Benue APC asks banks not to grant Ortom’s N1 billion loan request

The Benue All Progressives Congress (APC) has warned commercial banks not to grant loan requests from Governor Samuel Ortom, whose term ends on May 29.

Tersoo Kula, the spokesperson for the Alia/Ode Campaign Organisation, claimed in a statement on Saturday that the State House of Assembly had approved another N1 billion revolving overdraft for Mr Ortom on Tuesday, saying that such a loan would deepen the state’s debt profile.

“We have it on good authority that the Uba-led Benue House of Assembly secretly approved a N1 billion revolving overdraft for the Ortom-led executive on Tuesday.

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“We are surprised that the house is still approving loans for Ortom, having known that he is left with less than three months in office.

“We wonder why someone who wants to govern the state will continue to engage in mischief aimed at increasing the already terrifying loan burden for the next generation of leadership,” Mr Kula said.

He questioned why Mr Ortom was still looking for ways to increase the state debt at the end of his presidency and urged the people to oppose the move.

“What does Ortom believe he can accomplish in the remaining two months of his tenure that he is now adding to the heavy debts he has incurred for the state?” he asked.

(NAN)

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