N150 BILLION LOAN: N90 Billion Earmarked For 2023 Elections, Oliver Alleges

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As Deltans are yet to come to terms with the reality of a whooping sum of N150 billion to be borrowed by the Dr. Ifeanyi Okowa-led administration, Fejiro Oliver, has alleged that out of the money, the sum of N90 billion has been earmarked to prosecute the 2023 elections in the state.

Oliver alleged further that the remaining money has been allocated to pay contractors mainly from Ika and “government house aides contractors”.

He revealed that in the payment schedule sent two weeks ago, only the governor’s boys were there to be paid.

Oliver in a recent post, wrote: “Remember I wrote that Gov. Okowa will leave Delta State with over N700 billion loan.

“I wrote it because I’m aware of the plans to collect N150 billion loan to join the over N400 billion he has already plunged the state into.

“The Government is not saying the truth about this loan.

“During the EXCO meeting in March for the loan discussion, they said that the State government has the money in FG account around and leaving it there will make it depreciate hence they should spend it.

“Why not convert the N150 billion to dollar and put in the state savings account so it does not depreciate.
Many of the Commissioners were very angry for such step while the SSG, Patrick Ukah was jubilating cus of what will get to him and his office.

“The unknown truth however is that N90 billion from that money will be used to fight 2023 elections.

“The remaining money has been shared already to pay contractors mainly from Ika and Government house aides contractors.

“In the payment schedule sent two weeks ago, only the governor’s boys were there to be paid. Delta State is bleeding.

“Sadly enough, the State House of Assembly will approve it on May 10th without debate and Jim Ovia who is from Ika will tell Zenith Bank to give them after collecting 7% interest rate. Delta State is finished”, Fejiro Oliver, added.

It would be recall that Oliver had written that the Delta State Government will leave office with a debt of over N700 billion.

At press time, text message sent to the Chief Press Secretary (CPS) to the governor, Olisa Ifeajika, was not replied.

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