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Gov. Okowa Set To Borrow Another N10 Billion From The Bond Market

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senator-2Bifeany-2BokowaGovernor Okowa of Delta State is set to borrow another loan again, thereby plunging the state into more debts in the name of tackling infrastructural decay in the State.

As gathered by unviversalreporters247.com, the governor is already his way to the bond market to borrow another N10 billion naira loan.

Meanwhile, it will be recalled that the Governor had collected a N10 billion naira from Zenith Bank, when he took office as Governor.

For a governor that, claims the state is highly indebted, he is seen going ahead to plunge the state into more debts.

It will be recalled that the APC leadership accused the governor of being disingenuous when he made the statement of the financial mess he allegedly inherited from his predecessor, Mr. Uduaghan and member of his Party, the PDP during the period when he collected the first N10 bilion loan from Zenith bank.

According to APC then, in a statement, signed by its Media Adviser, Barr. Martins Mukoro, the Party described Okowa’s attempt to shed crocodile tears over the huge debt profile of the State totalling over 600 billion Naira his predecessor left behind as embarrassing and insulting to the sensibility of Deltans.

According to the Party, Okowa is crying wolf to divert attention in order to lay the foundation for more borrowing which would plunge the State deeper into a financial disaster.

“The APC recalled having earlier forewarned Deltans that Okowa represented no change but more of the same of PDP’s 16 years of misrule.”

Governor Okowa served as Commissioner multiple times under Governor Ibori and also served as Secretary to the Uduaghan administration that accumulated the massive debts.

“He has no moral excuse to attempt to distance himself as if he was an onlooker or bystander while the  state was being wrecked. Okowa was not an onlooker but a key participant and a major co-conspirator and he is in no position to rescue Delta from the mess created by him and the past PDP Administrations,” the statement read.

The Party therefore urged all Deltans to brace up for the change that has been delayed and get ready to seize the opportunity of the expected re-run that may soon be ordered by the ongoing elections tribunal.

Universalreporters247.com learnt that Okowa maynot find it easy with the State Lawmakers when it comes to seeking approval for the loan he is seeking to collect form the bond market, as the loan taking is subject to approval from the State House of Assembly members.

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