Imo: Group urges FG and EFCC to stop Uzodimma from taking more loans

A human rights group led by Deji Adeyanju, Concerned Nigerians, has instructed the Federal Government and the Economic and Financial Crimes Commission to stop Imo State Governor Hope Uzodinma from taking out more loans.

According to Adeyanju, Uzodinma took too many loans under the guise of paying local government employees and pensioners, which he never did.

The group further said that the state House of Assembly has granted the Uzodinma government approval to borrow 8.9 billion naira from Fidelity Bank and other numerous requests in 2021 alone.

The governor was condemned by the group for his failure to account for borrowed funds.

The statement read “It was just three months after the State House of Assembly also approved the request of the administration led by Hope Uzodinma to borrow 7.5 billion naira to buy vehicles for civil servants, even as the government owes arrears of more than eight months to civil servants and retirees.

“Additionally, in 2020, the Imo State Government announced that it had entered into discussions with the Central Bank of Nigeria, CBN, for a N52 billion loan to be channeled towards the Adapalm plantation. . Currently, the debt profile of Imo State is over N100 billion.

“We have also been reliably informed that the government led by Hope Uzodinma is planning to borrow an additional N15 billion loan from Zenith Bank for the payment of salaries, gratuities and pensions of local government employees. The plan is to take N256m in each of the 27 local government names. This will be the 6th of such unaccounted loan applications since he became Governor. We condemn this move and urge the Federal Government and EFCC to end this reckless acquisition of loans by the Imo State Government”

Adeyanju tasked the governor with improving the internally generated revenue of the state and the standard of living of the Imo people.

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