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APC opposes more loans to Rivers government

20 May 2016, 20:42

Abuja - The All Progressives Congress (APC) in the Rivers State has called on federal government authorities to enforce the upkeep of taxpayers’ money following allegations the Rivers government had applied for loans amounting to N10 billion.

The party fears the administration of Governor Nyesom Wike will improperly spend the money.

APC reported Wike on Thursday sought and received approval by the Rivers State House of Assembly to obtain yet another N10 billion loan from a commercial bank, adding that while reasons (albeit superficial) were given for the loans in the past, this time no reason was attached to the loan request before the Assembly approved it.

Also read: Senate seeks probe of $40m loan to aviation industry

“We condemn this action by the governor. We do not understand why the governor of a richer state like Akwa Ibom chose not to provide such imprudent benevolence to the PDP,” APC regional spokesperson, Senibo Chris Finebone, said.

“The APC also calls on the Hon. Minister of Finance, the Federal Accounts Allocation Committee and all other relevant entities to strictly enforce regulations that protect the peoples’ money from the shackles of shylock governors like Chief Nyesom Wike.”

Finebone alleged the governor had obtained loans amounting to N90 billion since assuming power in 2015.

“No governor should be allowed to mortgage the future of the people the way Gov. Wike is doing,” said Finebone. 



- News24


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