Fresh N40bn Loan To Delta Govt At Your Own Risk, Omo-Agege Tells Banks

All Progressives Congress (APC) governorship candidate in Delta State, Senator Ovie Omo-Agege, has warned that any bank, lending institution or credit union, which lends or advances money in form of loan or otherwise to the current government of Delta State, four months to the end of its tenure, does so at its own risk.

The warning by the opposition politician in the State was contained in a statement he personally approved on behalf of the teeming supporters of APC on Thursday.

According to Senator Omo-Agege, “it has come to the knowledge of the APC and the general public that the government of Delta State is yet again negotiating a loan facility for N40 billion.

“It is our understanding that the need for such a facility has not been made public, neither has the purpose for which the credit is being sought.

“It is also to our knowledge that a Bill seeking the approval for such a facility has not been presented before the House of Assembly and neither has approval been obtained.

“Now, therefore, be it known to all banks, lending institutions, credit agencies etc that any facility, loan, credit, advancement or borrowing by any other name known, made or advanced to the government of Delta state in the course of the remaining tenure of the present administration will not be acceptable to the people of Delta State.

“The next administration and the citizens of Delta state will not be further encumbered by the rascality and profligacy of the present government.

“We state unequivocally that the state is over borrowed and the citizens will not accept the encumbrance and obligations of further borrowing.

“Any bank, lending institution, credit institution etc which lends or advances money to the government of Delta state at this time, does so at its own risk. Please be warned.”

Our correspondent was unable to get the reaction of the Delta State government as at the time of filing this report.