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Nigeria news : Ebonyi Group Sends warning to Islamic Bank against sponsoring white elephant projects

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Nigeria news : Ebonyi Group Sends warning to Islamic Bank against sponsoring white elephant projects

Nigeria news : Ebonyi Group Sends warning to Islamic Bank against sponsoring white elephant projects The Association of Ebonyi State Indigenes in Diaspora (AESID) has cautioned the Islamic Bank in Nigeria to exercise caution in providing loans to finance white elephant projects in the state.

It also reminded the financial institution that the current administration will not be in power forever.

The caution was contained in a statement signed by the association’s spokesman, Ambassador Pascal Oluchukwu made available to newsmen in Abuja.

Further, the spokesman pointed out that most of the ongoing projects in the state were conceived without putting the citizens in consideration, saying most of the projects do not have a “positive impact on the lives of the people of Ebonyi state.”

The group, therefore, urged the Bank to apply caution as it alleged that some of the projects were misguided and, thus, have no clear value.

It even emphasized that the bank should avoid the situation where its resources will be used to finance the personal ambition of politicians ahead of the 2023 general elections.

It added, “We are warning now because Ebonyi’s land and people are not up for sale.”

“We shall mobilize resistance against unholy alliances being pursued by the current administration in Ebonyi state,”

“The reported confession by the Ebonyi state governor, David Umahi, on January 6, 2020, that he (Umahi) is a full member of the All Progressives Congress (APC) even though he holds a PDP mandate as a Governor is most unfortunate of a leader.”

“The confession was not surprising news to all those who have closely followed events at Abakaliki Government House since the first term inauguration of Governor Umahi-led administration.

“What was surprising about the statement was the source of the courage to come out in the open and admit to what has clearly been an open secret in Ebonyi, but which was hidden in the erroneous assumption that the cat will remain in the bag for many years. No one is surprised by this confession.

“We call on the current administration in Ebonyi state to desist from selfish and personal interest but vigorously pursue the interest of the general Ebonyians, listen to their cry and genuinely work to develop our land and not individual’s ambition”.

But when contacted, Francis Nwaze, the Chief Press Secretary to Governor Dave Umahi dismissed the claims as false and unfounded.

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