Former Group Managing Director of Diamond Bank Plc and governorship candidate of All Progressives Grand Alliance (APGA) in Abia State in 2015 guber election, Dr. Alex Otti has lambasted Governor Okezie Ikpeazu over the $200m African Development Bank loan approved by the National Assembly for Abia State.
“The foreign loan would plunge Abia State into a long-term financial and economic chaos because Governor Okezie Ikpeazu had no clear repayment plan for the foreign loan which has a 20-year tenure with seven years moratorium.”
“I urged the National Assembly to rescind its decision on the approved foreign loan because Ikpeazu had mismanaged the resources of the state and is running the state aground.”
“With N14.150bn bailout, and two tranches of Paris Club loan refund in the sums of N5.3bn and N5.7bn that had come into the coffers of the state, there is no justification for civil servants in the state to be owed eight months’ salaries.”
“While many Abians were still mourning and yet to recover from the numerous deceits of the present Abia State Government, we got the sad news of the approval of the sum of $200m for Abia State by the National Assembly.”
“I challenged the Ikpeazu administration to explain to the people of Abia “where the billions of naira given to it so far for the development of the state have gone to.”