Delta APC tackles Okowa over fresh N4bn loan

The Delta State chapter of the All Progressives Congress, on Sunday, accused Governor Ifeanyi Okowa of mortgaging the future of the state following the recent approval of his N4bn loan request by the House of Assembly.

Recall, the Assembly had on Tuesday, June 29, approved the governor’s N4 billion requests for a credit facility from Zenith Bank.

In his letter to the House, Okowa explained that the loan was to enable his administration complete ongoing people orientated projects.

However, the opposition APC, in a statement signed by its state caretaker Publicity Secretary, Sylvester Imonin, said, “The N4bn loan was not only approved hastily but was done in a commando style without any due diligence or questioning by the House of Assembly of the sincerity and purpose of the loan.

“Delta APC and most Deltans are worried because the said approved loan was not tied to any specific project (s)

“The projects to be funded with the loan were not mentioned, yet the ‘Honourable members’, without raising eyebrows and ensuring that they act in the best interest of Deltans, quickly approved the same. What an amalgam of people! A rubber stamp legislature at best.

“Information at the disposal of Delta APC is that the approved loan is to be used to fund the buying of utility vehicles, and financial inducements to some politically unstable Deltans that the PDP led-government of the State wants in the PDP at all costs.”

The APC further said, “The future of Deltans and generations yet unborn cannot continue to be mortgaged because of the greed of a few in Government circles.”

Check Also


Coding boot camps have cropped up across Nigeria to fill the growing demand for developer …

FG Spends N13.17tn On Debt Servicing

The Federal Government spent nothing less than N13.17tn between 2016 and March 2022 under the …

Heavyweight Rematch: Joshua Maintains Weight, Ready For Usyk

British boxer Anthony Joshua weighed in more than 10 kilos (22 pounds) heavier than defending …

Leave a Reply

Your email address will not be published.