• About
  • Advertise
  • Careers
  • Contact
Tuesday, July 22, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Ebonyi: Halts Umahi’s Fresh Loan Request, AESID Urges EFCC

•Condemns N600m Budget For 7th Anniversary

by ReportersAtLarge
May 18, 2022
in Featured, News
Reading Time: 3 mins read
0
David Nweze Umahi, Governor of Ebonyi State

David Nweze Umahi, Governor of Ebonyi State.

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

The Association of Ebonyi State Indigenes in the Diaspora (AESID) has expressed worries over the rising debt profile of Ebonyi State, urging the Economic Financial Crimes Commission (EFCC) to stop the fresh loan request by the state government.

The group also faulted the plan by the state government to spend about N600 million on the forthcoming 7th year anniversary of Governor Dave Umahi-led administration in the state.

The Ebonyi State House of Assembly had recently approved another loan request from the Governor of Ebonyi State, allegedly put at N10 billion “for the purposes of completion of numerous ongoing infrastructural projects in the state.”

But reacting to the development through a statement signed Wednesday in Abuja, AESID’s President Ambassador Paschal Oluchukwu, his organisation will take every necessary legal and remedial steps towards ensuring that the state government does not further take the indigenes for granted.

“We at AESID urges the EFCC and good spirited Nigerians to please wade in to halt these deliberate and calculated stealing of our lean resources by a government that has made hunger and starvation of the masses it’s official policy.

RelatedPosts

Nigeria On Brink of Tyranny, NLC Warns

Yoruba Global Alliance Dissociates From Controversial Yoruba National Diplomatic Passport

Makinde Is A Transformative Leader – Popoola, ZEnergy Tour CEO

“AESID will take every necessary legal and remedial steps towards ensuring that the Umahi government does not further take the indigenes for granted by wasting the said plum sum when most families in Ebonyi cannot afford even a square meal due to the excruciatingly biting anthropogenic poverty and hardship foisted on it by the Umahi administration.”

The group queried the powers of the 16 state House Assembly members loyal to the governor having been sacked by an Abuja Federal High Court for defecting to the All Progressives Congress with the Governor in November 2020.

According to the statement, records from the Debt Management Office showed that as at December 2021, the official sub- national domestic debt profile of Ebonyi state stood at over N42 Billion.

“We are also aware of undisputed claims in certain quarters that Ebonyi State government under Umahi has unofficially been making borrowings from some commercial banks in the State without due process or even recourse to the lackeys in the State’s House of Assembly. Our foreign debt profile have also skyrocketed to a whooping about $64M US Dollars. This does not include the borrowing of $150M from the Islamic Bank for the State’s ring road project.

“For a government that inherited a near zero debt burden from his predecessor and has habitually been wasting public funds on non-economically viable or sensible projects, this latest desperation to make our poor Ebonyi a debt stock of the nation is highly condemnable and most unfortunate.

“We can conveniently bet that Umahi has in the course of his deceptive ego-driven, white elephant projects borrowed and lavished what the next government in the State could have borrowed for the next eight years. It is even most disturbing that such humongous borrowings does not translate to the establishment of even a sachet water factory that can generate a Kobo to the coffers our economically strangulated Ebonyi State.

“As though the unconscionable squandering of public funds on frivolities is not already enough, AESID read in the media very recently about plans by the Umahi administration to spend N600M of tax-payers money to celebrate it’s Seventh anniversary in office. For a government which took Ebonyi’s poverty index from about 64 percent to a whooping nearly 80% with the state now officially the poverty capital of the entire Southern Nigeria, Umahi should be ashamed of celebrating the near total debt extinction of the State’s economic life and prosperity.”

On the recent victory of a victim of the Cybercrime law of the State which was recently declared illegal by a Federal High Court in Abakaliki, the statement commended the judiciary for the bold decision of declaring the state law as “anti the spirits and letters of the 1999 Constitution of the Federal Republic of Nigeria.

Tags: AESIDAssociation of Ebonyi State Indigenes in the DiasporaBREAKING NEWSDavid UmahiEbonyi State News
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

NLC President, Joe Ajaero
News

Nigeria On Brink of Tyranny, NLC Warns

by ReportersAtLarge
July 22, 2025
0

The Nigeria Labour Congress (NLC) has raised a red flag, warning that the country is sliding dangerously towards authoritarian rule...

Read moreDetails
The Yoruba Global Alliance
News

Yoruba Global Alliance Dissociates From Controversial Yoruba National Diplomatic Passport

by ReportersAtLarge
July 21, 2025
0

The Yoruba Global Alliance, a vibrant and strategic member of several self-determination groups advocating for secession from the current unworkable...

Read moreDetails
Zainab Popoola ZEnergy Tour CEO
News

Makinde Is A Transformative Leader – Popoola, ZEnergy Tour CEO

by ReportersAtLarge
July 21, 2025
0

Oyo State governor, ‘Seyi Makinde, has been described as a transformative leader because of his vision, innovation and inclusive governance...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Usain Bolt

Usain Bolt Tests Positive For COVID-19 Days After Celebrating 34th Birthday At Party With No Masks, Social Distancing

5 years ago
Gov. Sani Bello on ghost workers

How Niger State Govt Uncovered 1,000 Ghost Workers

6 years ago

Popular News

  • Senator Natasha Akpoti-Uduaghan with Senator Godswill Akpabio

    Senate Has Become Lawbreakers Under Akpabio – Natasha

    0 shares
    Share 0 Tweet 0
  • Humans Outshine AI in Prestigious Math Competition

    0 shares
    Share 0 Tweet 0
  • Nigeria On Brink of Tyranny, NLC Warns

    0 shares
    Share 0 Tweet 0
  • PK Bertram Releases EP, Ego Oyibo

    0 shares
    Share 0 Tweet 0
  • Yoruba Global Alliance Dissociates From Controversial Yoruba National Diplomatic Passport

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Senate Has Become Lawbreakers Under Akpabio – Natasha July 22, 2025
  • Humans Outshine AI in Prestigious Math Competition July 22, 2025
  • Nigeria On Brink of Tyranny, NLC Warns July 22, 2025
  • PK Bertram Releases EP, Ego Oyibo July 22, 2025
  • Yoruba Global Alliance Dissociates From Controversial Yoruba National Diplomatic Passport July 21, 2025
May 2022
SMTWTFS
1234567
891011121314
15161718192021
22232425262728
293031 
« Apr   Jun »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights