Stakeholders Bicker Over Dickson’s N25b Loan | Independent Newspapers Limited
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Stakeholders Bicker Over Dickson’s N25b Loan

Posted: Jul 30, 2015 at 1:50 am   /   by   /   comments (0)

By Igoniko Oduma  –   YENAGOA


Stakeholders in Bayelsa State are bickering over the procurement of a whopping N25billion loan by the state governor, Seriake Dickson, about seven months to the end of his first tenure in office.

The 24-member state House of Assembly approved Dickson’s request to secure the N25b loan penultimate week.

The governor conveyed his request to collect the loan through a correspondence he forwarded to the Assembly.

He was said to have explained to the Assembly that the loan would be used to complete ongoing projects by his administration.



But a group of elders under the aegis Bayelsa Elders Consultative Forum has cried out that the governor would allegedly use the loan to prosecute his re-election bid.

Spokesman of the forum, Alex Ekiotenne, claimed that Dickson had vindicated allegations of mismanagement of resources levelled against him in some quarters, saying the timing for the collection of the money was wrong.

However, the pioneer chairman of the Peoples Democratic Party in the state, Charles Dorgu, on Wednesday, faulted Dickson’s critics on the collection of the N25b loan.

He told reporters in Yenagoa that those opposed to it did not understand the meaning of good governance and infrastructure development.

Describing the allegations of using the N25b loan for the December 5 governorship election as baseless, Dorgu claimed that Dickson consulted widely before he set out to secure it.

“Dickson cannot sit down and plan what will happen in business community. He only provides the infrastructure and environment  needed.

“Dickson can borrow the money. You cannot borrow if you don’t have the capacity to borrow. Nobody will give you money if you don’t have that capacity.

Look at Bayelsa State under Dickson. Do we have the capacity?

“Yes. Have we exhausted  our capacity to borrow? No. This infrastructure ongoing must be completed. If we fail to complete it now, it will cost more in the next few years”, he argued.