Barely five months to the expiration of the Dr. Ifeanyi Okowa-led administration in Delta State, the debt profile of the state has rose from N378 billion to N657 billion with the latest approval by the Delta State House of Assembly (DTHA), under Sheriff Oborevwori, a stooge of Okowa, to borrow a whooping sum of N266.7 billion in less than seven months after the government obtained a N175 billion loan, which it claimed would be spent on some key projects.
The publisher of SecretReporyers, Fejiro Oliver, said before Okowa would finally leave as governor, the debt profile of the state, may stand at N1 trillion if nothing was done about the borrowing sprees of the state under Okowa.
Fejiro Oliver, in a facebook post he christen ‘Cry yourself Rivers of blood Deltans”, revealed that the N266.7 billion would be spent in just 11 days.
Meanwhile, the governorship candidate of the Social Democratic Party (SDP), in Delta State and largest private investor, Olorogun Barr. Kenneth Gbagi, OON has warned commercial banks operating in the state to stop further loaning of more monies to the outgoing Peoples’ Democratic Party (PDP), government led by Dr. Ifeanyi Okowa.
He warned the banks not to connive with Okowa, whose administration ends in 2023, against mortgaging the future of the state by incurring additional loans to the already existing one running into billions of naira.
The warning is on the heels of alleged directive by the state governor through the state accountant general for all leading accounts in Ministries, Department and Agencies (MDAs), in the state to be moved to Premium Trust Bank purportedly operated by his family and friends.
Gbagi raised the alarm on Saturday November 26th 2022, at a town hall meeting with Christian Association of Nigeria (CAN), in the three local government areas in Ndokwa nation comprising Ndokwa east, Ndokwa west and Ukwauni local governments in Obiaruko.
See Fejiro Oliver’s Post
A governor took loan of N266.7 billion that will be spent in just 11 days in the name of supplementary budget
The loan was approved in 10 minutes record time
They had to do so
Why????
The Delta State House of Assembly who approved will collect 10% of that supplementary budget alleged a source to me.
Yes
Cool N26 billion to be shared among them
Each lawmaker is N800 million richer
N800 million to be used to prosecute election next year
Principal officers are N1.2 billion richer
If your lawmaker comes home for Christmas, your money is with him
He has no right to close his gate till election period
Delta State account bleeds… Okowa is on a merciless looting
Loans by him now stands at N657 billion
The highest in Nigeria
And when I say Okonkwo Judas Okowa, the betrayer of the South is no good
His dogs bail for my blood
Lemme be the lone voice shouting against this new loan
I won’t stop
Let history vindicate that in my time I shouted
I told the world and Deltans that Governor Ifeanyi A. Okowa and his candidate MUST not be voted into power by Deltans
Else we are in for MORE loans disguised as supplementary budget
Else we are in for more cover up
Okowa seeks a man who will cover these monumental corruption and wanton looting
Just N350 billion more
And we hit the record of N1 trillion debt
And yes
Okowa will hit it… the signs are clear
Election na your mate?
Okowa is a bad boy 👦, a dangerous boy
Fejiro Oliver
#FejiroOliver #FO
