I Will Not Honour Any Loans Granted To Kano State – Governor-Elect, Abba Yusuf

Kano Governor-elect, Abba Kabir Yusuf, has issued a public debt suspension advisory to both domestic and international lenders.

NNPP's Abba Yusuf wins Kano guber election - Daily Post Nigeria

He has asked the lenders not to grant any request for further loans without his consent.

Recall that Yusuf had similarly issued an advisory on illegal building construction on public places.

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The Umar Ganduje government quickly reminded Yusuf that they were still in charge, reminding him that they will remain in office till he is sworn-in on May 29.

But in the second advisory contained in a statement signed by the Governor-elect’s chief press secretary Sanusi Bature Dawakin Tofa, Yusuf insisted that the Advisory is necessary.

The statement reads, “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.

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“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.”

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