IMO PDP ACCUSES OKOROCHA OF PLUNGING IMO INTO DEBT

Posted: November 11, 2013 in Politics

THE leadership of the Peoples Democratic Party (PDP), Imo state has accused the governor of the state, Chief Rochas Okorocha of borrowing whopping N62 billion from the Zenith Bank in two and half years for execution of unnecessary sub-standard projects in the state.
  Briefing journalists yesterday in Owerri, the chairman of the party in Imo State, Chief Eze Duruiheoma, (SAN) regretted such borrowing.
  He also blamed the governor of not concerning himself on how to repay bond of N13 billion he inherited from his predecessor and hanging N100 billion on the local council.
    “The state chapter of the Peoples Democratic Party (PDP) has been shouting over mortgaging the state in the past two years and half years. First was in 2011, for no reason Governor Okorocha unilaterally without recourse to the House of Assembly collected the sum of forty seven billion (N47 b) from Zenith Bank. 
  “While the dust was yet to settle, he recently arm-twisted the L.G.A Sole Administrators, the Directors of Administration and General Services and Treasurers of Local Government Areas into signing another fifteen billion Naira (N15 b) loan from the same bank still for no useful purpose to Imo people.”
  Meanwhile, an official of government who pleaded anonymity told The Guardian that the PDP was bent of destroying the good works of Okorocha, accusing the party of staying on to power for several years without much.

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