Kano State governor-elect, Abba Yusuf, says he will not honour any loan issued to Governor Abdullahi Ganduje’s administration after the March 18 gubernatorial election in the state.
Yusuf stressed that his government won’t honour or pay back such loans when he assumes office on May 29, 2023, warning all subsisting and prospective lenders to stop giving the present administration loans.
The governor-elect made this known via a statement issued on Saturday by his Chief Press Secretary, Sanusi Dawakin-Tofa.
The statement read: “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:
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“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.
“This advisory is made in the public interest, please,” Dawakin-Tofa noted.
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