The Delta State governorship candidate of the All Progressives Congress (APC), Deputy Senate President Ovie Omo-Agege, has urged Fidelity Bank to halt discussions with the state government over a N40 billion loan facility.
In his letter to the bank’s management, the Deputy Senate President said there was no valid justification for the state to request the loan.
Omo-Agege said what Governor Ifeanyi Okowa should do now is to prepare his handover note.
He alleged that “in the last seven months alone, the Delta State government has borrowed over N200 billion, which it has not accounted for”.
The Delta APC candidate alleged that the state government has accumulated a debt of over N630 billion without commensurate projects to justify the borrowings.
He said: “It is, therefore, unacceptable for the governor and his agents to, on behalf of the state, approach your bank, on their knees, effusively begging for another loan. Please, ignore their entreaties and walk away from the negotiations.”
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Omo-Agege said the Peoples Democratic Party (PDP) is strapped for cash and desperately gasping for financial breath.
He added: “The governor has no intention of continuing with any ongoing projects. He has long abandoned such noble intentions.
“The impoverished people of Delta State are very tired of the Dr. Okowa-led government and cannot wait to surprise him with an outright rejection of his vice presidential bid and that of his surrogate governorship candidate of the PDP, with their ballots in the ensuing weeks.
“In my traverse across all nooks and cranny of our beloved Delta State, I have not chanced upon a mega project to which anyone can say substantial funds were committed.
“I was always moved to tears wherever I went and saw the wretchedness of the people he took oath to protect and provide for. Wherever I went, I saw suffering and denial, and was forced to ask where all our monies went.
“Records of federal remittances to the state and internally generated revenue (IGR) available to the public revealed that over N3.5 trillion had accrued to Delta over a period of seven years. And the governor, breathing over the neck of a gullible rubber stamp State House of Assembly, like Dickson’s Uriah Heep, has made the House approve loans climbing over N600 billion…”
The Nation
