Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf - Politics

Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf (22785 Views)

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Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by fergie001(mod): 12:55pm On Apr 01, 2023

PRESS RELEASE

Saturday 1st April 2023

Issued in Kano

PUBLIC DEBT SUSPENSION ADVISORY

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.

Signed

__________________
SANUSI BATURE DAWAKIN TOFA
Chief Press Secretary
FOR AND ON BEHALF OF THE GOVERNOR-ELECT

SOURCE

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by Jostoman: 12:58pm On Apr 01, 2023

Very good

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by BuhariAdvocate: 12:59pm On Apr 01, 2023

Good

74 Likes 3 Shares

Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by SpartaOfLagos: 1:03pm On Apr 01, 2023

Nice one

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by Brendaniel: 1:16pm On Apr 01, 2023

Some people won't like this.....

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by ArticleBeast: 1:16pm On Apr 01, 2023

Before Gandollar go use the state carry gbese

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by WhisperedNoise: 1:16pm On Apr 01, 2023*

A welcome development. The excessive cost of governance MUST be cut. Many arms of our government are excessive and wasteful spenders. They finally leave a trail of bad debts for their successor to deal with.

Governments should be transparent with their budgets, inflows and outflows.

Nigeria needs to be rescued from the mouth of lions and thieves.

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by Ceenachi: 1:16pm On Apr 01, 2023

Good move because he wants to loot the last money since he lost election 😏
Abba Yusuf nah man you b 🙌🏾🙌🏾

If not for corruption that has eaten into the fabric of our Nation. The last election would have been between Kwakwanso and Obi. They were the only 2 credible candidates. Reputable candidates

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by VirginFinder: 1:17pm On Apr 01, 2023

This is serious

Yet he is on point

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by Justbeingreal(m): 1:17pm On Apr 01, 2023*

HE KNOWS WHAT THE CURRENT GOVERNOR CAN DO..

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Re: Any Loan Obtained Without My Permission Won't Be Honoured - Abba Kabir Yusuf by LibertyRep: 1:17pm On Apr 01, 2023

I also feel it's morally wrong for outgoing governments to take loans at the twilight if their administration. Anything you couldn't do in the past 4 - 8 years can wait for two months pending the take over of a new government. There should be a legislation to this effect.

However, the incoming too should exercise some restraints. He has no power whatsoever to issue orders until sworn in. He can't constitute a parallel government.

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