Home Politics Omo-Agege warns banks against loan for Delta govt, kicks against from N40b facility

Omo-Agege warns banks against loan for Delta govt, kicks against from N40b facility

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The Delta State governorship candidate of the All Progressives Congress (APC), Senator Ovie Omo-Agege has warned that any bank, lending institution or credit union which lends or advances money to the state government four months to the end of its tenure, does so at its own risk.

Having served the maximum two terms of four years each, Governor Ifeanyi Okowa will give way to another administration on 29th May, this year.

According to a statement by the Director of Communications and Media Strategy of the APC governorship campaign council in the state, Olorun Ima Niboro, the warning by Omo-Agege, who is the incumbent Deputy President of the Senate, was contained in a statement he personally approved “on behalf of the teeming supporters of APC and the generality of the people of Delta State”.

Omo-Agege said: “It has come to the knowledge of the All Progressive Congress, APC, and the general public that the government of Delta state is yet again negotiating a loan facility for N40 billion.

“It is our understanding that the need for such a facility has not been made public, neither has the purpose for which the credit is being sought.

“It is also to our knowledge that a bill seeking the approval for such a facility has not been presented before the House of Assembly and neither has approval been obtained.

“Now therefore be it known to all banks, lending institutions, credit agencies etc that any facility, loan, credit, advancement or borrowing by any other name known, made or advanced to the government of Delta state in the course of the remaining tenure of the present administration will not be acceptable to the people of Delta state.

“The next administration and the citizens of Delta state will not be further encumbered by the rascality and profligacy of the present government.

“We state unequivocally that the state is over borrowed and the citizens will not accept the encumbrance and obligations of further borrowing.

“Any bank, lending institution, credit institution etc which lends or advances money to the government of Delta state at this time, does so at its own risk. Please be warned”.

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