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Abia to seal banks withholding state’s funds
Abia to seal banks withholding state’s funds

Gov Okezie Ikpeazu of Abia State has threatened to seal banks withholding the State funds.

The State government advised banks that have continued to place Post No Debit, PND, on Abia State accounts to immediately resume financial transactions with the State or have their branches sealed in the State.

In a statement signed by Barr Chris Ezem, the Secretary to the State government, Governor Ikpeazu said an Abuja High Court which earlier froze Abia State accounts, had also vacated the same order.

It added that banks have no reason to disobey the Abuja High Court.

“Government therefore directs all banks that have transactions with the Abia State government to resume normal transactions without further delay,” he said, adding that any bank that failed to obey the vacation order would risk being sealed by the State government.

The Governor equally warned individuals and groups against subjecting the State to litigations.



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