Kano State governor -elect, Abba Kabir Yusuf advised banks, International and local lenders to stop approving and issuing loans to the outgoing administration of Governor Abdullahi Ganduje.
Yusuf issued this fresh advice in a statement released late Saturday night in Kano.
He said clearly that no loan facility should be granted to the state government by any lender from March 18 to May 29 without his consent.
He also said that all subsisting loans to the state government will be renegotiated by his incoming administration.
This is the second public advisory to be issued in the last 72 hours by the governor-elect to members of the public.
He had on Thursday, March 30 issued a public advisory asking people to stop construction on public lands in certain areas of Kano metropolis.
The state government swiftly reacted to this by telling him to wait until he is sworn in as the governor before taking such action.
However, Yusuf , appeared not to give a damn with this fresh public advisory issued and signed by Sunusi Bature Dawakin Tofa, the Chief Press Secretary to Governor-elect.
The statement reads thus ;
“The Governor-Elect of Kano State, His Excellency, Engr. Abba Kabir Yusuf has directed that this Public Advisory be issued to all subsisting and prospective lenders to the Kano State Government viz.:
“Effective from March 18 to May 29, no lender (domestic or international) shall approve and issue any loan facility to Kano State Government without the express consent of the incoming administration;
“Any such loan facility approved and issued to the Kano State Government between the date of election and the date of swearing-in without explicit knowledge and consent of the incoming administration will not be honoured by the new administration;
“All subsisting lenders to the Kano State Government shall take notice that all terms and conditions for all existing loan facilities shall be renegotiated by the new administration guided by the utilization audit/review of each loan facility.
“This advisory is made in the public interest, please.”
(vitalnewsngr.com)
