APC condemns Enugu government’s N11bn loan

The All Progressives Congress, Enugu State Chapter, on Sunday condemned what it described as the “secrecy” that surrounded a recent N11bn loan approved for the Governor Sullivan Chime-led administration by the Enugu State House of Assembly. A statement by the party’s publicity secretary in Enugu State, Mrs. Kate Offor, said the state assembly, which was supposed to resume from its ongoing recess on December 4, “hurriedly went into secret sitting at the hallowed chambers, barricaded the press and in hushed tunes approved N11 billion loan for Governor Chime.
    According to the records of the house of assembly, the said loan, which was made up of the sums of N1bn and N10bn, respectively, from UBA Plc, was meant to re-finance facility from GT Bank, and fund infrastructural projects in Enugu State. But the APC alleged that the loan was in fact meant for the 2015 elections.
“On further inquiry, we found out that they mangled the fact that the loan is 2015 general election-motivated by dishing out the lame excuse that the loan is to enable Governor Chime’s administration complete ongoing projects and also offset previous loan facility obtained from a new generation bank, which interest rate was jerked up astronomically,” the Enugu State APC said.
   Describing the reasons for the loan, as stated in the house records, as “sheer unimaginable falsehood,” the APC asked.
“If the loan is for public good, why the secrecy in the sitting of the house and hurried approval of the loan?
“Is the ongoing project the white elephant state secretariat?
“What are the title of the projects upon which the previous loans were obtained?
“Why did they deny the good people of Enugu the details of the loan?”
Continuing, the APC said, “It is our candid view that the loan is meant to rig the 2015 general elections, and allegedly retirement benefit for Governor Chime; for the budget information at our disposal has it that N500m is earmarked for disbursement to each local government few weeks before the elections, making it N8.5bn, in what they tagged election materials and N2.5bn for sundries.
     “We stand to be contradicted with factual evidence.”

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