N35billion loan: Group denounces Saraki link

Date: 2021-08-21

The Kwara Consultative Stakeholders Forum, which sued the state governor, Abdulrazak AbdulRahman and others on the proposed N35billion bond/loan, has denied any connection with Dr Abubakar Bukola Saraki, a former governor of the state, in the suit.

The group, in a statement signed by its chairman, Alhaji Ayodele Olaegbe, said linking Saraki to the group is not only outrageous and demeaning but another failed effort by government propaganda machinery to deflect the general public from the issue of impropriety of the bond.

Olaegbe insisted that the group has no link, directly or indirectly, to the former Senate President or any individual or political interest.

The statement read in part, " the case reference number CAC/IT/NO 141207, at the federal high court, Abuja, is premised on our suspicion and conviction that a situation where a state appoints a Special Purpose Vehicle, SPV, to float a private bond is a strategy to avoid public scrutiny and suggests that the likely investors aren't inclined to be those that are statutorily bound to comply with the guidelines of transparency in financial transactions.

"We also believe that the bond/loan was hurriedly approved by the State House of Assembly and didn't go through established norms of legislative approval.

"Once a bond is sourced to carry out governance due to lack of funds, the people must be alive to participate in its process through public hearing.

"More importantly, this government is yet to explain to kwarans how it intends to balance the dispensation of the funds and repayment mode without subjecting the people to an additional hardship."

Saraki attends function in Abuja amid reports of EFCC arrest for money laundering

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Elesie Of Esie     Ahmad Ali     IPSAS     Olusegun Adeniyi     UITH     Abdulganiy Abimbola Abdussalam     Okin Group     Assayomo     Abiodun Oyedepo     Economic And Financial Crimes Commission     Alao Ayotunde     Yetunde Balogun     Saidu Yaro Musa     Baakini     Gobirawa     First Lady     Federal Neuro-Psychiatric Hospital     Idris Amosa Oladipo Saidu     Muhammad Mustapha Suleiman     Erubu Oba Zubair     Is\'haq Modibbo Kawu     AbdulGaniyu Kareem     Suwa-Arabs     David Oyedepo     Otuka     Sunday Fagbemi     Yusuf Badmus     Ogidi-Oloje     IESA     Sulyman Age AbdulKareem     All Peoples Party     Adanla-Irese     Summit University     Kunle Akogun     Ilorin South     Ibrahim Taiwo     Na\'Allah     National Party Of Nigeria     Michael Nzwekwe     Yusuf Aiyedun     Kwarareports.com     Amusa Bello     Alabi Olayemi Abdulrazak     Kwara United     Otoge     Dauda Adeniran Adeshola     Basic Education Certificate Examination     Demola Banu     Adesina Simon Sodiya     Yusuf Amuda Gobir     Olatinwo     Ojuekun Sarumi     Bayer Nigeria Limited     Omoniyi M. Ayinla     Dunmade     Emir Of Lafiagi     Abdulhakeem Amao     Kolade Solagberu     Halimah Perogi     Zainab Abass     Kazeem Gbolagade     Okoolowo     Oni Adebayo     Yahaya Abdulkareem Babaita     Sheu Ndanusa Usman     Alabere     Abdulrahman Iliasu     AGF Abdulrazaq     Yusuf A. Usman     Communication Network Support Services     Kwara Liberation Group     Colleges Of Education Academic Staff Union     Samuel Olusegun Adedayo     NIPR     Ebola     Oro Grammar School Old Students Association     Jaigbade Alao    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Idris Amosa Saidu     National Association Of Nigerian Students     Rueben Parejo     Aliyu Umar     Suleiman Alege Kuranga     Abdulkadir Bolakale Sakariyah     Tsado Manman     Saliu Ajia     Abdulfatah Ahmed     Umar Yakubu Jaja     Rex Olawoye     Kwara South     Hauwa Nuru     Amosa     Iyabo Adisa Ibiyeye     James Kolo     Muhammed Taofeeq Abdulrazaq     Neuropsychiatric Hospital     Code Of Conduct     Kwara State Branch Of The National Library     Kola Olota     Simon Sayomi     Nnazua     Olabode George Towoju     Muyiwa Oladipo Kanu     International Vocational Centre     Saka Balikis Kehinde     Bola Olukoju     Abdulkareem Alabi     Oko Erin     Folashade Omoniyi     Saadatu Modibbo-Kawu     Joseph Bamigboye     Olukotun Of Ikotun     Abdullahi AbdulMajeed     Okanlawon Musa     Tuesday Assayomo     Cornelius Adebayo     Amina El-Imam     Garba Ado Sanni     National Union Of Road Transport Workers     Michael Imoudu National Institute For Labour Studies     John Obuh     Sidikat Alaya     Bashir Adigun     Quran     Funmilayo Zubair     Ghali Alaaya     Okedare     Kwara Metro Park     Razak Atunwa     KWACOBPA     Taofeek Ibraheem     Yusuf Aiyedun     Ubandoma Of Ilorin     Baba-Isale     Towobola Abdulrahman Toyin     Abdulmumini Sanni Jawondo     Government House     Mufti Of Ilorin     Sardauna     Oju Ekun Sarumi     Pakata     Solomon Edojah     Yusuf Amuda Gobir     Lawyers Unite Against Corruption     Sulu Gambari     Nigeria Computer Society     Moronfoye     Sa\'adu Salau     Mohammed Khadijat Kubura     Jalala     AbdulQowiy Olododo     Kwara State Polytechnic     Forgo Battery Company Limited     Adekunle David Dunmade     C2c@kwarastate.gov.ng