N100bn Loan: Atiku's Running Mate, Okowa, Finally Opens Up

N100bn Loan: Atiku's Running Mate, Okowa, Finally Opens Up

  • Ifeanyi Okowa, the governor of Delta state and running mate to Atiku Abubakar of the PDP in the 2023 presidential election, has denied the plan to borrow new N100 billion
  • The governor said his administration had earlier approached the state house of assembly to borrow N150bn but N100bn was approved
  • Okowa added that his administration only approached the house recently for a change of bank name because a new financial institution emerged

Asaba, Delta - Governor Ifeanyi Okowa of Delta state, the running mate of Atiku Abubakar, the presidential flagbearer of the Peoples Democratic Party (PDP) in the 2023 election, has denied the claim that his administration is seeking to get an N100 billion loan.

The governor made the denial through a statement from his finance commissioner, Fidelis Tilije, on Monday, January 30, Channels reported.

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Atiku Abubakar/Ifeanyi Okowa/PDP/Delta State/2023 Election/Southeast
Okowa denies plan to get new N100bn loan Photo Credit: Atiku Abubakar
Source: Facebook

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Tilije maintained that the state house of assembly has previously approved for the state government to obtain N150 billion in bridging finance.

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The commissioner added that the money was later reduced to the sum of N100 billion following an engagement with finance houses involved.

According to Tilije, the government of Okowa is not seeking a new N100 billion loan, adding that what is being reported is disinformation.

Latest about PDP, Atiku Abubakar, Ifeanyi Okowa, Delta state, Southeast, 2023 election

He clarified that a new leading finance institution emerged and because Governor Okowa is an advocate of due process, the state government had to seek fresh approval from the state house of assembly.

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The commissioner confirmed that the N100 billion discounting facility is not different from the previously discussed amount.

Tilije sai Okowa's government only returned to the state house of assembly to change the bank name.

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Source: Legit.ng

Authors:
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Bada Yusuf (Politics and Current Affairs Editor) Yusuf Amoo Bada is an accomplished writer with 7 years of experience in journalism and writing, he is also politics and current affairs editor with Legit.ng. He holds B.A in Literature from OAU, and Diploma in Mass Comm. He has obtained certificates in Google's Advance Digital Reporting, News Lab workshop. He previously worked as an Editor with OperaNews. Legit’s Best Editor of the Year for Politics and Current Affairs Desk (2023). Contact: bada.yusuf.amoo@corp.legit.ng