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Ihedioha stops banks from honouring Imo State cheques

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The Governor of Imo State, Emeka Ihedioha, has stopped banks from hououring cheques and transrers instructions in the name of the government.

The governor’s order is contained in a statement made available to journalists on in Owerri, the capital by his Special Adviser on Media, Steve Osuji.

The governor also directed that all outstanding financial instructions already addressed to the banks in the name of the state government should also be suspended.

“Governor Emeka Ihedioha of Imo State has directed that all financial institutions that have relationship with the Imo State Government should not honour any withdrawal instruction by cheques, transfers or in any form.

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“No financial mandates, ISPOs or any form of financial instruction, should be treated.

“All outstanding financial instructions already with banks and financial institutions should be put on hold.

“This directive covers, but not limited to, all the accounts of ministries, departments, parastatals, local government councils, quasi-government agencies, and all revenue generating organs of government.

“Banks and non-bank financial institutions are to take note and ensure compliance as the state government will not be responsible for any disbursement effected contrary to this directive.

“This directive will remain in force until otherwise advised.

“Heads of government agencies, departments, parastatals, permanent secretaries and relevant officers will be held responsible for any breach. This directive takes effect immediately”, the statement reads.

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