Okpebholo
Okpebholo warns banks against granting huge last-minute loans to exiting Obaseki
The Governor-elect of Edo State, Senator Monday Okpebholo, has threatened banks and financial institutions against granting huge last-minute loans to exiting Governor Godwin Obaseki’s administration.
A statement on Wednesday, quoted Okpebholo as issuing the warning and raising concerns that such loans and financial deals granted the outgoing Obaseki government could threaten the fiscal stability of the state, leaving the incoming government saddled with significant debt.
According to him, the importance of granting only responsible loans cannot be overempasuzed, urging financial institutions to be mindful of the long-term consequences of their deals with Obaseki.
He emphasized the need for transparency and accountability, saying that the welfare of Edo State’s citizens should be prioritized during the transition of power.
The statement alleged that out-going government’s officials were engaged in widespread looting of funds and properties by officials of the outgoing administration.
Okpebholo emphasized on grave concern over reports of state assets pillaged, including government vehicles, furniture, office equipment, and even palliatives such as rice.
He said the actions were grave disregard for the rule of law, calling on anti-graft agencies to step in immediately.
He saud, “It is shocking and saddening to hear reports of massive looting from Government House, Benin City, with barely a month to the handover. The outgoing administration is still reportedly taking out shady loans from banks under questionable circumstances.
“We are aware of the widespread vandalism and theft of state properties, from vehicles and household items to government office equipment. Such behavior is unacceptable and erodes public trust in leadership.”
The Governor-elect stressed the Economic and Financial Crimes Commission (EFCC), the Nigerian Police, and the Department of State Services (DSS) should urgently investigate these claims and ensure those responsible are held accountable.
He also urged these agencies to protect government facilities from further vandalism.
On financial recklessness, he called on the Accountant General of Edo State to act with integrity, noting that any involvement in financial misconduct would attract serious consequences.
Okpebholo reassured citizens that his incoming administration would continue to monitor the situation closely, stating that he has zero-tolerance for corruption.
He vowed not to condone any unethical behavior and promised swift action against any form of financial impropriety during the transition period.