PDP Cautions Banks against Loans to Yahaya Bello  


The Peoples Democratic Party has cautioned commercial banks in Kogi State against granting loans or any form of credit to the incumbent governor, Yahaya Bello.

The party warned that it would not shoulder such responsibility at the end of the governor’s tenure.

In a statement issued by its National Publicity Secretary, Kola Ologbondiyan, PDP said it was in possession of information 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,” PDP said.

The party however called on financial watch organizations to join the people of the state to monitor all the monetary activities of the administration, especially the 10.06bn refund from the federal government.

According to PDP, the money must be “declared and directly channeled for the payment of salaries so as not to allow the ring of APC leaders achieve their plot of diverting and stealing the money for their selfish purposes.”