Wednesday, November 23, 2011

Bayelsa elders accuse Sylva of mortgaging state

18 November 2011

•They are political jobbers -Commissioner

As preparations for Saturday’s governorship primary of the Peoples Democratic Party (PDP) reach its peak in Bayelsa State, elders from the Central Senatorial District of the state, on Thursday, accused Governor Timipre Sylva of mortgaging the future of the people through the heavy loans his government obtained from financial institutions.

They cited the N50billion bond the incumbent administration secured from the stock market as part of the debt burden impeding the economic development of the state.

Addressing a press conference in Yenagoa, on Thursday, the chairman, Elders and Opinion Leaders of Bayelsa Central Senatorial District, Chief Godwin Moses Odumgba, contended that, “one of the most frustrating undoing of the incumbent administration is the insatiable thirst for frittering public funds and incurring huge debts, thus mortgaging the future of our people and the state.

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