'We borrowed reasonably to finance projects' -- Okowa denies taking N850bn loan | TheCable

  • 📰 thecableng
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

‘We borrowed reasonably to finance projects’ — IAOkowa denies taking N850bn loan | TheCable

Ifeanyi Okowa, governor of Delta, says since he took office in 2015, his administration has borrowed reasonably to finance projects.The governor also dismissed allegations that his government borrowed N850 billion.

He said his administration had only requested a bridging-finance facility of N150 billion from a consortium of banks — with the approval of the house of assembly — to address the N217 billion owed to the state by the federal government.Okowa explained that the requested amount was later reduced to N100 billion, with proper recourse to the house of assembly.

He added that the government had received N91 billion of the requested sum, which had been put to use. “The rumour that we have borrowed N850 billion was a lie from the pit of hell. It is unfair for anybody trying to be the governor of the state to deceive the people. We have structured our finances with superior thinking. When we borrowed money, we borrowed reasonably to finance our projects,” he said.“We have constructed over 2,000 kilometres of roads in the state. We have constructed a lot of bridges and we are still constructing more.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

IAOkowa Which projects?

IAOkowa Zzm

IAOkowa He is right. Okowa borrowed loans to finance 'Atiku's presidential bid project.' Let's not forget that contesting for presidency can also be tagged as 'project'. Deltans need not be fooled.

IAOkowa Dis Okowa is very Corrupt

IAOkowa Did you also borrow reasonably to finance your joint ticket with Atiku Abubakar for this year's Presidential Elections? Deltans will be interested in you coming clean with them on this.

IAOkowa This guy likes to snap pictures & feeling himself but immediately he laughs the whole cruise shatters

IAOkowa See them...

IAOkowa U never see anything

IAOkowa 😂😂😂😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines