Mr Abba Yusuf, Kano State governor-elect, has warned all subsisting and prospective lenders to the state government to desist from giving the Governor Abdullahi Umar Ganduje administration loans, saying his government won’t honour or pay back such loans coming after the March 18 election.
He also said all existing loan facilities taken by the Ganduje administration shall be renegotiated by the new administration and guided by the utilisation audit/review of each loan facility.
Yusuf’s stand was contained in a statement by his Chief Press Secretary, Sanusi Dawakin-Tofa, and made available to newsmen on Saturday morning.
According to the statement, “The Governor-elect of Kano State, Engr. Abba 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 utilisation audit/review of each loan facility.
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