Home Uncategorized Wike Stops Banks From Giving Loans To Ministries, LGs

Wike Stops Banks From Giving Loans To Ministries, LGs


THE Rivers State governor, Nyesom Wike, on Tuesday June 2, 2015 ordered banks and other financial institutions not to grant loans to Local Governments, ministries or parastatal in the state without his approval.

According to the governor’s spokesperson, Opunabo Inko-Tariah, the governor warned that any bank or financial institution that went ahead to grant loans, would be doing so at their own risk.

A statement released in Port Harcourt to that effect stated: “Anybody, person or institution that grants loans to local government councils, ministries or parastatal without his express and written approval, does so at their own risk.

“The public is hereby warned and financial institutions are also warned not to approve loans without his consent.”

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