Politics
“I inherited huge debt from Wike’s projects”— Fubara
Sir Siminalayi Fubara, the Governor of Rivers State, recently revealed that a significant number of projects initiated and inaugurated by his predecessor, Chief Nyesom Wike, have not been fully paid for.
Fubara expressed his regret over the state’s indebtedness to numerous contractors, explaining that the unpaid firms from the previous administration are now pressuring his government for payment.
He emphasized that transparency has remained a guiding principle for his administration and highlighted the presence of a white paper documenting the costs of all projects undertaken by the government.
Fubara acknowledged that the current administration is primarily grappling with the debts incurred by the previous administration, despite his own involvement in that government.
He said;
“For the records it was awarded to CCECC. It was awarded on the 14th of August by this Administration. As we are going further, we will be going with a white paper to show records and amount. The Project was awarded at the cost of N6.7 billion. I can say boldly that we have paid the contractor completely.
“The purpose of this is to let the would know that if there is one problem this administration has is debt. Most of the projects that are being commissioned they are coming for their balance payment and it running in millions and billions.
“I have said I don’t want to talk. I don’t want to talk because I am part of that system but when you keep pushing me, I will say it so that they will see the yansh of the fowl.”