PDP govt diverted N4bn loan – Oshiomhole

Edo State Governor, Comrade Adams Oshiomhole, has accused the administration offormer Governor of Edo State, Mr Lucky Igbinedion of diverting N4 billion bank loan.

Oshiomhole, in a statement issued by his Chief Press Secretary, Mr Peter Okhiria responding to comments made by Pastor Osagie Ize-Iyamu, the governorship candidate of the Peoples Democratic Party (PDP) on the debt profile of Edo State, said, “We make bold to state, and the facts are clear, that in spite of earning the highest revenues from the Federation Account, the PDP states in the South-South region are the most indebted inthe region and not Edo State.

“The domestic debt profile released by the DMO as at December 31, 2015,the last time it was issued, lists Delta State as having a debt profile of N320,605 billion; Akwa Ibom had N147,575 billion; Cross River: N115,522 billion; Rivers, N134,9566 billion; Bayelsa N103,374 billion as against Edo which had a far lower profile.

While the other South-South PDP States have continued to amass domestic debts with high-interest rates, Edo is close to completely liquidating its domestic debt. “While Ize-Iyamu continues to peddle his falsehood, we have the record of the N4 billion borrowed by the PDP government of Mr Lucky Igbinedion, with the knowledge of Osagie Ize-Iyamu as Secretary to State Government from Guaranty Trust Bank and Equitorial Trust Bank and paid to an address in Lagos.

“Edo people are not deceived, They know that the PDP and its sympathisers have a record of borrowing to steal and not the APC government led by Comrade Adams Oshiomhole.“

Our records are open and we run a transparent government. No amount of planted or concocted stories by hack writers will distort the facts.”

Found at: http://www.vanguardngr.com/2016/09/pdp-govt-diverted-n4bn-loan-oshiomhole/