Monday 26 October 2015

Amaechi Reverses, Criminates Wike Of N45B Loan Diversion

In what seems to be a twist on events, the immediate past governor of Rivers state, Rotimi Amaechi, has gone away from being accused of hiving off the state’s funds to accusing his successor, Nyesom Wike, of N45 billion loan taken by his administration.

The erstwhile governor of the oil rich sate stated this on Sunday, October 25, during a special thanksgiving service organised to mark the October 25 ruling of the Supreme Court, which brought him into power as governor in 2007, The Punch reports.
In the statement, the former governor said that he had borrowed N300 billion, subsequently paid N245 billion back and left about N15 billion in the state coffers; only for the present administration led by Governor Wike not to be borrowing to pay contractors but borrowing for their personal gratification.

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