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Rivers State Governor, Nyesom Wike in news release made availabe yesterday said the government will no longer tolerate banks that frustrate contractors in carrying out developmental projects in the state.

Excerpts:

Governor of Rivers State, Nyesom Ezenwo Wike says no financial bank will be allowed to frustrate or delay delivery time of any development projects of his administration in the state.

The governor was reacting to complaints that some financial banks that receive money and handle various payment schedules for his administration often fail to release agreed contract sum to contractors.

Picture shows Rivers State Governor, Nyesom Wike during the cassava developmental project commissioned on Friday. PHOTO: GOVERNMENT HOUSE, PORT HARCOURT

Speaking at the flag-off ceremony for the construction of Aluu -Omagwa Road on Saturday, Governor Wike said the state government will not hesitate to terminate any contract it has with such financial banks.

“Part of the problems we have is the banks. When you give contractors money, the banks will make sure that they delay release of the money.

“The next time any of our contractors complain about their funds not being released to them, that will be the day we will terminate any relationship we have with them.

Picture shows Central Bank of Nigeria Governor, Godwin Emefiele during the cassava developmental project commissioned on Friday in Rivers State. PHOTO: GOVERNMENT HOUSE, PORT HARCOURT

“No bank will hold us to ransom. We cannot continue to work like this. Nobody will frustrate our work. Any contractor that is being frustrated by them, do not hesitate to let us know. We cannot allow them to frustrate our work.”

Governor Wike also stated that he has fulfilled every promise made to the people of Ikwerre Local Government Area that included schools and roads.

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