Breaking News

APC faults alleged plans by Rivers gov to borrow another N10bn

By Gbenga Oke

Rivers State chapter of All Progressives Congress, APC, has faulted alleged plans by Governor Nyesom Wike to borrow another N10 billion from banks in the state, accusing him of borrowing recklessly without consideration for the present and future generations of the citizens.

The party, in a statement by the Publicity Secretary, Chris Finebone, said APC was saddened at the level of borrowings going on since Nyesom Wike took over the saddle of power in the state less than four months ago.

He said: “Till date, the governor has collected N100 billion comprising federal allocations, Internally Generated Revenue, IGR, balance in the Reserve Fund and other sundry sums left in the state’s various accounts with the banks by  May 29. The aforementioned sum is exclusive of the earlier N30 billion loans obtained from banks by the governor since he assumed office.

In total, about N130 billion has passed through the hands of the governor in three months with only a few projects of his predecessor he is completing and some cosmetic asphalting and pothole filling of some streets to show for it. If he borrows additional N10 billion from Zenith Bank, Rivers people and our next generation would have been enslaved further to the tune of N40 billion as loan before the tribunal concludes the election petition that is presently before it.”

“With the governor as Commissioner for Works, Due Process Office and Site Engineer, the world can better imagine the scam going on in Rivers State.

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.