Kano Gov Elect cautions against debt suspension advisory
By Musa Abdulkadir Kano
Debt
Kano, The Kano State Governor-Elect, Malam Abba Yusuf, has directed a Public Advisory be issued to all subsisting and prospective lenders to the Kano State Government viz.
This is contained in a statement issued on Saturday in Kano by the Chief Press Secretary to the governor elect Sanusi Bature Dawakin-Tofa.
Dawakin-Tofa said that the 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,”,the statement stated.
