Taraba State
Government has
reiterated its
determination to
reposition the Taraba
State Investment and
Properties Limited
and the State Micro
Finance Bank for
better performance
in line with the vision
of the Rescue Agenda
of the present
administration.
Governor Darius
Dickson Ishaku said
this while inaugurating two committees that are
to look into the activities of the two institutions
from 2013 to date with a view to putting all the
records in their right perspectives.
Inaugurating the committees on behalf of
Governor, at the Conference Hall of the Office of
the Secretary to the Taraba State Government
SSG, the SSG, Hon. Anthony Jellason charged the
two committees to be fair and transparent in
carrying their investigations.
The SSG maintained that the purpose of the
exercise is not meant to witch-hunt, explaining
that, the Managing Director and Chief Executive
of Taraba Investment and Properties Limited has
been removed while the Chief Executive of the
Taraba State Micro Finance Bank has been
suspended to help ease their job.
He emphasized that the State Government
expects them to do a thorough job and
challenged them to leave above board while
carrying out the assignment and to also present
to Government accurate data that is transparent
and acceptable, covering loans and grants
accessed by the two institutions and how they
were utilised with particular emphasis on loans
and grants that have not been accounted for.
He revealed that Government is not comfortable
with the way the two critical institutions of
Government are being managed and reaffirmed
Government’s determination to inject sanity and
efficiency in the management the revenue driven
institutions so as to be proactive and productive
and effectively live to the expectations of both
the Government and the governed positing that
the two institutions should have been better than
what they are today.
Responding on behalf of the two committees, the
Chairman of Taraba Investment and Properties
Limited, Aliyu Njeke thanked the State
Government for finding them worthy and
assured that they will work within the confines of
their respective terms of reference and said they
will not betray the confidence reposed on them
by being fair and factual.
The terms of reference of the committee that is
to look into the activities of Taraba Investment
and Properties Limited which was read by the
SSG which included, to verify 2014 loans
collected from the Banks and to justify how it
was utilised, to determine the number of houses
sold to the public and how the proceeds were
utilised, to verify into 2013/ 2014/2015
employments that were carried out and
determine the cost implication and who
authorized the such employments and to also
obtain comprehensive list of investment carried
out during the period of 2013/2014 to 2015.
The committee is to further investigate and
advise Government appropriately on how to
improve on the standard of the institution so that
it would be more friendly and vibrant for
investments in the future. The committee is
expected to complete and submit its report
within four weeks starting from today.
The Taraba Investment and Properties Limited
committee has the Permanent Secretary Ministry
of Commerce and industries as Chairman and
the members are, Polycarp Ikpi, Abraham Bagu,
Benjamin Ibitsu, Samuel Nev and Mallam Umar
Chiroma is to serve as the secretary to the
committee.
While the committee that is to investigate the
activities of the State Micro Finance Bank has the
following terms of reference, to verify how the
sum of one hundred and fifty million Naira
(N153, 000, 000, 00), that was given to the Bank
for its recapitalization was utilised, to also
ascertain how the sum of Seven hundred and
fifty Million Naira (750, 000, 000, 00), out of the
two Billion Naira (N2, 000, 000, 000, 00), granted
the State Government through the Bank and to
verify and confirm the release of one Billion, two
hundred and fifty Million Naira (1,250,000, 000,
000, 00), given to the State Government out of the
two Billion Naira (2, 000, 000, 000, 00).
Also included as terms of reference, the
committee is to verify monies accrued to the
Bank under the years under review and its
utilization, to investigate and advise Government
appropriately on how to improve the
performance of the State Micro Finance Bank in
the future and it has three weeks to submit its
report to Government from the date of
inauguration.
Hon. Fatima Hassan heads the Micro Finance
Bank committee with Cosmas Saumam, Joseph
Kachebri, and Shehu Samani as members while
Usman Alfred is the Secretary of the Committee.

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