Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Rivers outlines AfDB loan spending

10 July 2014, 06:40

Rivers - Rivers State government has denied accusations it planned to use the loan secured from the African Development Bank (AfDB) to fund Governor Rotimi Amaechi’s 2015 election campaign.

In a statement, State Commissioner for Information and Communication, Ibim Semenitari, said the money was for development projects in the state.

He said the People's Democratic Party (PDP) reports the funds would be for Amaechi’s use were "mischievous" and "misleading."

“The Felix Obuah faction of the Rivers State chapter of the People's Democratic Party (PDP) issued a misleading and mischievous statement accusing the Rivers State Government of taking a new loan of US$280 million.

The release, which was a tissue of lies, claims that the Rivers State Government tabled a fresh request for loan before the Rivers State House of Assembly.

The PDP also claims that the loans were to enable the Governor source money for 2015 elections and to sponsor the All Progressives Congress (APC),” Semenitari stated.

Denying all allegations made by the PDP on the loan, the commissioner said the Amaechi administration took its insistence on transparent and accountable governance.

“It would therefore continue to put out the facts of the matter as it concerns the finances and economy of Rivers state for its employers (the Rivers people) to see.”

Semenitari thanked the Rivers people for the confidence they have reposed on the present government and for always seeking clarification when such issues arose.

“We are thankful for these engagements and wish to assure you that the Rotimi Amaechi-led administration will never take your loyalty for granted nor breach this sacred trust, which you have reposed in us.

The finances of our state are in the most credible hands, and we will ensure that they are used only to secure the lives of our present and future generations in our Rivers of Possibilities,” she said.

– CAJ News

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...