Oshiomhole plans to divert $75m World Bank loan to fund election

Chairman of the Peoples Democratic Party (PDP), Edo state chapter, Chief Dan Orbih, on Monday, March 14, accused the state governor, Adams Oshiomhole of plans to round-trip $75 million World Bank loan to raise N10 billion to fund the state governorship campaign for his party, the All Progressives Congress (APC).

Orbih, who made the accusation during his acceptance speech at state congress of the party where he was re-elected state chairman of the party for a second term of four years, alleged that Oshiomhole intends to sell the dollars in the black market to raise the amount to finance the election slated to hold in September this year.

“In the past few months, a particular bank has donated their private jet to Edo Governor to bring in the $75 million World Bank loan.

“They want to sell it at the black market rate and it will bring in N10 billion. The action is criminal.

“The $75 million is to get at the normal rate and sell at the black market. We have witnessed criminal demonstration,” Orbih said.

‎In a swift reaction, however, the State Commissioner for Information and Orientation, Prince Kassim Afegbuan, described Chief Orbih as a dunce for making the statement.

According to Afegbua, “If Orbih were not a complete dunce, he would have known that World Bank is not like Ogbona Community Bank where you can abuse financial procedures.

“He has just shown the reckless financial orientation of the PDP and their brigandage and voodoo economics. Otherwise he would not even contemplate that a world bank would carry money in sacks and hand over to state government.

“We have repeatedly said it that the PDP has no answer to the challenges of governance. The empty-headedness of their state chairman further compounds their problem. How on earth would a man talk about world bank in such reckless emanations.

“What a pity. Please I recommend for Dan Orbih a refresher course for him to learn the ropes in modern world bank financial transaction instead of exhibiting manifest ignorance that tends to put Edo people to shame,” he said.

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