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Nairaland Forum / Nairaland / General / Politics / Imo State Banned From Borrowing More Loans. (3945 Views)
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Imo State Banned From Borrowing More Loans. by theoctopus1: 8:38pm On Nov 25, 2013 |
**external debt hits over N100billion in just few months. The Imo state government have been declared unfit to borrow more more money by the Nigerian Apex bank, the CBN. Few months ago, the Debt Management agencies frown at the rising debt profile of Governor Rochas Okorocha's government and the apparent less ability to of the state to pay back these loans in the next 25 years. PEAK of borrowing for the state. CBN stated that Imo state is owing over 100 billion Naira and that is the reason Apex bank placed them on the "No Borrowing list', meaning that they will no longer borrow from any bank in Nigeria and no approval will be given to them for external loans. - Hope For Nigeria. http://savannahreports.com/local/item/146-imo-state-banned-from-borrowing-more-loans |
Re: Imo State Banned From Borrowing More Loans. by gleaf: 8:42pm On Nov 25, 2013 |
APC KWENU!!! ![]() ![]() ![]() ![]() 8 Likes |
Re: Imo State Banned From Borrowing More Loans. by Nobody: 8:47pm On Nov 25, 2013 |
wc one be savannah repoters again? Na wao. 1 Like |
Re: Imo State Banned From Borrowing More Loans. by ProfessorPeter(m): 9:01pm On Nov 25, 2013 |
Bro forget, if na PDP borrowed that money,APC go shout to a high heaven |
Re: Imo State Banned From Borrowing More Loans. by Lusola15: 9:06pm On Nov 25, 2013 |
I will see what I can do ![]() ![]() ![]() ![]() ![]() |
Re: Imo State Banned From Borrowing More Loans. by Enegod(m): 9:10pm On Nov 25, 2013 |
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Re: Imo State Banned From Borrowing More Loans. by gleaf: 9:10pm On Nov 25, 2013 |
[/b][b] Professor Peter: Bro forget, if na PDP borrowed that money,APC go shout to a high heavendid u say shout ![]() |
Re: Imo State Banned From Borrowing More Loans. by oneeast: 9:22pm On Nov 25, 2013 |
The worst is that there absolutely nothing on the ground to show for all the loans he has borrowed running into 100B within 2yrs. I pity imo state, they should do something and remove this clown. |
Re: Imo State Banned From Borrowing More Loans. by Longeria(m): 9:22pm On Nov 25, 2013 |
gleaf: [/b][b]Choi, Imo State done enter one chance bus. 1 Like |
Re: Imo State Banned From Borrowing More Loans. by Onyegecha(f): 9:30pm On Nov 25, 2013 |
No matter how much the truth is hidden, painted, distorted, buried, it will always shine forth in the end. Where are those who still think okorocha is the best governor Nigeria has ever known? I weep for my dear state. 2 Likes |
Re: Imo State Banned From Borrowing More Loans. by NadiaSA1(f): 9:31pm On Nov 25, 2013 |
Chaiii my state .. ![]() ![]() |
Re: Imo State Banned From Borrowing More Loans. by ProfessorPeter(m): 9:32pm On Nov 25, 2013 |
gleaf: [/b][b]my inlaws don enter one chance. If Nigerian allow APC in 2015 we don enter one chance be that 1 Like |
Re: Imo State Banned From Borrowing More Loans. by Zonacom(m): 9:36pm On Nov 25, 2013 |
Not good at all. So chino and okija juju were right all this while? Abagworo bia eba oso oso 1 Like |
Re: Imo State Banned From Borrowing More Loans. by Zonacom(m): 9:38pm On Nov 25, 2013 |
Nadia_SA1: Chaiii my state ..Funny lady. Have you been to ikechukwu's villa before? |
Re: Imo State Banned From Borrowing More Loans. by lincolnj88: 9:45pm On Nov 25, 2013 |
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Re: Imo State Banned From Borrowing More Loans. by tomakint: 10:07pm On Nov 25, 2013 |
When we (the realists and team FreshAir) try to advise these APC goons that Tinubu and his cohorts are on a mission to mortgage the future of any States they can grab, people thought we were psychobabbling ![]() ![]() ![]() ![]() ![]() ![]() 6 Likes |
Re: Imo State Banned From Borrowing More Loans. by Nobody: 10:23pm On Nov 25, 2013 |
I trust Seun and Mukina,APC governor's mistake to make front page? Never. APC bought this forum a long time ago but,the good thing is this,after 2015 election some people will realise that selling their conscience is not the way forward for me and you. 1 Like |
Re: Imo State Banned From Borrowing More Loans. by Balkan(m): 10:25pm On Nov 25, 2013 |
Front page please! thank God for CBN. so this is what this thief is doing in Imo state. You took Imo people"s momey to fund a Yoruba party? Shame on APC, shame on Olaniyi Okorocha! |
Re: Imo State Banned From Borrowing More Loans. by gramci: 10:51pm On Nov 25, 2013 |
419 governor |
Re: Imo State Banned From Borrowing More Loans. by Decryptor(m): 11:17pm On Nov 25, 2013 |
Nadia_SA1: Chaiii my state .. Nadia...why did you delete me from BBM? ![]() ![]() ![]() |
Re: Imo State Banned From Borrowing More Loans. by Pukkah: 11:27pm On Nov 25, 2013 |
Balkan: Front page please! thank God for CBN. so this is what this thief is doing You started well but spoilt your own post with a needless tribal assault. Okorocha joined/merged with APC this year. What was the debt level as at the time he joined? Can you prove your wild claims about funding the 'Yoruba' party? Any governor that spends irresponsibly should not go scot free regardless of his political party. |
Re: Imo State Banned From Borrowing More Loans. by Abagworo(m): 11:45pm On Nov 25, 2013 |
Only a mentally retarded adult will take this news and most fake news coming out of Imo State with a pinch of salt. It is better you make enquiries and know the truth than to rely on online falsehood peddlers for such a sensitive news. I remember where I read that imo borrowed over 200billion on Nairaland and that there's nothing on ground. For those who still believe in reality, Imo has not borrowed and there is a lot on ground that surpasses everything that existed in Imo before this administration even though majority are at different stages of completion which the internet liars termed "abandoned" even though most of the works are merely 2years old . Someone just posted a picture of twin towers he sighted in Owerri which is infact a tip of the iceberg compared with what you'll see on ground. I won't argue with the paid internet liars but will just get enough video evidences and pictures this Xmass period and shame them all. |
Re: Imo State Banned From Borrowing More Loans. by oladapolif: 12:18am On Nov 26, 2013 |
See dem Igbo Leaders, thief thief.... dem go say FG no dey nothing, this and that? Kalu dey blow stolen money and him igbos brother go dey celebrate am, when rich men no even plenty among igbos, if not for hype... mshew.. |
Re: Imo State Banned From Borrowing More Loans. by oladapolif: 12:20am On Nov 26, 2013 |
Pukkah: Him won try over smart, before we start commenting about their bad igbo leaders... lol |
Re: Imo State Banned From Borrowing More Loans. by thewarrior72: 12:46am On Nov 26, 2013 |
My grouse with this clown okorocha is not the reckless abandon at which he borrows,but there is nothing on the ground to show for all this borrowing. A good administrator don't borrow money & embark on a project that doesn't bring in returns, u don't borrow money to construct roads,except those roads are going to be tolled.Any administrator that embark on borrowing money to plant flower, construct roundabout, mount signpost& paint everywhere with multiple colours, is slowpoke & doesn't deserve the post of administrator ![]() 2 Likes |
Re: Imo State Banned From Borrowing More Loans. by thewarrior72: 12:48am On Nov 26, 2013 |
oladapolif: See dem Igbo Leaders, thief thief.... dem go say FG no dey nothing, this and that? Kalu dey blow stolen money and him igbos brother go dey celebrate am, when rich men no even plenty among igbos, if not for hype... mshew..Na watin this one de yan ![]() ![]() ![]() |
Re: Imo State Banned From Borrowing More Loans. by sCun: 1:18am On Nov 26, 2013 |
Is there any credible source to this news? That website is as fake as Abusidiqu.com. Rochas has stated categorically several times in the past that he hasn't taken any loan from anywhere, he challenged those accusing him of borrowing to bring proofs. Until now I haven't heard or seen any proof that Rochas has been borrowing money. All baseless rumours. |
Re: Imo State Banned From Borrowing More Loans. by sCun: 1:24am On Nov 26, 2013 |
Nigerians are abusing their increased internet access, this trend of presenting rumours as official statements is becoming as bad as the internet scams we were doing in the past. I remember when that useless site abusididqu.com claimed that those arrested election observers in IMO were accredited by INEC and even brought out fake statement from INEC, only for INEC to make a contradicting statement a few days later. Propaganda from all sides is becoming a serious issue in Nigerian politcs, people should try to independently confirm stories from credible sources before reacting. |
Re: Imo State Banned From Borrowing More Loans. by sCun: 1:25am On Nov 26, 2013 |
I am neither a fan nor a hater of Rochas, but the man said he hasn't borrowed a single kobo on behalf of Imo state. So far, I have had no reason to doubt him. |
Re: Imo State Banned From Borrowing More Loans. by DerideGull(m): 1:37am On Nov 26, 2013 |
The election of Mallam Rochas Okorocha as the governor of Imo State is one of the worst blunders ever committed by Ndigbo in Nigeria. |
Re: Imo State Banned From Borrowing More Loans. by agbameta: 1:37am On Nov 26, 2013 |
Akwa Ibom, 5 other states get DMO warning on dangerous domestic debt profile
http://premiumtimesng.com/business/125651-akwa-ibom-5-other-states-get-dmo-warning-on-dangerous-domestic-debt-profile.html 1 Like |
Re: Imo State Banned From Borrowing More Loans. by agbameta: 1:40am On Nov 26, 2013 |
^^^^^^ Funny I didn't see Imo state on that list... These useless people and their kabukabu okporoko news....smh.. |
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