The Joint Forces for the Defence for Democracy (JOFDES) have rejected the move by the Edo State government to borrow Twenty Billion Naira from the stock market exchange.
According to the leaders of the group, Felix Osewmengie Isere, Esq and Marxist Kola Edokpayi during a protest rally in Benin city, the state government has no justification to acquire another 20 Billion Naira loan that will become a lasting yoke on the good people of the state.
”Just a few weeks to the state governorship election, the governor is making a desperate attempt to secure another loan from the stock market exchange.
”The most shocking part of it is that Mr. Obaseki is considering these loans when Edo State currently services the 150 million dollars credit obtained from the World Bank.
