No Plan For Bayelsa To Raise N100bn Bond – Gov’s Aide

Bayelsa State Government has denied initiating any move to borrow N100 billion from the capital market.
“This issue of taking N100 billion bond has been making round the state with those opposing the government of Chief Timipre Sylva capitalizing on it to urge Bayelsans to protest what they regarded as economic enslavement of their future”. Reacting to the allegations, the Chief Press Secretary to the governor, Mr. Dofie Ola he Media reports of the “loan bond as reckless fiction” saying that neither the government nor any of its aganecy was thinking of initiating any move to take any bond.
“This is a hoax. There is no iota of truth about these reports. The state government has planned nothing like that …”, he stated.
According to him, the process of issuing government bond is very clear. It is an open process that passes through rigorous discussions at both the state executive council and the legislature.
He also stated that no such discussion has taken place in any level of governance and regarded the allegation as the height of political debauchery and media manipulation.
The Chief Press Secretary stated that his boss runs one of the most transparent and open administration in the Niger Delta and therefore not afraid of probes as demanded by those who believed the lies read in the pages of newspapers.
He pointed out that as proof of its commitment to transparency and accountability, the state government is collaborating with World Bank on the provision of social amenities and infrastructural development, and urged journalists to contact relevant persons and agencies on issues concerning government programmes and agencies.