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Sunday, 26 July 2015
PDP condemns Ambode’s N39bn loan
The Lagos State chapter of Peoplea Democratic
Party has strongly berated Governor Akinwunmi
Ambode for hastily obtaining a N39.4bn loan
from the World Bank.
In a statement issued by its Publicity Secretary,
Taofik Gani, on Sunday, the major opposition
party in Lagos also advised the governor to
rescind the decision pending the book check on
all previously obtained loans in the state,
especially by the last administration under
Babatunde Fashola.
This is just as the party also described Ambode
“as weak to fight corruption and block leakages” in
the state with the alleged continual services of the
tax consultant firm, Alpha Beta.
According to the statement, the firm is allegedly
milking the state of its revenue.
“The party’s positions are on the heels of the
reports of another World Bank loan and the
recent announcement by the governor to scrap
the state’s finance and administration
department while renaming its administration
and human resources department, the statement
said in part.
The PDP noted that “the history of loans in the
state is very embarrassing and has plunged the
state into local and foreign debts running into a
trillion naira.”
“Why indeed will a state still run after World Bank
loan when such state realises an average of
N27bn naira as monthly internally generated
revenue? Governor Ambode should have a
rethink and be prudent,” it said.
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