Timipre Sylva Reportedly Broke, Sells Properties In Lagos, Abuja To Fund Bayelsa Guber Election

Indications emerged on Saturday that the Bayelsa State governorship candidate of the All Progressives Congress (APC), Timipre Sylva, is broke and may have resorted to selling his properties to raise funds ahead of the December 5 election.

A source privy to the development who played a major role during the last governorship primary where Sylva emerged candidate confirmed to POINTBLANKNEWS that it was a desperate move to keep his campaign going and probably make some impressions during the race.

According to him, since then, most of the funding of the campaign had been undertaken by Sylva as other key players who could have assisted were said to have distanced themselves from him because of alleged betrayal.

“Timipre Sylva is broke, now flat, but there is hope very soon”, the source who craved anonymity declared.

Sylva was said to have initially told most governorship aspirants that he was not running and actually collected huge sums of money from at least six persons with the understanding that he will make them the APC candidate only to turn around as aspirant and eventually maneuvered the electoral process to clinch the ticket.

This, it was further gathered, had sowed the seed of discord between Sylva and the other former aspirants who are believed to be engaging in a ‘sidon look” attitude towards the election.

“Running a governorship election is money consuming and in the current circumstance of the APC in Bayelsa State, Sylva would have to take every step that could fetch needed funds including selling his properties”, the source emphasised.

Another source who also pleaded anonymity revealed that the liquidity crunch in the campaign was further compounded because of the feeling among some influential persons whom Sylva had earlier contacted but who were said to be less enthusiastic about the governorship project on the understanding that Sylva may likely lose the election and afraid about how they could recoup their money.

One of such financiers who lives in Lagos was said to have been promised the ministerial slot for Bayelsa State but was curiously replaced by
Senator Heineken Lokpobiri.

The source said Sylva’s burning desire to become the candidate was informed by the notion that once he picked the ticket, he will get massive financial support from the APC-led Federal Government but now a day dream as President Muhammadu Buhari was not ready to dip hands into the treasury to fund the campaign.

A reliable source at the Aso Villa in Abuja who corroborated this development said all efforts to get the president to direct release of
funds to back Sylva’s campaign have failed as the president might have felt a moral burden over corruption charges against Sylva before the EFCC.

Sylva’s key supporters in the Presidency who actually played strategic roles in his emergence as APC candidate were also said to have advised him to seek alternative sources of funding.

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