Fidelity bank card banner Camano banner
Kogi PDP warns against release of N30bn bailout to Bello

By Itodo Daniel Sule, Lokoja on 26/05/2019

Views: 284

•Governor Bello
•Governor Bello

The Peoples Democratic Party (PDP) in Kogi state has warned against the release of N30billion bailout fund by the Central Bank of Nigeria (CBN) to the Governor Yahaya Bello-led government in the state. The PDP, in a statement issued on Sunday in Lokoja by the state’s Publicity Secretary, Bode Ogunmola, said the Bello-led government must be asked to account for the utilizations of the earlier N20billion bailout funds and other funds it has so far accessed before talking of any further bailout.

The Kogi state PDP raised concerns that the state was “hugely indebted” to workers for upwards of 38 months after the administration has allegedly taken several loans from banks “without any development to show for it”. According to the PDP, “All the administration has embarked upon is reckless looting of state resources”, adding that any attempt by the CBN to be compromised into releasing the fund “would be a great disservice to the suffering people of Kogi state”.

The PDP maintained that the bailout itself is not a free fund but loan that will be paid back over a period of time with 9% interest, warning that any government that prides itself in probity will ask questions of how past releases were utilized before committing Kogi state into further debts. But reacting, the Director General on Media and Publicity to Kogi state governor, Mr Kingsley Fanwo said, “It means PDP doesn’t want us to pay the few months arrears we are owing civil servants despite the fact that it was the PDP-led government that left many months unpaid before leaving in January 2016. “Their thinking is that if those arrears are not paid, the civil servants won’t support the second term ambition of the governor.

“They are free to continue to play politics with the welfare of the civil servants while we continue to work towards ensuring the welfare of workers is taken care of. “The bailout was approved and it will be released so that we can pay workers their entitlements. The workers have cooperated substantially with the policies of our administration. They have shown great understanding of our intentions and efforts at reforming the civil service.

“This administration will therefore ensure their arrears which is a carryover from the previous PDP administration are paid. “PDP should know that the CBN under their administration is no more the CBN under the Buhari administration. The CBN under the Buhari administration is credible and accountable. It doesn’t wait for bribe to do its work”. (Daily Trust)

 

Source News Express

Posted 26/05/2019 6:35:14 PM

 

 

CLASSIFIED ADS

 

You may also like...
Election Petition Tribunal warns parties against pranks

Missing jet: Terrorism not ruled out •Anxiety mounts...

Igbos facing worst neglect under Buhari — Nwodo...

NURTW pleads for more bus stops in Lagos...

Dangote moves to alleviate suffering of Abuja IDPs,...

Over N7 billion spent to beef up security...

Jonathan, PDP rebels meet as alarm bells ring...

“Sai Baba Buhari” hits streets of UK

Jonathan’s dangerous politics

11 governorship candidates defect to APC

SMEDAN trains 3,450 retirees in vocational, entrepreneurial skills...

We stand on Atiku/Obi ticket — South East...

 

Latest News Court gives Buhari 5 days to respond to alleged certificate fraud Most wanted kidnapper shot dead in Lagos Man sentenced to life imprisonment 7 times Kidnappers shoot bank manager, abduct wife CSO flays Emir Sanusi’s responses to graft allegation Troops nab notorious bandits’ informant, logistics suppliers Appointments: APC stakeholders protest in Abuja 7 soldiers to face trial over ‘atrocity’ video Wike abolishes fees, levies for public primary, secondary schools in Rivers Don’t abuse scholarships, Amnesty Office warns non-beneficiaries in varsities We will spend our last Kobo to eliminate Boko Haram – Zulum PDP sets up fact-finding committee to investigate lawmakers’ voting pattern during NASS leadership elections

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (497,963 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (427,055 views) Shameless Genevieve Nnaji exposes breasts in public (367,291 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (313,246 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (277,872 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (244,825 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (235,296 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (217,260 views) 10 cars more expensive than Jets (214,848 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (205,578 views) Lagos plane crash: Journalist releases victims’ names (185,510 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,624 views)

 

NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,324) Business Verdict (74) Columnists (1,055) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (627) Features (767) Global Business Monitor (384) ICT Monitor (53) International (3,621) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (310) News (47,756) Opinion (1,268) Pidgin (17) Politics (11,064) Religion (1,032) Sports (2,050) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera