Don’t Give Wike loan,He Squanders N60B in 30 Day..Rivers APC To bank

The Rivers State chapter of the APC has advised banks in Rivers State not to give loans to Governor Nyesom Wike’s administration.

In a statement issued in Port Harcourt on Thursday by the State Party chairman,Davies Ikanya, Explaining that the current administration in the state will lavish such loans on frivolities, the APC accused Wike of squandering N60bn within 30 days, amounting to N2bn per day.Apart from this N30B, the administration of Rt. Hon. Chbuike Amaechi left the sum of N7.5B, plus the N23B released to the State from the Federation Account and Internally Generated Revenue (IGR), making the total funds available for Wike to squander over N60B within 30
days,” Ikanya 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.”

But the state Commissioner for Housing, Mr. Emma Okah, who rose in defence of Wike’s administration, described the allegations as unsubstantiated.
He 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.”

Punch