Abia: We Are Financially Enlightened, Not Jumping At Any Loan — Alex Otti 

Alex Otti

Abia State Governor, Dr. Alex Otti has described his administration as financially enlightened, noting that it is not interested in jumping at any loan that comes its way.

The governor in an interaction with journalists in Umuahia said the state has been receiving offers for loan from commercial banks within but has not drawn on any of them.

He further revealed that the state has approval for loans from Islamic Development Bank to the tune of $125m.

Additionally, the governor said the African Development Bank (AfDB) has approved another loan for the state, stating that their documentation will be signed and later accessed by the state.

He denied allegation by opposition that the state has secured N145bn loan, saying there is no truth in such allegation.

He called on the “authors of this garbage” to apologize for deceiving Abians

Abia State Governor, Dr. Alex Otti has described his administration as financially enlightened, noting that it is not interested in jumping at any loan that comes its way.

The governor in an interaction with journalists in Umuahia said the state has been receiving offers for loan from commercial banks within but has not drawn on any of them.

He further revealed that the state has approval for loans from Islamic Development Bank to the tune of $125m.

Additionally, the governor said the African Development Bank (AfDB) has approved another loan for the state, stating that their documentation will be signed and later accessed by the state.

He denied allegation by opposition that the state has secured N145bn loan, saying there is no truth in such allegation.

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