Concerned Nigerians Drag Delta Govt To EFCC Over N150b Loan

GROUP under the auspices of Concerned Nigerians has urged the Economic and Financial Crimes Commission ( EFCC) to immediately launch investigation into a recent N150 billion loan approved by the state House of Assembly.

Convener of the group, Deji Adeyanju, in a petition on Friday, addressed to the Chairman of the anti- graft agency, described the loan as a last minute looting by the state government to fund elections.

Lamenting, Adeyanju said it has become a practice for state governments to obtain huge loans under the guise of public interest but subsequently divert it into private pockets.

Statement by the group reads: “We write this petition in our capacity as a pro- human rights and anti- corruption group, seeking the urgent investigation of the Delta State Government, over its attempt to loot the N150 billion loan recently approved by the Delta State House of Assembly.

“At a time when the nation is engrossed with the commencement of electioneering process leading to the 2023 election, it is alarming to note that the Delta State government has initiated and secured the approval of the House of Assembly to obtain a humongous loan of N150 billion.

“Curiously, this loan has been approved just few weeks to the primaries of the Peoples Democratic Party ( PDP), where Governor Ifeanyi Okowa is rumoured to have a vice presidential ambition. We are, therefore, constrained to ask: What is the purpose of this loan?