Governor Adams Oshiomhole of Edo State has explained why his government secured a loan of $75million from the World Bank.

He claimed that the former president, Goodluck Jonathan looted so much that there was nothing left in the nation’s treasury.

Speaking with state house correspondents recently, the governor said he was happy over President Muhammadu Buhari’s emergence, which he believed had transformed the country and states’ fortunes.

In a lengthy discussion with the newsmen, the former NLC president 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, they 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.”

http://dailypost.ng/2015/08/18/jonathans-lootings-forced-me-to-secure-75m-loan-from-world-bank-oshiomole/

Osho baba...It's enough concentrate on ur marriage and stop finding fault in MR CLUELESS

What is the meaning of this statement of yours Oga? Been an APC member doesn't mean you are transparent.
I don't like it when people I like so much spew insensible words in the name of politics and seeking for notice plus cover ups.
You elderly people deliberately attract unnecessary insults from masses and youths.
I will deliver my own share by saying that the loan you took is for the marriage of your foreign wife and for appeasing the gods and her people especially into allowing you to marry her because its obvious you are in their favour. Hope you have paid in all their monthly pocket money for this month? Excuse me.

Oshomole is a confused man. he has failed edo people woefully

this man will not keep quiet now. His pretty wife has gotten over his head.

oluwaSmith1:
this man will not keep quiet now. His pretty wife has gotten over his head.

oluwaSmith1:
this man will not keep quiet now. His pretty wife has gotten over his head.

Now stealing is corruption!!!

Your mansion for he'll fire don almost complete no worry.

fagbalex:
Now stealing is corruption!!!

my brother, either stealing or corruption. There are all the same.

“You heard President Buhari saying last week that after they finished looting the treasury, they even borrowed to loot.

Only a wicked set of people borrow money and steal it. Thank God power changed hands. This is the reason for all these revelations.

“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.

Oshobaba is a clown .

Hope Oshobaba has no skeletons too? BRF's case readily comes to mind.

This man really needs a specialist cos he is definitely suffering from mouth diarrhoea

Your ashewoe wife needs to attend that $15,000 per day Spa in Paris then head to Milan via private jet to grab Gucci 2015 summer collections.

Thief !

loomer:
Your mansion for he'll fire don almost complete no worry.

how did you know?? are u the engineer-in-charge??
Oshobaba, now that your loan has been approved,go and work for your people.

This dwarf of a Gov likes using Pdp to cover up while looting,keep deceiving yourself!

Very idiotic comment from Adam..

Did anyone notice how Oshiomhole has been following Buhari around on all his trips playing to the gallery till his dubious loan got approved. ?

Thieves in government..