All Progressives Congress has urged banks in Rivers State not to give Governor Nyesom Wike’s administration any loans because he is obtaining loans for expenditure without any projects attached.
Rivers APC in a statement said “The period of sharing Rivers State money among some unscrupulous politicians ceased since 2007 and cannot be reintroduced through the back door.
“In what is clearly a tale of the absurd, Wike’s rubber stamp State House of Assembly has approved a whopping sum of N30bn within 30 days for expenditure without any project attached.
“Apart from this N30bn, the administration of Rt. Hon. Chibuike Amaechi left the sum of N7.5bn plus the N23bn released to the state from the Federation Account and Internally Generated Revenue, making the total funds available for Wike to squander over N60bn within 30 days.”
The state Commissioner for Housing, Mr. Emma Okah, while reacting to the statement said “There is absolutely no truth in what they are saying. They are ignorant of the truth. His Excellency (Wike) only collected N10bn, which he attached to various projects made known to Rivers people.
“They want to divert attention from the revelation of their misappropriation of Rivers’ resources trusted to their care. This government cannot be ruffled by their unsubstantiated allegations.”