Delta State Governor, Sheriff Oborevwori has denied borrowing any money since assuming office, stating that allegations levelled against him are false.
This is contained in a communiqué issued to newsmen on Tuesday, Augusr 27, 2024 by the State Commissioner for Information, Dr. Ifeanyi Osuoza, in Warri, Delta State.
Dr. Ifeanyi mentioned that the state Government’s attention has been drawn to online reports accusing Governor Oborevwori of collecting a loan of N40 billion upon assuming office.
His statement reads thus, “The State Government has noted with serious concern some reports on online media platforms alleging that Governor Sheriff Oborevwori borrowed the sum of N40 billion soon after assuming office.”
Osuoza insisted that “the reports are not only misleading but also capable of creating misunderstanding and confusion in the state.”
“For the avoidance of doubt, I wish to state categorically that the Delta State Government DID NOT borrow N40 billion. The Sheriff Oborevwori administration has not borrowed any money to date. The records are available for anyone who wishes to verify the truth.”
The communique further clarified that what Governor Oborevwori administration did was, to guarantee a N40 billion loan facility for ALGON, which is to enable the government settle unpaid pension and liabilities of retired local government personnel.
The statement added that Governor Oborevwori, is a prudent manager of resources and that he deserves commendation, not condemnation, for being a man of honour and integrity.
According to the commissioner, governments pick up loans from recognized financial institutions to cater for the smooth running of the administration of the state.
The statement reads thus: “Debt servicing/repayment enhances the credibility of any administration in the global financial community as a serious and progressive administration, which will garner the respect and support of financial institutions.”
The statement further stated that it is only a well-defined economy system that can accommodate maintaining developmental strides with focus on the welfare and improvement of the well-being of its citizens.
“It is only a well-run economy that can embark on debt servicing while still maintaining its developmental vision and focus on the welfare and well-being of its citizens, as the Oborevwori administration has continued to do.”
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