As the tenure of the Delta State Governor, Ifeanyi Okowa, inches to an end, there seems to be gloom in the land over his continuous borrowing.
The present generation of Deltans may have started licking their wounds from the huge financial burden inflicted on them by the Okowa-led administration.
They are worried as to the ugly story they have to tell their children and those yet unborn. And the story is where they were when Okowa plunged the state into the huge financial debt.
Presently, the state is reportedly indebted to the tune of about N850 billion.
More worrisome, is the way and manner in which the Sheriff Oborevwori-led Delta State House of Assembly (DTHA) approves Okowa’s request for loan without debate.
Oborevwori, is Okowa’s “Houseboy”, whom he (Okowa) wants to succeed him after imposing him on Deltans as the candidate of the Peoples’ Democratic Party (PDP) in the next election.
On Thursday January 26th 2023, news filtered into town that Okowa has written to the House, requesting the approval of the State House of Assembly, to borrow N120 billion.
Of the said amount, N100 billion is to be borrowed from a new generation bank allegedly owned by Okowa, Premium Trust Bank on Maryam Babangida Way while the balance N20 billion would be drawn from Fidelity Bank.
Checks revealed that the Oborevwori-led House, gave its nod within 28 minutes of proceedings as there was no debate on what the loan is to be used for, projects to be implemented or programs listed for financing.
There was also no public engagement or information on a loan procured in the name of the Delta public.
It was gathered that for the governor to get the expedite and express approval of the House, the members, it is alleged, would get a takeaway of N300 million each.
