Tuesday, June 4, 2019 9:16 am
The Rivers State Government stated that it operates accounts with only Zenith and Access Banks, noting that it has repaid all loans obtained.
The Rivers State Government noted: “That the State Government inherited a Commercial Bank loan of N15,845,118,108.44 in 2015 which had been liquidated.
“That all loans taken by this administration for the infrastructural development of the State from Zenith and Access Banks had been liquidated too.
“That the issues of debts owed to contractors, pension arrears etc that the Debt Management Office used to stigmatize the State are Recurrent and Capital Expenditures which payments are ongoing.
“That the Federal Government’s Intervention loans approved for every state of the Federation has a repayment plan that is spread over many years. Rivers State Government has not defaulted on the repayment plan.
“That we do not know where purveyors of this concocted information got their facts before they went to the press to misinform the general public”.
“The Rivers State Government emphasised that the Wike Administration has has been prudent in the management of scarce State resources backed by a healthy monthly Internally Generated Revenue Revenue.
“Since 2015 till now, His Excellency through a well-articulated fiduciary template has made governance better than how he met it.
“That unlike previous administrations that left behind huge debt profiles, the present administration will not mortgage the future ofthe state in any way.
“That journalists and media houses should adhere to the dictum, “Facts Are Sacred” by always cross-checking their facts before publication. That the Rivers state Government under the visionary leadership of His Excellency will not be distracted by any form of yellow journalism but will remain focused to fulfill the social contract with the people”.
“The Rivers State Government urged well meaning Nigerians to disregard the falsehood being peddled by anti-Rivers political forces.”