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Don't Give Any More Loans to Wike - APC Warns Commercial Banks

Posted by Lolade on Tue 17th Nov, 2015 - tori.ng

The All Progressives Congress, Rivers State Chapter has asked Nigerian banks to stop giving loans to the incumbent Rivers State governor, Nyesome Wike.

Governor Nyesome Wike

The Rivers state chapter of the All Progressives Congress (APC) has warned banks against granting any more loans to the state Governor, Nyesom Wike.

However, Wike has ignored the party's stance, saying that there are procedures for accessing funds and that the APC officials were jobless.

The state Chairman of APC, Dr. Davies Ikanya, while addressing journalists in Port Harcourt on Monday evening, November 16 said banks that ignored the warning were working against the interest of the state.

Ikanya claimed that Wike had, within five months of his administration, squandered an initial N30billion bank loan on road projects which he said were not commensurate with the amount spent.

He also alleged that Wike was planning to take another N10billion loan, saying the governor had no cause to go for such a fresh loan, his election having being overturned at the election petitions tribunal.

“I am not going to mention names but these banks but they know themselves. Whose interest are they protecting by giving out loans to Wike?

“The election of the governor had been annulled at the tribunal. Why is he going for loans again and for what purpose? I think I know why, but I will not disclosed the reason now.

“But I am warning the banks to stop giving out loans to Wike. If they persist, they will account for their actions”, he further warned.