Edo State Governor, Adams Oshiomhole, has said that his government was forced to take a $75 million development loan from the World Bank, because the Federal Government led by the Peoples Democratic Party (PDP) in 16 years had looted the nation’s treasury and pauperized the states.

He said it was a good thing that President Muhammadu Buhari came at the right time to stop the liquidation of the country.
The World Bank had approved a $225 million loan for Edo State Government in 2012, to be implemented in three tranches of $75 million per annum.

The first tranche of the loan was approved by the National Assembly in the 2012-2014 Federal Government External Rolling Borrowing Plan, while the second tranche was approved by the National Assembly, last week.

Addressing reporters at the Government House on Sunday, Mr. Oshiomhole said “If the PDP did not steal the money, we would not need to borrow. What we lost from the NLNG under the PDP Federal Government was about $11.6 billion. Edo State’s share of that money was more than N30 billion. If you realise that from every one billion dollars, we get more than N2.7 billion. So if PDP did not steal and bleed the economy dry, our legitimate revenue stolen by the past PDP government and its men is more than that.

“PDP is simply not in a position to blame the victims of their own looting which is unprecedented in the history of the country. My hope is that they would be brought to justice.

“You heard President Buhari saying last week that after they finished looting the treasury, they even borrowed to loot. You heard the president say that they took a loan from China and they already had taken $600 million from the loan. By now if they were still there, there would have finished the rest.

“In the South-South zone, look at the debt profile, Edo is the least borrowed. The only major loan we have taken since I assumed office was a N25 billion bond out of which we have paid over N20 billion because we are paying N530 million every month.

“As we speak, we have only about N5 billion left of that loan which will be liquidated before the end of this tenure. You heard of bailout, find out what PDP states are borrowing under the bailout plan, not for development but to pay salaries. But Edo State Government is up-to-date with salaries without bail out. You need to interrogate facts and not report these people as if they are responsible people because when you do that, people don’t know the difference between mischief makers and responsible people.

“PDP should simply shut up because they destroyed everything. Carry out your own investigations. You read in the papers how much our neighboring states are borrowing? You heard of N20billion, N30 billion under two months. To do what, to settle the invisibles. You hear them talking about N14.5 billion. We are not borrowing to pay salaries, we are able to do that in spite of the massive looting by the PDP. I appeal to the media because you are victims and you must interrogate these thieves when they break the highway rules and want to divert you. When you ask questions, they say you want to witch-hunt. Why won’t you witch-hunt when the witches are killing people in the village.

[b]“For me, the only regret I have is that somehow, these rogues can seemingly eat their cake and yours and go out to complain that the cake is missing when it is in their stomach. I also need you to consult the World Bank to look at the statement they issued that Edo is the second state, Lagos being the first; that these two states have shown sufficient reforms, transparency, accountability in Internally Generated Revenue and reforming the public policy to ensure value for money.

“They are providing these facilities as a measure for encouraging other states to take a cue from what Lagos and Edo are doing. If this is the basis of support and you are listening to a bunch of armed robbers of what they think about decent society, they would rather borrow at 20% and they are envious that we are attracting a facility more or less at zero cost of 1% spread out over 20 years. If you read the report of the Senate, it says about 17 states and these are PDP states have applied for this facility but because of their public image, the World Bank is not willing to loan to them.[/b]

“I read in one of the papers that about $2.2 million donated by an NGO to support the election was stolen and they were compelled to return it but the former Minister Finance said it was witchhunting because they have refunded the money but it was misapplied.

“You hear PDP say nothing has happened in Edo State. Even the Hospital we are building, the Benin City Water Storm project, just one project is more than the entire loan we have taken. So as we speak, Edo is the least borrowed. Every state now is borrowing money for salaries. You are not just to parrot the views of armed robbers. When you report, you say however, it will be recalled that, that way, the reader understands who is saying the truth,” Mr. Oshiomhole said.

http://www.premiumtimesng.com/news/top-news/188522-i-borrowed-75m-because-pdp-looted-the-treasury-oshiomhole.html

He has spoken...





Osho in Edo.... Fayose in Ekiti...

What Oshiomohle is trying to say...


PDP didn't leave him enough money to marry Lara. .. so he had to take a Marriage loan .... If not,how could he have gotten the money to buy a jet for lara's parents in appreciation of her intact 'virginity'?


And to think that this short thieving devil was once a labor leader who fought the government of the day on all fronts ..... smh for the people of Edo State



As per this bullshiit story...

OK

Oshio seriously there is no need to pass the buck on PDP for your own performance.

Osho n Iara on theiR way to paris

hmmm oshobaba

So after 7 years in office, it's now he knows PDP looted the office? This short man should go and sleep jor, spewwing rubbish since he started sucking fresh bwest

This Oshiomhole speaks through the hole in his bum. He needs to be taken for mental evaluation cos it seems he is actually mad.

midolian:
Edo State Governor, Adams Oshiomhole, has said that his government was forced to take a $75 million development loan from the World Bank, because the Federal Government led by the Peoples Democratic Party (PDP) in 16 years had looted the nation’s treasury and pauperized the states.

He said it was a good thing that President Muhammadu Buhari came at the right time to stop the liquidation of the country.
The World Bank had approved a $225 million loan for Edo State Government in 2012, to be implemented in three tranches of $75 million per annum.

The first tranche of the loan was approved by the National Assembly in the 2012-2014 Federal Government External Rolling Borrowing Plan, while the second tranche was approved by the National Assembly, last week.

Addressing reporters at the Government House on Sunday, Mr. Oshiomhole said “If the PDP did not steal the money, we would not need to borrow. What we lost from the NLNG under the PDP Federal Government was about $11.6 billion. Edo State’s share of that money was more than N30 billion. If you realise that from every one billion dollars, we get more than N2.7 billion. So if PDP did not steal and bleed the economy dry, our legitimate revenue stolen by the past PDP government and its men is more than that.

“PDP is simply not in a position to blame the victims of their own looting which is unprecedented in the history of the country. My hope is that they would be brought to justice.

“You heard President Buhari saying last week that after they finished looting the treasury, they even borrowed to loot. You heard the president say that they took a loan from China and they already had taken $600 million from the loan. By now if they were still there, there would have finished the rest.

“In the South-South zone, look at the debt profile, Edo is the least borrowed. The only major loan we have taken since I assumed office was a N25 billion bond out of which we have paid over N20 billion because we are paying N530 million every month.

“As we speak, we have only about N5 billion left of that loan which will be liquidated before the end of this tenure. You heard of bailout, find out what PDP states are borrowing under the bailout plan, not for development but to pay salaries. But Edo State Government is up-to-date with salaries without bail out. You need to interrogate facts and not report these people as if they are responsible people because when you do that, people don’t know the difference between mischief makers and responsible people.

“PDP should simply shut up because they destroyed everything. Carry out your own investigations. You read in the papers how much our neighboring states are borrowing? You heard of N20billion, N30 billion under two months. To do what, to settle the invisibles. You hear them talking about N14.5 billion. We are not borrowing to pay salaries, we are able to do that in spite of the massive looting by the PDP. I appeal to the media because you are victims and you must interrogate these thieves when they break the highway rules and want to divert you. When you ask questions, they say you want to witch-hunt. Why won’t you witch-hunt when the witches are killing people in the village.

“For me, the only regret I have is that somehow, these rogues can seemingly eat their cake and yours and go out to complain that the cake is missing when it is in their stomach. I also need you to consult the World Bank to look at the statement they issued that Edo is the second state, Lagos being the first; that these two states have shown sufficient reforms, transparency, accountability in Internally Generated Revenue and reforming the public policy to ensure value for money.

“They are providing these facilities as a measure for encouraging other states to take a cue from what Lagos and Edo are doing. If this is the basis of support and you are listening to a bunch of armed robbers of what they think about decent society, they would rather borrow at 20% and they are envious that we are attracting a facility more or less at zero cost of 1% spread out over 20 years. If you read the report of the Senate, it says about 17 states and these are PDP states have applied for this facility but because of their public image, the World Bank is not willing to loan to them.

“I read in one of the papers that about $2.2 million donated by an NGO to support the election was stolen and they were compelled to return it but the former Minister Finance said it was witchhunting because they have refunded the money but it was misapplied.

“You hear PDP say nothing has happened in Edo State. Even the Hospital we are building, the Benin City Water Storm project, just one project is more than the entire loan we have taken. So as we speak, Edo is the least borrowed. Every state now is borrowing money for salaries. You are not just to parrot the views of armed robbers. When you report, you say however, it will be recalled that, that way, the reader understands who is saying the truth,” Mr. Oshiomhole said.

http://www.premiumtimesng.com/news/top-news/188522-i-borrowed-75m-because-pdp-looted-the-treasury-oshiomhole.html

comrade make shame catch you


as d saying goes its only a lazy man dat will always complain

grand patron of wailers

the comrade come.raid governor is a thief...

even the devil who came t0 steal respects oshiomole.

I so much love the system being applied by this female govenor. No matter how ridiculous his objective is, he will still go against the odds. All he has to do is deflect attention from his aim to someone else by talking absolute balderdash. In no part of his excuse to fleece his state did he state categorically what he intends to use the loan for. He is the smartest kleptomaniac in APC. If he keeps applying the moronically effect he might end up with a lighter sentence than the other members of PMB and the 419 squad

i think sey dis cocoyam head get sense sef. i didnt know his head is stuffed with cold amala

DDeliverer:
the comrade come.raid governor is a thief...

even the devil who came t0 steal respects oshiomole.

giles14:
comrade make shame catch you


as d saying goes its only a lazy man dat will always complain

grand patron of wailers

Bayswater:
This Oshiomhole speaks through the hole in his bum. He needs to be taken for mental evaluation cos it seems he is actually mad.

firstEVA:
So after 7 years in office, it's now he knows PDP looted the office? This short man should go and sleep jor, spewwing rubbish since he started sucking fresh bwest

buygala:
What Oshiomohle is trying to say...


PDP didn't leave him enough money to marry Lara. .. so he had to take a Marriage loan .... If not,how could he have gotten the money to buy a jet for lara's parents in appreciation of her intact 'virginity'


And to think that this short devil was once a labor leader who fought the government of the day on all fronts



As per this bullshiit story...

see them

do you guys read and understand the whole story ?

THIS SCAM OF A GOVERNOR STILL HAVE MOUTH TO TALK RUBBISH. WELL ALL KNOW APC IS BUILT ON LIES AND PROPANGANDA. SO WE'RE NOT SURPRISED

agarawu23:










see them

do you guys read and understand the whole story ?

You wey understand am, abeg explain am for us , with the aid of relevant charts, graphs, and diagrams

agarawu23:










see them

do you guys read and understand the whole story ?

That's the problem with these e-wailers. I even had to take my time to embolden and color some parts so they won't have to go through the stress of reading everything but just the main parts.. Mehn! I did that in vain. A monkey will always jump A wailer will always wail

I noticed some changes in Osho Baba the moment Iara started warming his bed at night.

This is madness. As in these APC clowns blame PDP even for their own failure. What did Oshio do with the monies he got from ECA and Ecological fund? Is it PDP? Edo can't wait to send this dwarf and his party packing in 2016

firstEVA:
So after 7 years in office, it's now he knows PDP looted the office? This short man should go and sleep jor, spewwing rubbish since he started sucking fresh bwest

osho has be talking, he was d first to alert us that fg have reduce allocations especially to apc states, upon their performance, many apc state could not pay salary, like imo and osun, they all try their best, but pdp looting make them to fail their people.

Jesusloveyou:
osho has be talking, he was d first to alert us that fg have reduce allocations especially to apc states, upon their performance, many apc state could not pay salary, like imo and osun, they all try their best, but pdp looting make them to fail their people.

ok

Ha!
Those condemning osho baba knew nothing.
Osho 4years in office was more than 9 years of Lucky Igbenadion and Osubor.

Osho built standard schools, hospitals, construction of roads, rural electrification, paying of staff salary.

Am a witness.

barcanista:
This is madness. As in these APC clowns blame PDP even for their own failure. What did Oshio do with the monies he got from ECA and Ecological fund? Is it PDP? Edo can't wait to send this dwarf and his party parking in 2016

because of ur hatred, u fail to read d report before commenting, osho said d loan is not even enough to finance one of d many project, he embark on.

IdisuleOurOwn:
Ha!
Those condemning osho baba knew nothing.
Osho 4years in office was more than 9 years of Lucky Igbenadion and Osubor.

Osho built standard schools, hospitals, construction of roads, rural electrification, paying of staff salary.

Am a witness.

I c u even resemble one.

barcanista:
This is madness. As in these APC clowns blame PDP even for their own failure. What did Oshio do with the monies he got from ECA and Ecological fund? Is it PDP? Edo can't wait to send this dwarf and his party parking in 2016

I never knew you stay/are in/from Edo that you know Apc will be sent parking.

Mr KNOW-ER.

buygala:

You wey understand am, abeg explain am for us , with the aid of relevant charts, graphs, and diagrams

midolian:
That's the problem with these e-wailers. I even had to take my time to embolden and color some parts so they won't have to go through the stress of reading everything but just the main parts.. Mehn! I did that in vain. A monkey will always jump A wailer will always wail

one of the wailers need full explanation

hinwazaka:
I so much love the system being applied by this female govenor. No matter how ridiculous his objective is, he will still go against the odds. All he has to do is deflect attention from his aim to someone else by talking absolute balderdash. In no part of his excuse to fleece his state did he state categorically what he intends to use the loan for. He is the smartest kleptomaniac in APC. If he keeps applying the moronically effect he might end up with a lighter sentence than the other members of PMB and the 419 squad

Sir, that short man is the impostor Governor. The real governor is the aristo that he calls his wife.

osho baba don chop the money oo, buhari, start the investigations na!

agarawu23:




one of the wailers need full explanation

chai! Na akpu full some pple head

giles14:
I c u even resemble one.

Resemble one of what?

ionsman:

I never knew you stay/are in/from Edo that you know Apc will be sent parking.
Mr KNOW-ER.

The guy is a dreamer.
Even Mogidi who is from /reside in Edo state knew pdp can never and will never win Edo state.

The Last House of Assembly election says all.

ionsman:


I never knew you stay/are in/from Edo that you know Apc will be sent parking.

Mr KNOW-ER.

Go and sit down! PDP is taking over Benin Government house!