In 2024, the management of accounts between the State House and the AEDC was the subject of careful reconciliation. Contrary to the purported debt of N923 million initially reported by the AEDC in the newspapers, the true amount outstanding to the State House is N342,352,217.46. This information was conveyed in a letter from the AEDC management to the Permanent Secretary of State House, dated February 14, 2024.
After a reconciliation process satisfactory to both parties, the Chief of Staff of the President, the Right Honorable Femi Gbajabiamila, assured that the debt would be settled with the AEDC before the end of the week.
This clarification highlights the importance of transparent communication and rigorous financial management, thereby ensuring harmonious relationships with public service providers. These efforts to settle outstanding debts demonstrate the government’s commitment to meeting its financial obligations, thereby strengthening confidence in state institutions.
While remaining vigilant in the management of public finances, it is essential to emphasize the importance of constructive cooperation between public and private entities to ensure the efficient functioning of essential services. This reconciliation of accounts between the State House and the AEDC marks a significant step towards good financial governance, illustrating the authorities’ desire to promote transparency and accountability in the management of public resources.