The three senators representing Kaduna State in the upper chambers of the National Assembly have warmed banks and financial institutions not to extend loan facilities to the Nasir El-Rufai led Government.

This is contained in a statement Senators Suleiman Hunkuyi (Kaduna North), Shehu Sani (Kaduna Central) and Danjuma La’ah, (Kaduna South), jointly signed and issued in Abuja.

They said the warning became necessary following alleged move by the state Governor, Nasir el-Rufai, to obtain huge loans through the back door.

The Senate had in April 2018 turned down Kaduna State Government’s request for the approval of a $350million loan

But the senators advised money lenders to approach the Debt Management Office (DMO) for necessary briefing before venturing to grant loan facility to the state government.

The two-page statement read in full: “Caution to chief executives of commercial banks and other fiancé houses, local and abroad, on loan offers beyond the solvency of Kaduna State Government emphasised that the Kaduna State Government recently failed the Legal litmus test in obtaining a World Bank facility to the tune of USD 350,000,000, through the process of the Nigerian Senate.

“Information available to us the three senators representing Kaduna State confirms the resort by the state government to other routes in obtaining loans, local and international.

“The Committee on Foreign and Local Loans/Debts of the Senate is not unaware of efforts by the state government to negotiating with some Finance Houses to procure huge foreign loans to the detriment of state government.

“Such efforts being made through private finance management companies may have to do with the failure of the state government to secure the disapproved USD 350million earlier this year through the Senate.

“The public to note, the extent of desperation the state chief executive went to town on personalising the official disapproval of the loan, which was officially reported by the Senate and backed by the DMO official reports.

“The desperation of the state government has now reached an epoch of reckless dimension as to use private finance companies (Home and Abroad) to negotiate and procure similar facilities through other mediums alternatively circumventing the Senate.

“The Senate committee on Foreign and Local Debts and senators representing Kaduna State are also aware of the efforts of Kaduna State Government to negotiate and collect huge unreasonable sums of local currencies loans through Nigerian local banks.

“It is imperative to mention here that Kaduna State solvency in collecting such loans (in those huge amounts) and obviously, and objectively are incapable of carrying such huge debt burdens.
“The moral causes of a government few months from elections, with no clear identity of requisite public supports and sympathy to be re-elected aside.

“The recklessness with which these loans are being heaped on Kaduna State Government from many commercial banks in such huge sums calls for caution

“The three senators and indeed the committee for foreign and local debt of the Senate use this medium to alert chief executives of the local commercial banks, finance houses, foreign finance managers and finance houses, to take seriously the commercial and ethical responsibilities in doing business with the current leadership of Kaduna State Government under Governor Nasir el-Rufai.

“The banks and finance managers are in their own interest and the wider interest of the l public in the state advised to not only seek approval of Kaduna State legislature (Which has long before now turned to be a rubber stamp of the governor), but also turn to the DMO for correct indices and reports of the current debt status of the state government.

“For the Kaduna State House of Assembly, it is worthy for you to be reminded that you are in those offices to protect the interest and integrity of the people.

“Therefore, the Committee for Finance and Clerk to the state assembly to publish all the requests for local and foreign loans received from the state government, and the various approval and those under consideration of the assembly or its relevant committees.

“The three senators, want to use this medium to also thank the public in our dear state for the understanding and support for us to continue to do our duties no matter the intimidation by the state government.”

http://www.titopeblog.com/2018/05/dont-give-el-rufai-loans-kaduna.html

Don't even think about it. He will only use it to fight southern Kaduna Christians.

Elrufai go curse tire

The same loan Aregbesola took and he turned Osun people to IDPs


Give him and there will be more almajaris in kaduna.

The NASS should recommend and approve equivalent Loans, as Kaduna State is asking, to the 36 States of the Federation, specifically to build modern Ranches, integrated infrastructures and Food Storage Facilities for the States.
Planned healthy competition, isn't it? And will surely project APC in good light !!!

Well done to these Senators.

They are truly giving that fundamentalist power hungry midget a headache

See what he was quoted saying on BBC today

olajay86:


The three senators representing Kaduna State in the upper chambers of the National Assembly have warmed banks and financial institutions not to extend loan facilities to the Nasir El-Rufai led Government.

This is contained in a statement Senators Suleiman Hunkuyi (Kaduna North), Shehu Sani (Kaduna Central) and Danjuma La’ah, (Kaduna South), jointly signed and issued in Abuja.

They said the warning became necessary following alleged move by the state Governor, Nasir el-Rufai, to obtain huge loans through the back door.

The Senate had in April 2018 turned down Kaduna State Government’s request for the approval of a $350million loan

But the senators advised money lenders to approach the Debt Management Office (DMO) for necessary briefing before venturing to grant loan facility to the state government.

The two-page statement read in full: “Caution to chief executives of commercial banks and other fiancé houses, local and abroad, on loan offers beyond the solvency of Kaduna State Government emphasised that the Kaduna State Government recently failed the Legal litmus test in obtaining a World Bank facility to the tune of USD 350,000,000, through the process of the Nigerian Senate.

“Information available to us the three senators representing Kaduna State confirms the resort by the state government to other routes in obtaining loans, local and international.

“The Committee on Foreign and Local Loans/Debts of the Senate is not unaware of efforts by the state government to negotiating with some Finance Houses to procure huge foreign loans to the detriment of state government.

“Such efforts being made through private finance management companies may have to do with the failure of the state government to secure the disapproved USD 350million earlier this year through the Senate.

“The public to note, the extent of desperation the state chief executive went to town on personalising the official disapproval of the loan, which was officially reported by the Senate and backed by the DMO official reports.

“The desperation of the state government has now reached an epoch of reckless dimension as to use private finance companies (Home and Abroad) to negotiate and procure similar facilities through other mediums alternatively circumventing the Senate.

“The Senate committee on Foreign and Local Debts and senators representing Kaduna State are also aware of the efforts of Kaduna State Government to negotiate and collect huge unreasonable sums of local currencies loans through Nigerian local banks.

“It is imperative to mention here that Kaduna State solvency in collecting such loans (in those huge amounts) and obviously, and objectively are incapable of carrying such huge debt burdens.
“The moral causes of a government few months from elections, with no clear identity of requisite public supports and sympathy to be re-elected aside.

“The recklessness with which these loans are being heaped on Kaduna State Government from many commercial banks in such huge sums calls for caution

“The three senators and indeed the committee for foreign and local debt of the Senate use this medium to alert chief executives of the local commercial banks, finance houses, foreign finance managers and finance houses, to take seriously the commercial and ethical responsibilities in doing business with the current leadership of Kaduna State Government under Governor Nasir el-Rufai.

“The banks and finance managers are in their own interest and the wider interest of the l public in the state advised to not only seek approval of Kaduna State legislature (Which has long before now turned to be a rubber stamp of the governor), but also turn to the DMO for correct indices and reports of the current debt status of the state government.

“For the Kaduna State House of Assembly, it is worthy for you to be reminded that you are in those offices to protect the interest and integrity of the people.

“Therefore, the Committee for Finance and Clerk to the state assembly to publish all the requests for local and foreign loans received from the state government, and the various approval and those under consideration of the assembly or its relevant committees.

“The three senators, want to use this medium to also thank the public in our dear state for the understanding and support for us to continue to do our duties no matter the intimidation by the state government.”

http://www.titopeblog.com/2018/05/dont-give-el-rufai-loans-kaduna.html

See casting big time

Won't he pay back?

Is like his village people are now dancing on his calabash.

B..b

Bb

May God punish all those govs who took loans and have nothing to show for it except FAAC deductions

Good move by the senators

Crocky23:
Don't even think about it. He will only use it to fight southern Kaduna Christians.

people like you are mentally unbalanced

bad market for the midget

And yahaya Bello

Don't underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or an act of care, all of which have the potential to turn a life around.

Sarkin:
people like you are mentally unbalanced

Kiss the truth bro, or go and hang

They did not mention what he needs the loan for. If the project he requires that loan for, can generate income towards offsetting the credit facility, then I see no problems in that.

The Governors need to work in conjunction with their State Representatives in the 3 Arms of Government to provide a good living condition and infrastructures for their citizens.

I personally think Nigeria as a country has failed, the world has moved on, but Nigeria is retrogressing. The good thing is that the citizens now have access to more information in order to migrate to better places.

Causes of delay in corruption cases against ex-governors in Nigeria:
1. Preliminary objections: 24
2. Interlocutory appeals: 24
3. ACJA issues: 30
4. Suspicious court orders: 5
5. Immunity: 9
6. Gag orders: 12
7. Legal Loopholes: 4
8. Poor prosecution: 17
9. Alleged ill-health: 8

Steal tomatoes and those judges will give you 7 years immediately without hesitation. One law for the influential and the rich, another law for the commoners

he will just give it to his herdsmen brothers

They just collect loans, squander it and the people are made to repay them.

Sarkin:
people like you are mentally unbalanced

you the real wey-rey here, somebody who has less than 1year to stay in office want to collect such huge loan? Hellrufire is a thief