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BY: News Peddlers
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| Abba Yusuf |
Abba Yusuf, the Kano State Governor-elect, has warned all current and prospective lenders to the Kano State Government against making new loans.
The advisory was contained in a statement issued on Friday in Kano by the governor-Chief elect's Press Secretary, Sanusi Bature Dawakin-Tofa.
It warned that no lender, domestic or international, should grant any loan facility to the incumbent Kano State Government without the express consent of the incoming administration from March 18 to May 29.
“Any such loan facility approved and issued to the Kano State Government between the date of election and the date of swearing-in without the 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,“ the statement said.
NAN