We didn’t Sell Delta Line, but divested it 40%-60% to God is Good firm, Says Okowa

 

 

 

 

WARRI- Delta State governor, Dr. Arthur  Ifeanyi Okowa has described allegations false and baseless, that the state owned Transport Company, Delta Line has been sold to a private firm at  the sum of N161 billion.

There has been online media  reports (not Daily Watch) accused the state governor of being insensitive and careless in selling out the state only owned transport company to his favourite private transport company God is good  at a  sum of N161 billion which spurred sharp criticism against the state governor

But the state governor described the allegations baseless, saying that the state Government did not sell the state transport company, but had a partnership with a viable transport firm, God is good transport company for the interest of the state after publicised public biddings.

Address a press briefing in Warri with Warri correspondent’s chapel, Chief Press Secretary to the state governor, Mr. Charles Aniagwu made the clarifications about the contractual deal, Said, ‘We are concerned when people raised allegations at that state government  has sold Delta line to God is good transport company. We became worried over it.

‘‘We made a public bidding in two national newspapers, including the state owned newspaper Pointer, Several contractors showed interest with a more better offer to pay the state Government.

‘‘But we preferred God is good transport firm for its viability, competence and track record. We did not sell Delta line to God is good. There is a contractual agreement. The MOU is 40%-60%.  The state takes 40% while God is good takes 60% out the proceeds. There are many benefits Deltans will enjoy from the contract. People should not peddle rumour for what they did not know.’’ He said.

The governor said that the Delta line transport outfit was in moribund as there was poor management which the state government was at lose, despite the huge capital invested in the venture. But noted that the present arrangement would help to boost the state internally generated revenue.

 

 

 

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