{"id":137635,"date":"2024-11-09T07:53:12","date_gmt":"2024-11-09T06:53:12","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges"},"modified":"2024-11-09T09:00:57","modified_gmt":"2024-11-09T08:00:57","slug":"apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges","title":{"rendered":"APC has borrowed N5billion to finance Okpebholo\u2019s inauguration \u2013 Obaseki alleges"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The outgoing Governor of Edo State, Godwin Obaseki has alleged that the All Progressives Congress, APC, is borrowing between N2 billion and N5 billion to finance the inauguration of the new governor.<\/p>\n<p>Obaseki, who disclosed this at the inauguration of 10-man caretaker committee members of the State\u2019s PDP in Benin City on Friday, however, lamented that the outgoing government was not carried along nor invited for the inauguration.<\/p>\n<p>Senator Monday Okpebholo, the candidate of the APC, who defeated the PDP candidate, Asue Ighodalo in the September 21, 2024 governorship election in the State would be sworn-in on Tuesday, November 12, 2024.<\/p>\n<p>He alleged that the incoming government has started spending the sum of almost N27 billion set aside for the payment for projects and other obligations by his administration.<\/p>\n<p>\u201cIn this holiday period, they will want to spend as much money as possible to confuse the people. They are going to struggle to change their perception.<\/p>\n<p>\u201cWe have almost N27 billion to pay for projects and obligations, but they have started blowing it, and they have gone to borrow money for the inauguration which is going to cost them N2 to N5 billion. That is the money they will first take from the treasury.<\/p>\n<p>\u201cThey are doing an inauguration and the governor is not even invited. It is like they are starting a brand new government and a brand new state\u201d, he said.<\/p>\n<p>Speaking further, Obaseki assured the people that he would not be far away from the party as he would never leave the party but would remain to give advice.<\/p>\n<p>He also assured the party\u2019s chieftains and faithful that the party would reclaim its stolen mandate.<\/p>\n<p>\u201cWe will get our stolen mandate back, for the sake of Nigeria because if we allow the APC to go with our stolen mandate, it will mark the end of democracy in Nigeria.<\/p>\n<p>\u201cThis fight is not for our candidate but for the people of Nigeria and our nation\u2019s democracy\u201d, he added.<\/p>\n<p>Also speaking, Asue Ighodalo, the party\u2019s candidate at the September 21, 2024 governorship election, however, charged the party to be ready for a tough battle and the journey to reclaim the stolen mandate.<\/p>\n<p>\u201cWe expect them to reply to our petition next week. We also have five days to reply to their petition.<\/p>\n<p>\u201cThis will take us to about the 19th of November, 2024. We will then start what is called the pre-hearing before the major hearing which may start by the end of November.<\/p>\n<p>\u201cOur lawyers are working and are ready to reply to their petition. Times are hard and we are in difficult times, we should stand firm and be strong as we navigate the journey to reclaim our stolen mandate\u201d, he stated.<\/p>\n<p>Meanwhile, the State chapter of APC, had in a statement issued recently alleged that out of the N24.6 billion deposited into the Edo State Government\u2019s account recently, a staggering N14 billion was siphoned by the outgoing government within one week.<\/p>\n<p>The party also alleged that without due process to fiscal responsibility, Governor Obaseki had sought and received approval for three supplementary budgets since January 2024.<\/p>\n<p>It noted the most recent of the supplementary budgets was the N450 billion allocation passed on the eve of the September 21, 2024 gubernatorial election by the State House of Assembly.<\/p>\n<p>\u201cThe outgoing administration\u2019s pursuit of multiple supplementary budgets within such a short period raises suspicions about the actual purpose behind these massive allocations.<\/p>\n<p>\u201cThe total amount squandered during his tenure has reportedly neared the staggering sum of 2 trillion Naira.<\/p>\n<p>\u201cThis astronomical figure demands answers. Edo people have a right to know where these resources have gone and why their future has been mortgaged by an outgoing administration that appears determined to empty the state coffers before leaving office\u201d, the statement stated.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The outgoing Governor of Edo State, Godwin Obaseki has alleged that the All Progressives Congress, APC, is borrowing between N2 billion and N5 billion to finance the inauguration of the new governor. Obaseki, who disclosed this at the inauguration of 10-man caretaker committee members of the State\u2019s PDP in Benin City on [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":137634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,16],"tags":[34,254,697,12790],"class_list":["post-137635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-parties","tag-apc","tag-nigeria","tag-obaseki","tag-okpebholo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>APC has borrowed N5billion to finance Okpebholo\u2019s inauguration \u2013 Obaseki alleges - Nigeria<\/title>\n<meta name=\"description\" content=\"The outgoing Governor of Edo State, Godwin Obaseki has alleged that the All Progressives Congress, APC, is borrowing bet ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"APC has borrowed N5billion to finance Okpebholo\u2019s inauguration \u2013 Obaseki alleges\" \/>\n<meta property=\"og:description\" content=\"The outgoing Governor of Edo State, Godwin Obaseki has alleged that the All Progressives Congress, APC, is borrowing bet ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-09T06:53:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-09T08:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/11\/sm_1731126615.864662.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1424\" \/>\n\t<meta property=\"og:image:height\" content=\"802\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"APC has borrowed N5billion to finance Okpebholo\u2019s inauguration \u2013 Obaseki alleges\",\"datePublished\":\"2024-11-09T06:53:12+00:00\",\"dateModified\":\"2024-11-09T08:00:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges\"},\"wordCount\":652,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/11\/sm_1731126615.864662.jpg\",\"keywords\":[\"APC\",\"Nigeria\",\"Obaseki\",\"Okpebholo\"],\"articleSection\":[\"all news\",\"Parties\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/apc-has-borrowed-n5billion-to-finance-okpebholos-inauguration-obaseki-alleges\",\"name\":\"APC has borrowed N5billion to finance Okpebholo\u2019s inauguration \u2013 Obaseki alleges - 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