Skip to content
Spynews Media

Spynews Media

Your number one news and entertainment website

  • Latest News
  • Health
  • Religion
  • Editorial
  • Foreign News
  • Interview
  • Politics
  • Opinion
  • Science and Technology
  • Sports
  • Topical
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Home
  • Politics
  • Fresh N40 billion loan: Lend Okowa more money at your own risk, Omo-Agege warns banks.
  • Business
  • Politics

Fresh N40 billion loan: Lend Okowa more money at your own risk, Omo-Agege warns banks.

Spynewsmedia January 5, 2023

Gov Ifeanyi Okowa and Speaker Sheriff Oborevwori

 

By Jon Egie

Deputy President of Senate and Governorship candidate of the All Progressives Congress, APC, in Delta State, Senator Ovie Omo-Agege has warned that any bank, lending institution or credit union which lends or advances money to the government of Delta state, four months to the end of its tenure, does so at it’s own risk.

This warning was contained in a statement he personally approved on behalf of the teeming supporters of APC and the generality of the people of Delta State.

According to Senator Omo-Agege, “it has come to the knowledge of the All Progressive Congress, APC, and the general public that the government of Delta state is yet again negotiating a loan facility for N40 billion (forty billion naira).

“It is our understanding that the need for such a facility has not been made public, neither has the purpose for which the credit is being sought.

Read Also  Appointment of Rector for Polytechnics: Group blasts NAPS

“It is also to our knowledge that a bill seeking the approval for such a facility has not been presented before the House of Assembly and neither has approval been obtained.

“Now therefore be it known to all banks, lending institutions, credit agencies etc that any facility, loan, credit, advancement or borrowing by any other name known, made or advanced to the government of Delta state in the course of the remaining tenure of the present administration will not be acceptable to the people of Delta state.

“The next administration and the citizens of Delta state will not be further encumbered by the rascality and profligacy of the present government.

“We state unequivocally that the state is over borrowed and the citizens will not accept the encumbrance and obligations of further borrowing.

“Any bank, lending institution, credit institution etc which lends or advances money to the government of Delta state at this time, does so at its own risk. Please be warned,” the statement said.

Read Also  World Post Day: Be sensitive, committed to your duties Workers urged 

 

 

 

 

 

 

 

 

 

 

 

About Author

Spynewsmedia

See author's posts

Tags: #Bankloans #Deltastatedebtpeofile #GovernorOkowaborrowing

Post navigation

Previous Police hold 3 suspects in custody at Ofuoma-Ughelli for facebook scamming, kidnapping, rape and blackmail
Next Clear yourself of allegations that you floated bank with Delta State money, Omo-Agege challenges Okowa

Related Stories

ADC invalidates Obi’s membership registration after defection from LP
  • Politics

ADC invalidates Obi’s membership registration after defection from LP

January 2, 2026
Oborevwori mourns Senator Peter Nwaoboshi
  • Politics

Oborevwori mourns Senator Peter Nwaoboshi

December 19, 2025
Okpebholo presents N393.85bn budget estimates for 2026
  • Business

Okpebholo presents N393.85bn budget estimates for 2026

December 17, 2025

Connect with Us

  • Facebook
  • Twitter
  • WhatsApp

You may have missed

Road accidents: DTSG plans strict traffic regulations for articulated vehicles
  • Safety

Road accidents: DTSG plans strict traffic regulations for articulated vehicles

January 3, 2026
Oborevwori felicitates Elder Statesman, Chief Godwin Ogbetuo at 96
  • Latest News

Oborevwori felicitates Elder Statesman, Chief Godwin Ogbetuo at 96

January 3, 2026
ADC invalidates Obi’s membership registration after defection from LP
  • Politics

ADC invalidates Obi’s membership registration after defection from LP

January 2, 2026
Delta State Police Command sends forth Abaniwonda 
  • Crime/Police news

Delta State Police Command sends forth Abaniwonda 

January 1, 2026
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Facebook
  • Twitter
  • WhatsApp
Copyright © All rights reserved. | DarkNews by AF themes.