Former El-Rufai commissioners reply Kaduna lawmakers over alleged N423 billion loan fraud

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The commissioners said the report is the 'outcome of a process motivated by malice and conducted with patent unfairness, irredeemably...

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They affirmed the integrity of their administration which they said impacted with innovations that accelerated the modernisation of Kaduna State. In spite of repeated requests and inquiries from us and various colleagues of ours, no certified true copy of this Report has been released to any persons who were mentioned in the report or who testified before the Ad-hoc Committee in response to its summons or who were indicted .

We dismiss this Report and the processes associated with it in their entirety. The Report is the outcome of a process motivated by malice and conducted with patent unfairness. It is irredeemably riddled with falsehood, predetermined conclusions, and misrepresentation. a. Contrary to the allegations, we affirm that there is no basis for the wild claims about money laundering. This baseless allegation is the peak of the defamatory agenda to which the Ad-hoc Committee and the Kaduna State House of Assembly willingly lent themselves as spineless accomplices. It is crafted to sound weighty, but it is just hot air pushed out to excite passions and stoke outrage.

the only subnational in Nigeria that has received this kind of credit. ii) Like other loans raised by the El-Rufai administration, the USD 350m World Bank Performance-for-Result loan was properly utilised in furtherance of the development of Kaduna State. The report also listed the following loans totalling over USD600m that were secured, but with NOT A CENT DISBURSED June 2015 and early 2020 confirms this! To enhance the delivery of its progressive governance agenda for Kaduna State, the El-Rufai Administration approached the World Bank for credit.

iThe Report put the foreign loan exposure of the State at USD578.14m but went on to attribute foreign loans amounting to over USD2bn to the El-Rufai Administration. It cited an XDR 494.

How can the Kaduna State House of Assembly claim that the loans were not properly utilised when the projects for which they were obtained are the only things the current Administration has been able to show to the citizenry in the past year? Is it logical or credible to disclaim and ridicule loan-taking while basking in the projects paid for by these same loans?Contract awards under the El-Rufai Administration followed due process in every case, in compliance with the Kaduna State Public...

 

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