According to the statement, 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,’’ the statement said.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Very good.
No credible financial institution/institution with boards members that have sense will take the risk even without this threat.
Good move
All financial institutions issuing loans to outgoing governors must bear in mind that it is uncalled for & such practices must be discouraged
Confirm
Bankers be warned. Approving loans at your own risk
Actually, any financial institution granting loans to 'lame-duck' administration is a fraudulent financial institution. After the election, all loan negotiations should be suspended until the new administration takes office.
Good one
Gbam gbamer gbamest cos I expect Court to have freezed all dose state accounts since but is like naija judiciary system is a joke mehn..
And you will not be qualified to take loan.
Yes good moves
Correct guy
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Source: DailyPostNGR - 🏆 11. / 59 Read more »