The newly elected Taraba State governor Emmanuel Bwacha has reportedly taken N200b loan from six commercial banks, in less than three months after he was sworn in, secret information availed LeadingReporters has revealed.
The governor who was elected under the platform of the ruling party All Progressive Congress APC in the last governorship election was said to have secretly taken the loan, in connivance with some State House of Assembly members.
The loan, the source said, was primarily to recoup monies spent during the last election and to settle some party and personal associates who made huge monetary contributions towards his emergence as the State governor.
The Governor was said to have approached some of the six bank executives and requested for the fund while assuring them that availing him of the funds will put them in the good books of the government under his watch.
The source said that the loan has already been drawn up and expended, thereby increasing the debt portfolio of the state.
“The governor’s action is quite insensitive to the plight of the impoverished citizens of Taraba. How could a governor who was just elected mobilize for as much as N200b just to carter for his election expenses without putting into consideration the effect of such loans on the state’s purse? The source quizzed.
All efforts to get the governor’s official response to the allegations were not successful as at the time of filing this report.
