What Oborevwori Administration Did: Delta Govt Reacts to Report of Borrowing N40 Billion.READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
Thank you for reading this post, don't forget to subscribe!Governor Sheriff Oborevwori of Delta state said he did not borrow N40 billion as widely reported in some sessions of the media
The State Commissioner for Information, Dr. Ifeanyi Osuoza, said the reports are misleading and capable of creating confusion Osuoza explained that Oborevwori’s administration only guaranteed an N40 billion loan facility for the Association of Local Governments of Nigeria (ALGON)
Delta state, Asaba – The Delta state government has denied the report that Governor Sheriff Oborevwori borrowed N40 billion.
The State Commissioner for Information, Dr. Ifeanyi Osuoza, said Oborevwori “has not borrowed any money” since the inception of the state’s current administration.
Delta govt denies borrowing N40bn
Osuoza said the reports are not only misleading.
Osuoza stated this in a communiqué signed and released on Tuesday, August 27.
He said, “The reports are not only misleading but also capable of creating misunderstanding and confusion in the state.”
The Commissioner said records are available for anyone who wishes to verify that the Oborevwori administration has not borrowed any money to date
Osuoza, however, explained that:
What the Oborevwori administration did was to graciously guarantee an N40 billion loan facility for ALGON, to enable it to offset the unpaid pension liabilities of retired local government personnel.
Repayable over five years, the loan is to be repaid through direct debits to the Local Government Councils.
Recalls that the Delta state government a decided the newly approved N70,000 minimum wage.
Governor Oborevwori met with organised labour leaders; the NLC and the TUC, to finalise moves on the implementation of the new minimum wage wage.
The civil servants threatened to cripple the economic activities of states that refuse to pay workers N70,000, a month after Tinubu signed the wage bill into law.READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
