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Edo: Okpebholo warns banks against ‘shady deals’ with outgoing administration

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The Edo State governor-elect, Senator Monday Okpebholo banks and other financial institutions against what he termed as “shady deals” with the outgoing administration of Governor Godwin Obaseki.

The governor-elect in a statement issued to newsmen in Abuja alleged that the outgoing administration has been taking loans from certain financial institutions in the twilight of its exit.

Okpebholo in the statement said,” Banks and other  financial institutions are by this notice, cautioned to desist from any dealings that will undermine the finances of the state, especially giving out of loans to government at this period of transition.”

The statement tasked the Economic and Financial Crimes Commission (EFCC), Police and Department of State Security (DSS) to take more than passing interest in what he called “looting of government funds and properties by officials of the outgoing administration from the government house, Benin City.

“With a great shock, we regret the widespread reports of looting of government funds and properties by officials of the outgoing administration from the Government House, Benin City.

“It is sad that barely one month to handover, the outgoing administration of Governor Godwin Obaseki is still allegedly obtaining loans from banks and other financial institutions under very shady headings.

“We are also aware of the massive looting and vandalisation of properties including vehicles, furniture, gadgets, household utensils and even carpets from offices and residences of Edo state Government.

“This unacceptable behavior undermines the trust and faith of our citizens in those entrusted to serve them in the past 8 years.”

The governor-elect in the statement called on the relevant authorities including the EFCC, Police and DSS “to investigate the allegations thoroughly and ensure that those found guilty are held accountable while protecting Government House and offices from vandals.”

Sounding a note of warning, the statement added that “banks and other financial institutions are by this notice, cautioned to desist from any dealings that will undermine the finances of the state, especially giving out of loans to government at this period of transition.

“The Accountant General of Edo state, is hereby advised to uphold the principle of integrity in his duty, as the only act that will put his name in gold. There will be dire consequences for any act of impunity and stealing on any person or institution found wanting in this regard.”

Okpebholo, however added that the incoming administration will continue to monitor the situation until the last day of the outgoing administration.

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