The Times reports that "120 million cedis Poverty fund Vanishes from Bank." The core of the story is that 120m cedis of the district Assembly common fund meant for poverty alleviation in the Tamale Municipality is said to have disappeared from the special account of the municipal assembly at the Agricultural development Bank.
A source at the Assembly said the Common Fund and Poverty Alleviation files, as well as some office equipment, could not be located when the new Municipal Chief Executive, Mr Mohammed Alhassan took office on March 1.
Mr. Alhassan is reported to have rejected a verbal handing over by his predecessor, Alhaji A.Y.M.B Ibrahimah and insisted on handing over notes duly signed by both of them.
The assembly member for Salamba Electoral area, Mr. Bashars Alhassan Daballi, attributed such problems to the practice of nominating new chief executives, while the incumbents were still in power.
He alleged that most of the assembly's funds were depleted between the periods of the nomination of the new chief executive and the day before the handing over.
Mr. Daballi called on the Regional Minister to institute a probe into all assemblies where new district chief executives have been appointed.
