In line with the pledge of Governor Nyesom Ezenwo Wike, the Rivers State Government has commenced the disbursement of interest free loans to traders and entrepreneurs.

The State Government also announced that it will prosecute those indicted by the Judicial Commission of Inquiry that investigated the management of funds of the Integrated Medical Industries (IMI) Limited.

The resolutions of the Rivers State Government were made public by the State Commissioner of Information and Communications, Emma Okah, the State Attorney General, Dr Zaccheus Adango and Special Adviser to the Rivers State Governor on Politics and Strategy, Chief Emeh Glory Emeh on Thursday after the State Executive Council meeting at the Government House Port Harcourt.

Okah said that the State Government has also disbursed interest free loans to civil servants under the first phase of the programme.

He said that empowerment programme will run on a monthly basis for civil servants in the state.

Also speaking, Special Adviser to the Rivers State Governor on Politics and Strategy, Chief Emeh Glory Emeh said that the interest free loans for entrepreneurs and traders have been disbursed for 12 Local Government Areas.

He said that under the second phase of the exercise, 11 Local Government Areas will benefit from the scheme.

Emeh said that 600 traders and entrepreneurs have benefited from the empowerment scheme, while N200MILLION shall be disbursed monthly.

He added the list of all beneficiaries will be published for Rivers people to know the beneficiaries.

On IMI Limited, Attorney-General of Rivers State, Dr Zaccheus Adango said that N34.5b invested by the Rivers State Government in the company was squandered.

He noted that those indicted by the Justice Constance Green Judicial Commission of Inquiry on the embezzlement of the IMI funds will face the full weight of the law.

He said: "The Honourable Attorney General has been mandated to pursue the criminal prosecution of Mr M. Nwokoma, who was the Project Manager of IMI, Dr Chamberlain Peterside and Dr Samson Parker.

"Once the White Paper is published, the Honourable Attorney General will commence the prosecution ".

Simeon Nwakaudu,

Special Assistant to the Rivers State Governor, Electronic Media.

Source: https://www.musictori.com/2019/05/rivers-state-government-commences.html

See those guys fighting for FTC down there

I'm not clapping

This is just like TraderMoni and many other projects by state governors both past and present.

The money would be taken, and the loans won't be paid.

A better idea would be the state running an investment fund for the benefit of its people.

That is a good one.

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giving free loans just burdens the tax payer and puts a debt-ridden economy in further debt. People need to be enskilled to work , not handed out freebies which they will default and never repay.

It looks very attractive on the outside but in the long - run it will just kill the economy. Especially consider more than half of those businessmen and traders will indulge in malpractices or business failures.

tactius:
I'm not clapping

This is just like TraderMoni and many other projects by state governors both past and present.

The money would be taken, and the loans won't be paid.

A better idea would be the state running an investment fund for the benefit of its people.

At least he did it after election not like apc scam trader moni

FTC

I need this.

ftc

WIKE MY MAN

How much is the loan per person?

More like money sharing.
Give us steady power supply. That's all we are asking for

Condemn FG Initiatives
Commend PDP Copy Copy

Hypocrites

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Nice one

This is good. Govt can also begin something like paylater branch etc with minimal interest to support those who realy need the money

Ask those in Rivers state, they'll tell you to call your cult boys to order first and end the chaos and killings in Rivers state - that's what they need, not loans.

A violent Government of cultists can only lead a state in that direction.
You can't give what you don't have.

Unlike vote buying tradmoni.
APC represents hell fire

Good

bangbangall:
Unlike vote buying tradmoni.

APC represents hell fire

you go die untop wailing oh.. At least you won't die of hunger cause VP Osibanjo visited onitsha today to give you and your people same vote buying tradermoni after election. Be grateful oh

free loan to who? hw much are they giving? no body should take wike serious until you see some one that have received it.