Edo 2020: PDP, APC trade tackles over alleged $500m NEXIM Bank loan to fund campaign


Peoples Democratic Party in Edo State has alleged that the All Progressives Congress (APC) in the state is seeking a $500m loan from Nigeria Export-Import (NEXIM) Bank to fund its governorship campaigns.

The APC, in a swift riposte, challenged the PDP to provide evidence at its disposal to prove its allegation.

PDP, in a statement by its State Publicity Secretary, Chrus Nekhikare, said “in the desperation of Ali Baba and the forty thieves to win Edo State at all cost, as it is becoming increasingly clear that they won’t, and increasingly difficult not just to market their candidate, but to raise funds for the elections, they have decided to “raid” a national institution called NEXIM bank and bleed it to the outrageous tune of $500m.”

The PDP said that “this outrageous sum, we are informed, will be converted to a loan and the burden of repayment placed on Edo people.

“The APC federal government has not been able to establish ‘anything’ in its 5 years in power but has been responsible for the decimation and crippling of many it inherited.

“It is indeed ironic that while the ruling party APC prides (pretends) itself as an anti corruption government, it’s governor who was caught on video collecting gratification has been saddled with the responsibility of delivering another governor. A lizard cannot give birth to a crocodile no matter the size!

“Let us be clear on one thing, APC has only one goal, and that goal is not fighting corruption. It is advancing its cause!

“This is another reason Edo people must reject APC and not allow them near Edo State treasury!

“Investigations reveal that the APC National Campaign Council in collaboration with a director in NEXIM bank have perfected plans to deplete our common patrimony by drawing down $500m to prosecute the Edo election.

“This unholy arrangement is absurd, illegal and criminal and must be condemned by all.

“We advise the APC and its cohorts in NEXIM bank to perish this criminal thought and allow the bank to concentrate and have enough cash in its coffers to face its primary assignment of promoting and providing loans to SMEs and other businesses so that we can grow our economy.

“We hereby call on the Inspector General of Police and the EFCC to investigate and prosecute all those involved in this great heist!”

● APC fires back, says PDP churns out propaganda out of desperation.

APC’s State Publicity Secretary Chris Azebamwan has thrown down the gauntlet. It challenged the PDP to provide all evidence in its possession to validate its “irresponsible” allegation or shut up.

Azebamwan advised Nekhikare and the PDP on the need to speak with evidence.

He described the speculation as a mere and baseless propaganda for which the party PDP is known.

Azebamwan said that “Chris Nehikhare and his puppeteer the Peoples Democratic Party, PDP, have gone to town with a spurious and irresponsible allegation that the National Campaign Council of the All Progressives Congress, APC has approached NEXIM Bank for a loan of $500 million, ostensibly to fund the Edo Governorship campaigns.

“This criminal and libelous allegation would have been laughable if the issues involved were not so weighty.

“Any person who is familiar with the basic rudiments of financial transactions by Banks, knows that no bank worth its operating licence would provide a facility of that magnitude without documentation and a long paper trail.

“We therefore challenge Chris Nehikhare and his paymasters to publish all available evidence in their possession to substantiate their claim, or shut up.

“Of particular interest to the public would be the named applicants for the loan facility.

“It is becoming increasingly obvious to all and sundry that, faced with the reality of a resounding and humiliating defeat on September 19th, the PDP and its defective merchandise are looking for a face-saving excuse to explain their impending and inescapable political demise.

“Nigerians and the general public are too discerning to be hoodwinked by the usual misinformation and disinformation that is the hallmark of PDP propaganda.

“Since Godwin Obaseki has chosen to open Edo State treasury to those that no less a person than Governor Nyesom Wike described as, “tax collectors”, the PDP vultures should exploit and enjoy the largesse of Obaseki’s desperation for a second term. Their time is fast running out.”

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