Edo State’s governor-elect, Senator Monday Okpebholo, has emphatically denied allegations surrounding his intention to secure a $45 million loan from a Chinese agency for the construction of three flyovers in Benin City. The dismissal of this rumor was shared through a statement by his media aide, Godspower Inegbe, which aimed to set the record straight regarding Okpebholo’s plans and intentions following the upcoming handover from the current administration led by Governor Godwin Obaseki. Okpebholo’s concerns appear to be largely focused on addressing the potential debts incurred by Obaseki’s administration, which he believes do not correspond with visible developments in the state.
The allegations suggesting Okpebholo was negotiating a loan stemmed from his recent meeting with the Chinese Ambassador to Nigeria, Yu Dunhai. Inegbe stated that this meeting, which was at the invitation of the ambassador, has sparked unfounded speculation regarding Okpebholo’s financial dealings. He clarified that the meeting was not a conduit for securing any loans or entering into a Memorandum of Understanding with the China Exim Bank, but rather a broader discussion aimed at understanding the fiscal challenges facing Edo State. Okpebholo remains focused on seeking solutions to the financial burdens left by the outgoing government rather than incurring additional debts.
In a further rebuttal to the circulating rumors, the Edo State Commissioner for Information, Chris Nehikhare, also criticized those who have propagated the false claims. He labeled them as unconnected to the Obaseki administration and stressed the importance of not giving credence to unverified allegations. Nehikhare underscored the necessity for a smooth transition, as the new government is set to assume office on November 12. The statements made by both Okpebholo and Nehikhare reflect a strong stance against misinformation and a commitment to transparency during this transition period.
Both the governor-elect and the commissioner highlighted a central issue: the need for Edo State to address the economic situation and governance challenges it faces. Okpebholo’s commitment to resolving existing debts rather than accruing new ones speaks to a broader agenda focused on fiscal responsibility and long-term sustainable development for the state. This perspective aligns with community expectations for responsible governance, especially in light of previous allegations surrounding the outgoing administration’s financial management.
Moreover, the timing of these rumors can be seen in the context of the political landscape in Edo State, where a handover of power often provokes speculation and tension among various factions. Okpebholo’s preemptive response to these rumors suggests a strategic approach aimed at reassuring the public and stakeholders that his administration will prioritize accountability and sound financial practices. It is a crucial moment for the new government to establish its narrative, especially given the backdrop of public concerns regarding the fiscal health of the state.
In summary, the situation surrounding the alleged loan has opened a dialogue on the responsibilities of the incoming administration as it prepares to take over. Both Okpebholo and Nehikhare’s comments reflect an acknowledgment of the challenges ahead, as well as a commitment to transparency and responsible governance. As the state approaches the handover date, the focus will likely remain on the need for clear communication, accountability, and the management of existing debts to ensure a stable and prosperous future for Edo State.













