two requests from the executive arm of the government.
Mr Ugwu said the contributions showed the commitment of the members to improve the financial standing of the Enugu government.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

World
At least two killed, five injured in Toronto street festival shooting
The police said investigations are ongoing to fish out the shooter, warning the public to stay away from the area.

NationWide
INEC extends deadline for submission of 2027 presidential, NASS candidates’ lists
INEC said the extension followed the Inter-Party Advisory Council’s appeal on behalf of political parties.

Sport
Nigeria’s Flamingos beat Benin 5-3 to reach FIFA U-17 World Cup
The FIFA U-17 Women’s World Cup will take place in Rabat, Morocco, from October 17 to November 7, featuring the world’s leading youth teams.

Sport
World Cup: Argentina overcome Switzerland 3-1 after extra time
Argentina advanced into the World Cup semifinals, keeping alive their pursuit of another global title.

Sport
Bellingham brace fires England into 2026 World Cup semifinal
The final whistle confirmed England’s place in the semi-finals, where they will meet either Argentina or Switzerland.

Heading 5
Floods kill 44 people, leave more than one million stranded in Bangladesh
Many households remain trapped in their communities, stranded without food, clean water, and electricity.





