Governor Wike Warns Banks Against Loans To Local Governments

Governor Wike Warns Banks Against Loans To Local Governments

Paul Obiajunwo, Port Harcourt

The Governor of Rivers State, His Excellency Chief Barr Nyesom Wike,  has warned all banks and financial institutions against giving loans to Local Governments, Ministries and Parastatals without his express approval in writing.

Governor Wike gave this order yesterday through his two letters which he communicated to respected banks entrust of Rivers fund.  

He also said any institution that floats this order does so at its own risk.

The governor maintained that his government will not tolerate any thing that could jeopardize this administration