Connect with us

Politics

Oshiomhole, a drowning man, says Edo PDP

Published

on

Edo State chapter of the Peoples Democratic Party (PDP) has taken a swipe at the state’s governor, Adams Oshiomhole, over his comment that he sought $75m loan from World Bank because the party looted the state treasury, saying it was ‘a statement of a drowning man’.
The party also wondered why the governor should seek loan when he has not even accounted for the first tranche and other loans he has “prodigally requested for and squandered”.
The PDP noted that when Oshiomhole took over as governor in November 2008, the debt profile of the state was less than N5b but today it stands at a whopping N250b being loans from the world bank, capital market and other financial institutions.
Oshiomhole, had said that his government was forced to take a $75 million development loan from the World Bank, because the Federal Government under the PDP in 16 years had looted the nation’s treasury and pauperized the states.
But the state PDP in a statement signed it Publicity Secretary, Chris O Nehikhare, said “He should be ashamed to talk about Edo State debt because he has mortgaged the future of our state”.
The party added that all through his tirade against the last PDP Federal Government, Oshiomhole did not explain or account for the N712b his administration received in the last six and half years.

You may also like: Edo PDP wants EFCC to prosecute Oshiomhole

“He kept mute on why even though he claims that EDSG invested in the Azura Power Plant project and listed as one of the project on the N25b loan sourced from the capital market, Edo state is never mentioned as an investor or shareholder in any prospectus especially the one International Finance Corporation, IFC, used to mobilize $212.5m for the project.
“In the new spirit of change and transparency, the comrade governor should come out and tell us if he invested on our behalf or on his behalf”, the statement added.
The party explained that it was not against the loan but its “problem is with the manager, Governor Adams Oshiomhole, who cannot be trusted with Edo state funds and resources as he is reckless and unaccountable”.

RipplesNigeria… without borders, without fears

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now