•Receives Assembly Approval  

Less than 7 months after obtaining a N40billion loan from the banks to build a Cargo Airport that is also sponsored by the Federal Government, Bayelsa State Governor,  Hon. Henry Seriake Dickson has concluded plans to seek an additional N25billion loan facility.  

The revelation is contained in a Letter the governor wrote to the Bayelsa State House of Assembly seeking their approval, which was read by the speaker Rt Hon. Friday K. Benson during Thursday’s sitting that was broadcasted live on the State owned Glory FM.  

SAYELBATIMES.COM recalls that the Bayelsa state Government under Mr Dickson had also previously obtained a 60 million Euros (N13 billion) foreign loan from Poland -which he insisted was a “Tied Direct Aid, (TDA)” – for a Maritime Academy in Brass Island in September 2013. Up to this moment, the Academy has not been built.     Gov. Dickson told Bayelsa lawmakers that the new N25bn was sought to enable his government complete some ongoing projects in the state.

Among the projects highlighted in the Governor’s request Letter were: the ogbia-Nembe-Brass Road, the Sagbama-Ekeremor road, the Yenagoa-Oporoma road, the New Yenagoa Gateway-Igbogene road, the Yenagoa Ring-Road, the Opolo-Elebele road, the Isaac Boro road, the 500 bed Melford okili Memorial Hospital,  Oxbow Lake Tourism pavellion, etc.   The Bayelsa Lawmakers unanimously approved the Governor’s loan request which the Leader of the House Hon. Peter Akpe  and a few others described as long-overdue.  

Meanwhile,  Bayelsans have been reacting to the loan, descibing it as part of plans by the Dickson Administration to further mortgage the future of the State.

Read More at www.sayelbatimes.com/bayelsa-gov-dicksons-shops-for-n25billion-loan/ © Sayelba Times

Hmmmm

the amounts mentioned in this thread are scary...

Ok

Governor Dickson is out to bankrupt Bayelsa state. EFCC were art thou? He hasn't even given account of how he utilized the previous loans.

dmoville:
Governor Dickson is out to bankrupt Bayelsa state. EFCC were art thou? He hasn't even given account of how he utilized the previous loans.

aaaaaaa izon!