Delta state: Sheriff denies borrowing N40bn

Delta State Government says Governor Sheriff Oborevwori did not borrow

any money” since the inception of the state’s current administration.

A communiqué signed by the State Commissioner for Information, Dr. Ifeanyi

Osuoza, in Warri said, the State Government has serious concern over some

reports on online media platforms alleging that Governor Sheriff Oborevwori

borrowed the sum of N40 billion soon after assuming office.”

The statement also acknowledged the N465 billion debt profile inherited by

the Oborevwori administration, adding that, as a prudent manager of

resources, he has done the right thing by adhering to the terms of

repayment as specified in the loan agreements.”


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