PDP slams Amaechi on N50b loan •Approval illegal — Factional Speaker

Peoples Democratic Party (PDP), Rivers State chapter, has condemned the approval of a N50 billion bond by the state legislature, alleging that the state governor, Honourable Rotimi Amaechi, had recklessly turned the state into a “debtor state in three years by borrowing billions of naira for no just cause.”
 Chairman of the PDP, Mr Felix Obuah, said this in a statement issued and made available to newsmen in Port Harcourt, on Tuesday.
 He also said members of the state House of Assembly were not properly constituted and, according to him, lacked the legal standing to make laws and give authorisation or undertake an approval of such bond.
 According to the Rivers PDP chairman, the lawmakers were only abusing
the privilege of having access to certain facilities to “recklessly dispose themselves to aiding Governor Amaechi to squander the state resources and destroy the future of the people.”
 “To the PDP, the latest N50 billion loan by the governor is unnecessary and one too many. The development on ground in the state, the environment and the condition of the people and residents do not reflect the claims by the government on the injection of the huge financial revenue and monthly collections by the Amaechi administration since inception.
 “We wonder where the monies, the internally generated revenues, federal allocations and loans collected, have all gone. This is what PDP expects that the governor needs to explain to the people first before asking for further financial aid from any funding or lending institutions, as not doing that puts more burden on the incoming government.
 “The PDP is also worried that those members of the state House of Assembly do not take into consideration the implications of their actions and thereby conniving with Governor Amaechi, whose intention understandably is to acquire more funds to enhance his sole sponsorship of the All Progressives Congress (APC) activities, in expectation of a presidential ticket for him from the party”, he said.
Meanwhile, the factional Speaker of the Rivers State House of Assembly, Honourable Evans Bipi, has declared as illegal the approval by the state legislature of the N50 billion bond request by the state governor, Honourable Rotimi Amaechi.
 The lawmaker, representing Ogu/Bolo Constituency, also condemned the rate at which some of his colleagues in the House of Assembly grant approval to the request by the governor to seek for bank loans.
 He was reacting to the legislative approval given on Monday by the state House of Assembly to the request for a N50 billion bond by Governor Amaechi.