Senator Monday Okpebholo, the governor-elect of Edo State, has issued a stern warning to banks and financial institutions against approving last-minute loans or financial deals with the outgoing administration.
He raised concerns over alleged looting of state funds and properties by officials just weeks before the transition of power.
In a statement released Wednesday night in Abuja, Okpebholo alleged that with less than a month to the handover, there are reports of widespread misappropriation and the removal of government assets by certain officials of the outgoing administration.
He called on the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), and the Nigeria Police to step in and curb the alleged activities.
Okpebholo accused Governor Godwin Obaseki’s administration of securing dubious loans from financial institutions in its final days, while unnamed government officials are reportedly making off with state-owned properties, including vehicles, furniture, and palliatives such as rice.
In response, Edo State’s Commissioner for Information and Communication, Chris Nehikhare, acknowledged the allegations but stated that the government would issue an official response on Thursday.
Okpebholo’s statement read: “We are deeply shocked by the widespread reports of looting of government assets by officials of the outgoing administration at the Government House, Benin City. It is disturbing that just a month before the transition, the Obaseki administration is reportedly still securing loans from banks under suspicious conditions.
“Moreover, there are alarming reports of widespread vandalism and looting of state properties, including vehicles, furniture, gadgets, and even carpets from government offices and residences. This brazen misconduct undermines the trust that Edo citizens have placed in their leaders over the past eight years.”
The governor-elect urged the EFCC, DSS, and police to conduct thorough investigations and ensure that those responsible are held accountable.
He also called for the protection of government assets during the transition.
He further warned banks and financial institutions to avoid any transactions that could jeopardize the state’s finances, specifically cautioning against the issuance of new loans during this critical period.
“The Accountant-General of Edo State must uphold integrity in the discharge of his duties. Any deviation from this will have severe consequences,” he stated.
Okpebholo concluded by affirming that his administration will continue to monitor the situation closely and will not tolerate any form of corruption or unethical behavior.
He emphasized his commitment to upholding transparency and accountability once he assumes office.