Politics
Edo PDP Expresses Concern Over Okpebholo’s ₦100bn Loan, Says ‘It’s Another Conduit Pipe’

...If accessed, Okpebholo would have doubled state’s domestic debt profile in less than eight months – PDP
Edo State chapter of the Peoples Democratic Party (PDP) has expressed “grave concern” over the recent approval of ₦100bn loan to the state governor, Monday Okpebholo, by the state House of Assembly.
The Edo State House of Assembly had on Tuesday approved a ₦100 billion loan facility from First Bank of Nigeria PLC to support Governor Monday Okpebholo’s administration in delivering key infrastructural projects across the state.
Reacting to this development in a statement, Dr Tony Aziegbemi, Chairman, Edo PDP Caretaker Committee, said “If this new loan is accessed, Sen. Okpebholo would have effectively doubled the state’s domestic debt profile in less than Eight months.”
The opposition party, while quoting the Debt Management Office (DMO), noted that “Edo State’s total domestic debt since creation on 27 August, 1991 as at December 31 2024 stood at One Hundred and Twelve Billion Naira (N112,000,000.00).”
READ ALSO: Okpebholo’s ₦100b Loan Generates Reactions, Controversy
The PDP added: “It took 34 years by all governors of Edo State to incur 112 Billion Debt, it is taking Sen. Monday Okpebholo Eight months to double it. This is an alarming development that raises serious questions about the long-term fiscal sustainability of the state; and indeed, about the financial competence of this APC led Administration.”
The opposition lamented that “what is particularly disturbing is the complete absence of transparency surrounding this loan,” stressed that “the people of Edo deserve to know what commitments are being made on their behalf and at what cost.”
The PDP contained: “No information has been provided regarding the identity of nominated contractors, the interest rate, repayment terms, or timeline for execution.
“It is unacceptable that such a significant financial obligation is being incurred without public scrutiny or clear justification.”
READ ALSO: Okpebholo Inaugurates Boundary Dispute Committee In Edo
Aziegbemi, who expressed worry that “the once vibrant State Assembly has abandoned its constitutional duty to rein in the excesses of the Executive Branch of Government,” reminded the lawmakers that “infrastructure loans of this magnitude are ordinarily sourced from development finance institutions on low interest rate/concessional terms.”
He added: “Securing such a facility from a commercial bank with high interest rates is both fiscally irresponsible and economically short sighted. At the prevailing interest rate of 30% and add Ons, Edo State will be paying 35 billion Naira annually just as interest. This is alarming and acutely not sustainable.”
Aziegbemi continued: “When we raised alarm about the fall in the IGR from about N8bn monthly during the immediate past government to about N2bn monthly, Okpebholo and his hirelings in their jaundiced response lied to Edo people that the State was generating N10bn monthly.
“We are also aware that the Okpebholo government inherited over ₦50 billion in the state treasury from the Godwin Obaseki-led administration less than eight months ago.
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“So, how do we justify that a government that inherited such an amount and who claims to be generating over N10bn monthly in IGR is now running to First Bank Nigeria Plc to borrow ₦100 billion. It only but exposes the fiscal irresponsibility of the Okpebholo government and affirms the drastic fall in the IGR, thereby forcing them to resort to reckless borrowing to cover up the shortfall.”
Aziegbemi, who argued that the loan “appears to be nothing but another conduit pipe to slush funds, which Okpebholo plans to service his endless list of godfathers and political thugs who helped him steal the people’s mandate during the last governorship election,” demanded a “full list of the infrastructure projects to be financed; names and profiles of the nominated contractors; the full loan agreement including interest rate, tenure, repayment terms and disbursement schedule, and “all records of proceedings and resolutions related to the loan by the State Executive Council and House of Assembly.”
Politics
Bayelsa Deputy Gov Sues Assembly Over Impeachment Plot

The Deputy Governor of Bayelsa State, Lawrence Ewhrudjakpo, has filed a suit at the Federal High Court in Abuja against the Bayelsa State House of Assembly over an alleged plan to impeach him.
In the originating summons marked FHC/ABJ/CS/221/2025, Ewhrudjakpo alleged that members of the Assembly were under pressure to remove him from office because he refused to resign from the Peoples Democratic Party, the platform on which he and Governor Douye Diri were elected.
While Governor Diri recently resigned from the PDP, Ewhrudjakpo has remained in the party.
Through his counsel, Reuben Egwuaba, the deputy governor also claimed that some local government chairpersons, including Alice Tange of Sagbama LGA, were being threatened with removal for similarly refusing to defect from the PDP alongside the governor.
READ ALSO:BREAKING: Bayelsa Governor, Douye Diri Dumps PDP For APC
Ewhrudjakpo is seeking several interim orders, including one restraining the state Assembly from initiating or conducting any impeachment proceedings against him for remaining in the PDP.
He argued that any such move would contravene sections 188(5)-(9), (11) and 36(1) of the 1999 Constitution (as amended).
He is also asking the court to restrain the assembly from recognising or dealing with any member of the All Progressives Congress as the deputy governor of Bayelsa State.
Additionally, Ewhrudjakpo wants an order stopping the Inspector-General of Police, the Director-General of the Department of State Services, and the Bayelsa State Attorney-General from withdrawing his security protection pending the determination of the motion on notice.
READ ALSO:Diri Approves Automatic Employment For UAT First Class Graduates
After hearing Egwuaba’s ex parte motion on October 27 — a copy of the certified true copy dated October 29, was sighted by our correspondent on Thursday — Justice Emeka Nwite ordered the defendants to appear before the court to show cause why the interim orders sought by the plaintiff should not be granted.
The defendants listed in the suit are the Bayelsa State House of Assembly, its Speaker, the Inspector-General of Police, the Director-General of the Department of State Services, the Bayelsa State Attorney-General, the State Chief Judge, and the Clerk of the Assembly.
Justice Nwite ruled that the interest of justice would be best served by directing all the defendants to appear and show cause before the court decides on the interim injunction.
The case was adjourned until November 13 for the defendants to show cause, after which the court will proceed to hear the motion on notice.
Politics
APC Chieftain, Owolabi, Hails Gov Oyebanji’s Emergency As Gubernatorial Candidate

A chieftain of the ruling All Progressive Congress (APC), in Ekiti State, Mr. Dare Owolabi, has commended the leadership of the party for the endorsement of the incumbent Governor Biodun Abayomi Oyebanji (BAO) as the APC governorship candidate for the Ekiti State gubernatorial election slated for 2026.
Mr. Owolabi, a senatorial hopefully for the Ekiti North Senatorial District, gave the commendation when he hosted leaders and members of the APC to a grand reception at his residence in Odo Oro Ekiti, Ikole Local Government Area of the state, to celebrate Governor Oyebanji’s affirmation as the APC flag bearer for the forthcoming Ekiti guber race.
The reception attended by over a thousand APC members and supporters in Ikole Local Government Area, was canivalesque as party members and supporters made merriments and were treated to victory dances.
Speaking at the reception, Owolabi, a philanthropist and community leader, said that with the way and manner the APC laid to rest the stormy issue of the party’s governorship nomination, the APC had demonstrated that “it is on a good stead to win the coming governorship election convincingly.”
READ ALSO:Jonathan’s Ex-aide Dumps PDP For APC
While commending the leadership of the ApC in Ekiti State and at the national levels for the uncommon ability to weather stormy times, Owolabi reiterated that the sterling performances of Governor Oyebanji were testimonies that the governorship had taken the state to a higher level, hence the decision by the party to support him for a second term.
Owolabi commended the party’s leadership for their wisdom and consensus-building efforts, describing Governor Oyebanji’s emergence as a testament to his outstanding performance and exemplary leadership style.
READ ALSO:Crisis Rocks Sokoto APC As Defunct CPC Bloc Alleges Marginalisation
He urged party members of the party in the state to continue to support the governor’s efforts at transforming the state, adding that the collective loyalty and cooperation of the members “are vital for the sustained growth and development of Ekiti State.”
This was just as he urged Governor Oyebanji not to spare any effort at bringing all members of the party together, saying that “more than anytime before now, this is the time for His Excellency, Governor Oyebanji to show that he remains the quintessential father of all and extend his usual open hands to all and sundry.”
Owolabi who appealed to those who earlier showed interest in the ticket before the consensus to remain loyal to the APC, counsel led that “this is the time everyone must show commitment and values that the APC is first before individual ambitions.”
He further appealed to those who are yet to participate in the ongoing Continuous Voter Registration Exercise to do so promptly and ensure they collect their Permanent Voter Cards (PVCs), which he described as an important tool for civic engagement and political empowerment.
Mr. Owolabi also expressed heartfelt appreciation to all supporters of the Irawo Owuro Project for their unwavering commitment and assured them of continued progress and success as the movement advanced.
Politics
JUST IN: All Enugu Reps Defect To APC

The entire Enugu State caucus in the House of Representatives has formally defected to the ruling All Progressives Congress.
The defection was announced on Thursday by the Speaker of the House, Tajudeen Abbas, who read the lawmakers’ letters of resignation from the Peoples Democratic Party and the Labour Party during plenary.
The event was witnessed by the Governor of Enugu State, Peter Mbah.
The defectors said they decided to dump their former political platforms due to what they described as unresolved internal crises threatening the stability of the opposition parties.
READ ALSO:PDP Unveils 13-member Screening Panel For National Convention
After the 2023 general election, the Labour Party won seven of the eight House of Representatives seats in Enugu State, while the PDP secured one.
With this development, the APC now controls the entire Enugu caucus in the House of Representatives.
Addressing journalists after their defection, the spokesman of the defectors and member representing Nkanu East/Nkanu West Federal Constituency, Nnolim Nnaji, said their decision was influenced by the need to align with the project-oriented administration of Governor Mbah.
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He said, “Just come to Enugu and see what is happening there. The governor is doing a lot for our people. We also want to bring our state to the centre.
“This is not just a political move — it is a bold step into the future! A step borne out of courage, clarity, and our shared determination to reposition Nkanu East and West for greatness.
“For too long, our dear Enugu State has remained in opposition, watching from the sidelines as others shaped the destiny of our nation and accessed opportunities that could have transformed our people’s lives. That era is over! We refuse to remain spectators when we can be key players in Nigeria’s progress.
READ ALSO:Enugu Court Remands Ritualist, Two Others, For Kidnapping, Murder
“By aligning with the APC — the party steering national transformation — we are connecting our constituency to the heartbeat of national development. This alignment will bring more projects, more jobs, better infrastructure, and greater empowerment for our youths, women, and communities.
“This decision wasn’t made on impulse. It comes from deep reflection and a burning desire to see our people rise above limits and take their rightful place in the national spotlight.”
The six defectors at Thursday’s plenary include Martins Oke, Anayo Onwuegbu, Nnamdi Agbo, Nnolim Nnaji, and Mark Obetta.
In a related development, the member representing Bassa/Jos North Federal Constituency, Daniel Asama, also dumped the Labour Party for the APC.
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