“No sooner Gov. Nyesom Wike was once sworn in as governor of Rivers State than he embarked on indiscriminate borrowing at cut-throat rate of interest from Nigerian commercial banks. The borrowing spree was once conducted regardless of the fact that the matter of the All Progressives Congress, APC, Governorship Candidate, Dr. Dakuku Peterside contesting the emergence of Gov. Wike was once nonetheless subsisting in courtroom” said Mr. Chris Finebone, APC’s Publicity Secretary in a observation in Port Harcourt, Rivers State.
The statement referred to that Gov. Wike’s borrowing extravaganza got a daunting dimension as soon as he bought a favourable Supreme court docket judgment putting forward his emergence.
“while Gov. Wike engaged in his borrowing bonanza, the Rivers State Chapter of All Progressives Congress, APC, persistently raised the alarm that the governor used to be borrowing away and mortgaging the way forward for Rivers people cautioning him to have a rethink. alternatively, all our recommendation used to be brushed aside by the governor” the statement stressed.
Mr Finebone recalled that, “exactly on the first of July, 2015 the APC uncovered and raised the alarm that there used to be a strategic plan by Governor Nyesom Wike to acquire loans totalling N100b within the few months he used to be expected to be in power (in case he lost on the courts because the governor of Rivers State) thereby plunging the state into an abyss of debt and financial servitude.
“APC warned that the good folks of Rivers State had ended up in the notorious Lagos buses utilized in robbing unsuspecting citizens popularly called ‘one chance.’”
“On each get together, the governor supplied future state month-to-month allocations from the federal executive as collateral safety unfold in opposition to less than 40 months of his 48 months tenure. When the governor exhausted the federal allocation window, he was forced to make use of future dividend income to the state from Indorama Petrochemical company, Eleme as but any other collateral security. The governor best stopped after borrowing over N100b and will now not to find any longer collateral security to obtain additional loans.”
“instead of protecting it trustworthy with Rivers folks by way of acknowledging that he has future, the governor, looked into the eyes of men of God that surrounded him on the Synod of Anglican Diocese of Etche on Sunday and told them what can pass as essentially the most daring white lie of the century when he accused the Buhari administration of lowering his govt’s month-to-month federal allocation so as to undermine his administration. We ask: Is it that Gov Wike forgot what came about? Did he think now we have all become so silly that now we have forgotten that he actually borrowed away Rivers State month-to-month allocations prematurely?”
The APC prompt Gov. Nyesom Wike to be careful where he takes his dishonest campaigns to particularly the house of God.
“He should apologise to Rivers folks particularly the youths who he has spent their future despite repeated warnings from the APC” the observation eventually suggested.