As workers down tools in Kogi state today to press the Federal Government and Central Bank of Nigeria to pay bail out fund to the state for their areas of salary to be paid, the All Progressive Congress, APC said that Governor Idris Wada did not even apply for the bail out fund as he made people to believe.
Addressing the media on sunday in Lokoja, Dr. Tom Ohikere head of the Media/Publicity of Prince Abubakar Audu Campaign Organization said that the people of the state, particularly the civil servants should not expect the bailout because goverrnor Wada never applied for the fund.
He wondered why the governor, in his desperate move to get the
sympathy of the state workforce, resorted to misleading the people of the state that it was Prince Audu who advised the federal government not to grant the loan, while actually he did not apply for the said fund.
Ohikere further explained that investigation has revealed that
governor Wada had tactically refused to apply for the bailout due to the backlog of loans hanging on the neck of the state.
Shedding more light, Dr. Ohikere said that as at 18th of September, 2015, 24 out of 27 states that applied for the bailout had received N222 billion, pointing out that only Borno, Bayelsa and Cross Rivers are yet to access the fund.
Ohikere therefore urged the governor to disclose to the people of the state the resolution of the state executive council authorizing the borrowing, when the meeting was held and the resolution of the state House of Assembly consenting to the bailout as required by the law setting up the fund.
Equally, Ohikere wondered whether there was any irrevocable standing payment order from the ministry of justice of the state to the federal government, guaranteeing a timing repayment at source from the state federation account allocation.
He stressed that the release of the N338billion bailout fund by the federal government followed the restructuring of the state government debts into bonds by the Debt Management Office at an interest rate of 14.83% of the value, maintaining that Kogi is already enmeshed in several loans and as such, could not guarantee the payment of bailout fund, stressing that might be the reason why governor Wada did not apply for the fund.
Ohikere, who was a former Commissioner of Information in the state, said rather than telling the people of the state the truth, the governor had resorted to misinforming them, describing the situation as not only unfortunate but shameful.
He maintained that the Director, corporate communication of the Central Bank of Nigeria, Mr. Ibrahim Mu’azu and other sources at both the CBN and Debt Management Office have revealed to them that goverrnor Wada never applied for the bailout fund.
He further advised the people of the state, particularly the workers to “disregard in its entirety, the array of lies being put together by governor Wada and his agents to deceive the people and cover his failures”.

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