Wike’s plan to borrow N100b from various banks exposed

Wike’s plan to borrow N100b from various banks exposed
...Seeks loans in tranches of N10b, N20b, N30 & N40b

The All Progressives Congress, APC, Rivers State Chapter has uncovered
a strategic plan by Governor Nyesom Wike to obtain loans totalling
N100b in the few months he is expected to be in power as the governor
of Rivers State thereby plunging the state into an abyss of debt and
economic servitude.

The Spokesman of the APC, Chris Finebone who made this known in a
statement said, according to the plan, the governor plans to collect
the said amount in tranches of N10b, N20b, N30b and N40b within a
period of two months.

The statement read:

Meanwhile, within the past two weeks, Governor Nyesom Wike has already
sought and gotten the approval of his lap-dog Rivers State House of
Assembly to obtain N10b and N20b loans from Zenith Bank PLC and Access
Bank PLC respectively.

Information we are privy to strongly indicates that the governor and
his men have started negotiation with Heritage and Eco Banks to obtain
another loan of N30b in the coming week or so. This will bring the
total amount of loan obtained by the embattled governor to N60b in
less than 45 days as governor of Rivers State.

The APC can only agree that the good people of Rivers State have ended
up in the notorious Lagos buses used in robbing unsuspecting citizens
popularly called ‘one chance.’ With the short-term Wike-led government
of Rivers State, indeed, we have all entered a ‘one chance’ bus.

Seriously speaking, it boggles the mind that a sitting governor of a
state will embark on such wanton collection of loans by selling the
dummy of completing projects to innocent Rivers people without
consideration for the long-term negative economic implication of
mortgaging the future of the state.

Again, what the ensuing debacle has confirmed is that this government
has no concrete plan of its own prior to inauguration especially if
the Governor who should be the chief executive officer of the state
only recently set up a Steering Committee on Development of Blue Print
for Rivers State Government. The question then is: what was the
strategic plan of Barr. Nyesom Wike for seeking to govern Rivers
State?

The APC would like to state that beyond the dummy of borrowing to
complete projects which the governor has been selling to Rivers
people, the real intention of Governor Wike’s reckless borrowing is to
provide funds for his cronies who have started showing signs of
disenchantment and the need to deepen his war chest preparatory to a
re-run election that is looming.

Sadly enough, the governor’s obscene borrowing spree is mortgaging the
lives and future of the present generation and generation yet unborn
to years of economic servitude. As long as the scheme of this governor
succeeds, we all and our children yet unborn will be eternally tied to
the apron-strings of those cavalier banks that are conniving with the
governor while he walks free after being sent packing as governor in a
few months’ time.

For the APC, the matter is graver than the governor probably knows.
Governor Nyesom Wike should not spend the future of our generation and
that of our unborn children in advance. And for the unborn generation,
it will amount to robbing them of their existence which the governor
does not have a right to because it will be within their human rights
to demand reparation by which time the perpetrator may not be around
anymore.

ENDS

© Scoop Media