Ahead of the November 16 governorship election in Kogi State, the opposition Peoples Democratic Party (PDP) has cautioned commercial banks in Nigeria to be circumspect in giving loans, or any form of credit to Governor Yahaya Bello.
It said banks should not give loans to “the administration of out-going Governor Yahaya Bello of Kogi State, as the state is not willing to bear any responsibility for such facilities when Governor Yahaya Bello vacates office in a few months time.”
The party stated this in a statement by its spokesman, Kola Ologbondiyan on Tuesday. It said that banks should note that its governorship candidate, Musa Wada, would defeat Bello.
“The PDP cautions financial institutions to note that Governor Bello and his administration now have a Caveat Emptor badge and that the people of Kogi are not ready to inherit their financial liabilities,” PDP said.
The party added that the caution was sequel to information to its disposal on alleged intentions of the Bello administration to mislead commercial banks into granting it huge loans, under certain hazy items and conditions, after which the money would be frittered by APC leaders and cronies of the administration.
“Our party wants the nation to note that the people of Kogi state can no longer accept any further mortgaging of the future of the state by Yahaya Bello, whose administration has gone down as the most profligate in the history of our nation and which cannot account for over N700 billion of Kogi fund released to it in the last four years.
“Anybody or organization in league with Yahaya Bello is directly supporting the torturing and impoverishing of the people of Kogi state by the Bello administration, which has manifested so much insensitivity in owing workers as much as 36 months salary arrears,” the party added.