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Group Petitions Anti-corruption Agency, EFCC Over Delta Govt’s Controversial N150b Credit Facility



Governor Ifeanyi Okowa of Delta State

The group, ‘Concerned Nigerians’ has petitioned Nigerian anti-corruption agency, Economic and Financial Crimes Commission (EFCC) over the recent controversial N150 billion naira “bridging finance” facility approved for the Delta State Government by the state House of Assembly.

BIGPENNGR reports that there have been flurry of reactions over the credit facility with the latest coming from the ‘Concerned Nigerians’ group, calling on the EFCC to immediately launch investigation into the purported loan which they described as ‘a last minute looting by the state government to fund elections’.

Convener of the group, Deji Adeyanju, in a petition addressed to the Chairman of the anti-graft agency, Abdulrasheed Bawa, claimed that it has become a practice for state governments to obtain huge loans under the guise of public interest but subsequently divert it into private pockets.

A statement made available to newsmen by the group reads: “We write this petition in our capacity as a pro-human rights and anti-corruption group, seeking the urgent investigation of the Delta State Government, over its attempt to loot the N150 billion loan recently approved by the Delta State House of Assembly.

“At a time when the nation is engrossed with the commencement of electioneering process leading to the 2023 election, it is alarming to note that the Delta State government has initiated and secured the approval of the House of Assembly to obtain a humongous loan of N150 billion.

“Curiously, this loan has been approved just few weeks to the primaries of the Peoples Democratic Party (PDP), where Governor Ifeanyi Okowa is rumoured to have a vice presidential ambition. We are, therefore, constrained to ask: What is the purpose of this loan?

“In recent times, it has become a practice for state governments to obtain huge loans under the guise of public interest but subsequently divert same into private pockets. We recall that just few months ago, the Kogi State government obtained a similar loan with a view to paying workers’ pension/salary but subsequently diverted it into a private account. It took the intervention of your Commission before the money could be returned to the Central Bank of Nigeria.

“It is on the basis of the foregoing that we believe that the N150 billion loan sought to be obtained by the Delta State government is an attempt at last minute looting. Sadly, the House of Assembly who should ordinarily investigate this loan and protect the citizens is in bed with the executive arm and has turned a blind spot.

“We, therefore, call on you to investigate this loan, trace the money and ensure that same is not channeled towards any purpose other than people’s-oriented projects.”


BIGPENNGR recalls that Governor Ifeanyi Okowa of Delta had on Thursday at the quarterly media briefing at the Press Centre, Government House, Asaba, said that the N150 billion “Bridging Finance” facility was not a fresh loan but an advance from the N270 billion owed the state by the Federal Government.

He said that the N150 billion had been tied to projects embarked upon by his administration and his predecessor, explaining that the reason people questioned the approval of the facility by the House of Assembly was due to lack of information.

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