Delta APC rejects partial sale of Delta Line

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The Delta State Chapter of the All Progressives Congress (APC) has rejected the sale of 60 percent equity of Delta Transport Services Limited (DELTA LINE) to GIG Transport Development Company Limited popularly known as God-Is-Good Motors, noting that the sale is against the interest of Deltans.

Engr .Leonard Obibi, the acting State Publicity Secretary of APC made this known in a chat with journalists yesterday in Asaba.

According to him, APC strongly oppose the sale for many reasons but more importantly for its lack of transparency, saying: ‘’It is a sale that seems to have been organized, arranged and executed against Deltans.

APC

“We are also concerned that, under this deal, the name ‘Delta Line’ can be changed just after five years. It means that God-Is-Good Motors can then rename the company after itself if it succeeds in buying off the remaining 40% equity for whatever amount. In the end, the people of Delta State will be the losers.

“Our history has shown that PDP-led governments in Delta State have indeed demonstrated a penchant for stripping the state of its assets. After many years, we have become aware of the controversial sale of Econet shares under the Ibori’s administration, Guinea House and Asaba Textile Mills under Emmanuel Uduaghan’s administration.

”Delta Line is the only state-owned land transport company; and it is not just a brand for the state but a famous heritage of the people. It does not only provide a service, but it is a social contract between the government and the people of the state, which has been in existence for decades from the time of the defunct parent company, Midwest/Bendel Line. Therefore, the intrinsic value of this company is much more than the monetary digits that may have been concocted on paper. This is why we insist that Delta Line cannot be sold off pretentiously for peanuts.

”We totally condemn the obscure process by which the Gov. IfeanyiOkowa administration has perfected this planned divestment. The change of ownership structure as planned is like a bogus fraud and smells of the same old tricks that previous PDP-led governments employed to favour their cohorts to the detriment of the people. This deal only serves to validate accusations that Governor Okowa is also out to exploit Delta State, as previous PDP-led governments had done since 1999.

”Delta State APC supports that the Delta Line heritage be saved, support an open and transparent process that will breathe new life and capacity into this service, through an holistic review, including proper revaluation of the assets of the company in a way that does not short-change the people of Delta State but ensures efficient and cost effective delivery of the services.

“We urge Governor Okowa rescind the sale and restart this entire process to make certain that he is not consciously or unconsciously modifying a deceitful takeover and forceful conversion  of the people’s assets for personal benefit’’ he added.

 

 

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