• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, June 8, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Economy

Youths protest Delta govt 120b loan, say lending bank on its own

by Felix Ekwu
2 years ago
in Economy
Youths protest Delta govt 120b loan, say lending bank on its own
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

Hundreds of youths from across Delta State have protested what they termed as the ‘senseless’ borrowing of loans by Dr Ifeanyi Okowa’s led administration of the state.

To vent their anger and express their disapproval of the latest loan borrowing of 120 Billion by the state government, the youths on Monday afternoon barricaded the popular East-West by the Agbarho in Ughelli Local Government Area causing traffic for some hours.

Recall that Delta State House of Assembly on Thursday, January 19, 2023, approved a request for the state government to obtain a loan of 100 billion naira out of the earlier approved 150 billion naira consolidated syndicated loan and 20 billion naira from Fidelity Bank to finance the Delta State Government additional investment of 3% Equity in UTM Offshore Limited Floating Liquefied Natural Gas, FLNG project.

ALSO READ  Delta’s Dilemma: When Leaders Choose Self Over State 

The youths from a Coalition of Civil Society Organisations comprising the Committee for the Defense of Human Rights (CDHR), Conference for the Actualisation of Human Rights and students and ex-students leaders during the protest carried placards with different inscriptions on why the state government should halt the borrowings without corresponding development in the oil-rich state in the Niger Delta region.

ALSO READ  Delta’s Dilemma: When Leaders Choose Self Over State 

Among those who led the protest, the President of the Youth Wing of UPU, Comrade Kelly Umukoro, said, “We have seen that the present Delta State is about to sell us for the future of their children and themselves. You have few months to leave government, you are borrowing another 120 Billion Naira. Then a new bank that was just established which was alleged to be the bank of the executive governor, the bank is the one bringing a whooping sum of 100 Billion Naira.

ALSO READ  Delta’s Dilemma: When Leaders Choose Self Over State 

“Is that we are sponsoring Governor Okowa’s ambition to become the Vice President of Nigeria with Delta State money? Did hold any meeting as Deltans that we want to use our treasury from our state to sponsor Governor?”, Comrade Umukoro asked.

President of the Youth Wing of UPU, Comrade Kelly Umukoro

For his part, the President of CDHR, Comrade Kehinde Taiga, said, “We are here to protest the fundamental right of Deltans. Our governor has metamorphosed from democracy to cabalcracy and borrowcracy”.

President of CDHR, Comrade Kehinde Taiga
Previous Post

Buhari appoints Okoro, Rector Federal Poly, Orogun in Delta

Next Post

Supreme Court Judgement: Akpabio, Lawan deployed the law as an ass to outwit victorious candidates and INEC – Dr Mudiaga Odje

MORE NEWS

Okumagba congratulates Oborevwori on 2nd anniversary, says Governor has been impactful
Economy

Okumagba congratulates Oborevwori on 2nd anniversary, says Governor has been impactful

May 29, 2025
Adjogbe applauds Oborevwori’s massive development strides in two years
Economy

Adjogbe applauds Oborevwori’s massive development strides in two years

May 29, 2025
Africa Day: Africa must be reorganized and refocused – Senator Nwoko
Economy

Africa Day: Africa must be reorganized and refocused – Senator Nwoko

May 26, 2025
Overland Airways Reconnects Delta With Lagos, Abuja: Launches Osubi operations with modern Jets, discounted fares, regional growth vision
Economy

Overland Airways Reconnects Delta With Lagos, Abuja: Launches Osubi operations with modern Jets, discounted fares, regional growth vision

May 20, 2025
Next Post
Supreme Court Judgement: Akpabio, Lawan deployed the law as an ass to outwit victorious candidates and INEC – Dr Mudiaga Odje

Supreme Court Judgement: Akpabio, Lawan deployed the law as an ass to outwit victorious candidates and INEC - Dr Mudiaga Odje

Leave Comment

RECENT STORIES

Kantu in Warri South-West part of Ijaw ethnic nationality – community leaders declare, reject any ties with Itsekiri nation

Kantu in Warri South-West part of Ijaw ethnic nationality – community leaders declare, reject any ties with Itsekiri nation

June 7, 2025
Ughelli North APC leaders unite in Evwreni, pass confidence vote in Tinubu, Oborevwori

Ughelli North APC leaders unite in Evwreni, pass confidence vote in Tinubu, Oborevwori

June 7, 2025
Public hearing on Senator Nwoko’s sponsored Bill to upgrade Federal College of Education (Technical), Asaba to Federal University of Technology holds May 28

Anioma State: Senate fixes 4th, 5th July for public hearing

June 7, 2025
Delta’s Dilemma: When Leaders Choose Self Over State 

Delta’s Dilemma: When Leaders Choose Self Over State 

June 6, 2025
Eid-el-Kabir: Senator Nwoko calls for collective efforts in achieving more inclusive, prosperous Nigeria

Eid-el-Kabir: Senator Nwoko calls for collective efforts in achieving more inclusive, prosperous Nigeria

June 6, 2025

TRENDING STORIES

  • Who Owns Warri: When Chief Ukueku Humbled Prof Itse Sagay

    Who Owns Warri: When Chief Ukueku Humbled Prof Itse Sagay

    0 shares
    Share 0 Tweet 0
  • Kantu in Warri South-West part of Ijaw ethnic nationality – community leaders declare, reject any ties with Itsekiri nation

    0 shares
    Share 0 Tweet 0
  • Four kidnappers fall to fire power of police, hunters in Abraka

    0 shares
    Share 0 Tweet 0
  • Anioma State: Senate fixes 4th, 5th July for public hearing

    0 shares
    Share 0 Tweet 0
  • Ughelli North APC leaders unite in Evwreni, pass confidence vote in Tinubu, Oborevwori

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.