N4Billion Loan: APC accuses Governor Okowa of mortgaging the future of Delta State

The Delta State chapter of the All Progressives Congress, has accused Governor Ifeanyi Okowa of mortgaging the future of the state following the recent approval of his N4billion loan request by the House of Assembly.

Recall, the Assembly had on Tuesday, June 29, approved the governor’s N4 billion requests for a credit facility from Zenith Bank.

In his letter to the House, Okowa had explained that the loan was to enable his administration complete ongoing people orientated projects.

However, the opposition APC, in a statement signed on Sunday by its state caretaker Publicity Secretary, Sylvester Imonin, said, “The N4bn loan was not only approved hastily but was done in a commando style without any due diligence or questioning by the House of Assembly of the sincerity and purpose of the loan.

“Delta APC and most Deltans are worried because the said approved loan was not tied to any specific project (s)

“The projects to be funded with the loan were not mentioned, yet the ‘Honourable members’, without raising eyebrows and ensuring that they act in the best interest of Deltans, quickly approved the same. What an amalgam of people! A rubber stamp legislature at best.

“Information at the disposal of Delta APC is that the approved loan is to be used to fund the buying of utility vehicles, and financial inducements to some politically unstable Deltans that the PDP led-government of the State wants in the PDP at all costs.”

The APC further said, “The future of Deltans and generations yet unborn cannot continue to be mortgaged because of the greed of a few in Government circles.”