The All Progressives Congress (APC) candidate for the Edo State Governorship election, Pastor Osagie Ize-Iyamu, has raised the alarm that Governor Godwin Obaseki is shopping for N20 billion from financial institutions to pursue his desperate second-term in office.
Ize-Iyamu in a statement by Mr. John Mayaki, the Director of Communication and Media of his Media Campaign Organisaton, which was obtained in Benin City, condemned what he described as Obaseki’s short-sighted and irresponsible indebtedness of the state for desperate and personally-beneficial political activities.
“After draining the state treasury with his corrupt N15 billion payout to the PDP tax-collectors for the party’s ticket, it has come to our notice that Governor Obaseki is now scurrying around to embark on another borrowing spree with a planned N20 billion bond loan from some financial institutions.
“We find it shocking that after the many tribulations Obaseki’s directionless and incompetent administration has caused in Edo State, the Governor is hatching fresh plans to mortgage the future of the state and her youths with additional loans to fund his desperate political agenda to foist himself on the people for another four years.
“It is therefore heartless, irresponsible, and unconscionable for such a man to even conceive obtaining another loan in the tune of N20 billion for his political godfathers in the PDP who are cashing in on his desperation and lack of integrity.
“We want to warn all financial institutions to honor the age-long freeze practice observed during election seasons and possible change of government and not grant any loan to the Obaseki who appears to now be on a mission to completely sell-out our state and the future of our youths.
“We are also alerting the EFCC, ICPC, CBN, and other financial regulatory bodies to pay close attention to what is going on in Edo State.”