Delta HOS Expresses Concern Over Proliferation Of Loan Scheme Operators

By Aruoriwo Ivovi

Delta State Head of Service (HOS), Mr. Reginald Bayoko, has expressed concern over the proliferation of Public Officers’ Loan Scheme Operators in the state, saying the number of applications before his office was on the rise.

Bayoko made the observation on Thursday, April 15, 2021 at Asaba when he received the Chairman and other members of the Association of Delta State Public Officers’ Loan Scheme Operators who were in his office on a courtesy visit.

The HOS described their visit as apt and timely, noting that the number of finance houses and operators seeking for approval to enable them grant loans to civil servants and deduct repayment at source has increased astronomically.

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He however, expressed disappointment that some of the operators of the loan scheme were not living up to expectations.

The HOS revealed that some of their members would be appointed into a committee his office was about to set up to look into the matter.

Earlier, the Secretary of the Association, Mr Augustine Dottie, who read the chairman’s speech, appreciated Delta State Government for granting them the privilege of carrying out their loan business within the public service of the state.

He pointed out that the visit was to seek further areas of mutual collaboration between the association and the state government.

The association’s chairman sought for the assistance of the HOS to in resolving some sharp practices and excesses in the scheme including sudden downward review of monthly deductions of a running loan, which he said was negatively affecting their business.

On ways to sanitize the system and weed out quacks and unprofessional practice, the association suggested to the HOS, to direct all new requests for approvals to present a recommendation letter from the body as criteria before such applications could be processed.

It opined that with such initiative, the association would be able to take new entrants through the procedures, rules and regulations guiding the borrowing finance business in the state.