Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,749 members, 7,817,072 topics. Date: Saturday, 04 May 2024 at 03:12 AM

Comrade Oshiomole:runing Edo State Into Debt - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Comrade Oshiomole:runing Edo State Into Debt (1707 Views)

2015 Gov Bid Plunged Me Into Debt – Jimi Agbaje / Exposed! Aregbesola's N350bn Loan Spree ...How He Has  Plunged Osun Into Debt / Differences Between Our Governor Dr. Retardeen Uduaghan And Comrade Oshiomole (2) (3) (4)

(1) (Reply)

Comrade Oshiomole:runing Edo State Into Debt by brownbonno(m): 8:34pm On Feb 16, 2010
Edo PDP accuses Oshiomhole of awarding fraudulent contracts •PDP is mischievous - Govt
| Print | E-mail
Written by Uchechukwu Olisa

The Edo State chapter of the Peoples Democratic Party (PDP) has taken the state governor, Comrade Adams Oshiomhole, to task for allegedly awarding fraudulent contracts to his cronies and obtaining of loans for unspecified purposes.

Besides, the Edo PDP called on the Central Bank of Nigeria (CBN) to examine the fiscal policy of the state government since, according to it, the debts being incurred by the Oshiomhole administration could no longer be serviced by statutory allocations and internally generated revenue (IGR).

Addressing journalists on Monday in Benin City, the chairman of the PDP in Edo state, Chief Dan Orbih, also challenged Governor Oshiomhole to disclose and make public the financial state of affairs in the spirit of accountability and the oath of office he swore when he assumed duty as governor of the state.

Chief Orbih said that apart from the N18.8 billion debt profile which the Oshiomhole administration had accumulated from November 2008 when it came into office and December 2009, the administration had, between January 2010 and now, obtained loans of N5 billion, N2.2 billion, another N5 billion from Skye Bank, Equitorial Trust Bank (ETB) and UBA Plc.
Orbih further said the state government had concluded negotiations to obtain yet another loan of N2.9 billion from FirstBank Plc. The PDP alleged that all these loans were being obtained for unspecified reasons and that if something was not done, the state’s debt profile might put the people of the state in perpetual state of debt repayment.

He further alleged that the governor gave over N20 million to some traditional rulers in Edo South to request for a constitutional position of Speaker of the state House of Assembly, adding that the government claimed it spent N2.7 billion on Auchi erosion control project, N4 billion on the design of erosion control projects in Benin City and its environs and N250 million to remove sand from gutters, all of which, he added, no visible job had been done.

But the state Commissioner for Information and Orientation, Mr. Abdul Oroh, disagreed with the PDP, saying the PDP was not just being mischievous but was also lying to the people of the state. He said while it was true that the state government was committing about N50 billion to road projects, it was not true that the government was obtaining frivolous loans.

“Some of these loans are in the best interest of the state. And the Commissioner of Finance briefed the House of Assembly on these loans and it was satisfied. We are not worried. We think the projects are appropriate, they are necessary, they are in the interest of the people. There is nothing wrong in taking loans. Governments all over the world do take loans. We are confident we are going to service the loans,” Oroh added.


http://www.tribune.com.ng/index.php/news/1399-edo-pdp-accuses-oshiomhole-of-awarding-fraudulent-contracts-pdp-is-mischievous-govt.html

(1) (Reply)

Condoleezza Rice: Presidency Is Greater Than The President / IBB Campaign Group Launched On Facebook / Dialysis Centre: Kayode Fayemi Says Ekiti People Should Thank Mtn, Not Segun Oni

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.