HOW PDP UNDEVELOPED EDO STATE! PDP and GoddyEdosa ripped Edo Line apart financially, the insurance scam at Edoline was organized by the late commissioner for Health Ovbiagele (RIP). Sapele Road library: The Library at Sapele Road was alleged to have been refurbished by PDP for N700million, but real cost was under N100million.The front man for this scam was Caesar Iyayi. Ogbe Stadium: The Ogbe Stadium scandal was over N2billion then, handled by PDP London front Ben West Erhabor, who lost N300million in a distressed bank in Nigeria. Ex PDP governor also has a Brewery in Sierra Leone, it is run by one Ovie who came from the US. Edo House Abuja: Ex PDP governor made over N4billion from the Edo house Abuja contract, which was handled by Bright Igbinedion his brother a strong PDP leader, this same brother made N800 million from Ikpoba River fiasco early 2000, the total money spent by PDP to dredge the Ikpoba river was 1.5 billion naira. PDP used Bright motors to fleece the State, all the jeeps for the Local government chairmen were acquired through bright motors at N10million each then and payment deducted from government accounts without consultation. All government vehicles are purchased and serviced by UNibright motors then. Iyekogba: The Housing estate in Iyekogba is the biggest scandal that has not been challenged, PDP borrowed N4billon then at the money market though their leader Osa Osunde and has nothing to show for it, yet over N36million deducted at source is paid every month as interest, making it an astonishing N720million yearly since 2000. They shared these houses amongst themselves, you can go there and see for yourself. Imasuen owns the largest plot in the estate now where he resides permanently. Ex PDP governor’s brother Dr Fred is a major shareholder in Globacom, Ex PDP governor has substantial shares in Afribank and also involved in shipping in Greece and precious stones in Africa Edo Peoples Money: Ex PDP governor’s shopping spree did not end at buying just properties. He also used the tax payers money to set up a vast business empire for his friends, looting associates and family members. The following are a tiny fraction of the businesses PDP has set up stealing public funds. 1. Two Oil Companies (still investigating majority shares) 2. Ex PDP governor’s Bright Igbinedion is in charge of businesses in South Africa which includes an oil refinery. Total investments exceed N27billion 3. Capitol Airlines (Dead and Buried, just used to siphon money) 4. Chicken Republic in Edo State is N4billion project 5. Hotel Constantial, Airport Road, Benin City .Owned by ex PDP governor’s wife. The cost of the hotel is estimated at N8billion 6. Caplink Ltd. Dr. Fred Igbinedion the governors brother is at the helm of affairs in this company. The estimated cost of set up was N3billion. 7. Wan Tan Garden Restaurant, Ihama, Benin City. The ex PDP governors brother Michael Igbinedion is the Managing Director. Set up cost for this restaurant was N700million and it is said that he celebrated his first 1billion naira in this restaurant. Ex PDP governor’s 22 year old daughter owns a Lingerie shop in High Brow Lagos which is valued at N500million The list of financial impropriety is endless: Edo line gave ex PDP governor N10 million on a monthly basis. N4 billion raised at the capital market, with only 10 uncompleted building to show for it at Iyekogba estate (SCAM). $1,000,000.00 (about 140 million) at the exchange rate then, to make ex PDP governor’s eight-day overseas trip, few weeks after being sworn in as Governor of Edo State in 1999. N15, 939,656.66 for the clearing of 5 BMW motorcycles from the Apapa Wharf as contained in the Memo of Mr. Patrick Eboigbodin and approved by ex PDP governor on 16th December 1999. N40, 424,002 to attend the Sydney Olympic games as contained in the Memo of Mr. Patrick Eboigbodin and approved by ex PDP governor on 21st August 2000. N40, 000,000.00 on the burial of the Late Justice Ephraim Akpata - a Federal Officer - as contained in the Memo of Mr. Patrick Eboigbodin and approved by ex PDP governor on 7th February 2000. N1.5 billion on the ill-fated Ikpoba River project N4 Billion to purchase vehicles within three years. With about 70% government vehicles in private use Overseas tour over 50 times, conservatively estimated to cost about N6Billion in less than 3 years. Purchase of property in London worth £35.5 million Conclusion: PDP is unfit to govern Edo State anymore. The people of Edo have collectively resolved to reject PDP and their financial recklessness forever.
Posted on: Thu, 03 Jul 2014 09:40:21 +0000
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