Ebonyi State: AESID urges EFCC to suspend Umahi’s new loan request

  • Ebonyi State’s growing debt profile is now a source of concern for the Association of Ebonyi State Indigenous Peoples in Diaspora (AESID)
  • According to the group, the Economic Financial Crimes Commission (EFCC) must stop the new request for the loan by the state government
  • Going further, the group also criticized the state government’s plan to spend around 600 million naira on the upcoming 7th anniversary.

The Association of Ebonyi State Indigenous Peoples in Diaspora (AESID) has expressed concern over the growing debt profile of Ebonyi State, urging the Economic and Financial Crimes Commission (EFCC) to put end to the state government’s new loan request.

The group also criticized the state government’s plan to spend around 600 million naira on the upcoming 7th anniversary of Governor Dave Umahi-led administration in the state.

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Ebonyi State: AESID urges EFCC to suspend Umahi's new loan request
The Association of Ebonyi State Indigenous in Diaspora (AESID) has expressed concern over the growing debt profile of Ebonyi State. Photo: vanguard.
Source: Facebook

The Ebonyi State House of Assembly had recently approved another request for a loan from the Governor of Ebonyi State, allegedly valued at N10 billion “for the purpose of completing numerous infrastructure projects ongoing in the State”.

But reacting to the development through a statement signed Wednesday in Abuja, AESID Chairman, Ambassador Paschal Oluchukwu, his organization will take all necessary legal and corrective measures to ensure that the state government no longer takes the natives for granted.

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He said:

“We at AESID urge the EFCC and good-natured Nigerians to intervene to end these deliberate and calculated thefts of our meager resources by a government that has made mass hunger and starvation its policy official.

“AESID will take all necessary legal and corrective action to ensure that the Umahi government no longer takes the natives for granted by wasting the said sum of plums when most Ebonyi families cannot even afford a meal square due to the excruciatingly man-made poverty and hardship imposed by the Umahi administration.”

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The group has questioned the credentials of 16 State House Assembly members loyal to the governor who were sacked by a Federal High Court in Abuja for defecting to the All Progressives Congress with the governor in November 2020.

According to the statement, Debt Management Office records showed that as of December 2021, the official sub-national domestic debt profile of Ebonyi State stood at over N42 billion.

“We are also aware of the undisputed claims in some quarters that the Ebonyi State government under Umahi has unofficially borrowed from certain commercial banks in the state without due process or even recourse to House lackeys. Our external debt profile has also skyrocketed to about US$64 million, not including the $150 million loan from the Islamic Bank for the ring road project. ‘State.

“For a government that inherited near-zero debt from its predecessor and habitually wastes public funds on projects that are not economically viable or sensible, this latest desperation to make our poor Ebonyi a stockpile of the nation’s debt is highly condemnable and very unfortunate. .

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“We can conveniently bet that Umahi has, in the course of his deceptive ego-driven white elephant schemes, borrowed and lavished what the next state government could have borrowed for the next eight years. He is even very troubling that such gigantic borrowings do not result in the very creation of a sachet water plant that can generate a Kobo in the coffers of our economically strangled Ebonyi state.

“As if the unconscionable waste of public funds on frivolities were not already enough, AESID read in the media very recently of plans by the Umahi administration to spend 600 million naira of taxpayers’ money to celebrate its seventh anniversary in office. For a government that has taken Ebonyi’s poverty index from around 64% to almost 80%, with the state now officially the poverty capital of all of southern Nigeria, Umahi should be ashamed to celebrate the near total extinction of debt from the economic life and prosperity of the state.”

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On the recent victory of a state cybercrime law victim who was recently declared illegal by a Federal High Court in Abakaliki, the statement commended the judiciary for the bold decision to declare the law of the State as “anti the spirits and letters of the 1999 Constitution of the Federal Republic of Nigeria.

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Source: Legit.ng

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