Kano Governor-elect distances his incoming administration from liabilities of new loans

The Kano State governor-elect, Abba Yusuf, has issued an advisory to domestic and international lenders warning them not to give loans to the outgoing Governor Abdullahi Umar Ganduje without the consent of the incoming administration.

The governor-elect, in a statement by his spokesman, Sanusi Dawakin-Tofa, said whoever gives such facility to the outgoing administration does so at his/her own peril as his administration would not honour such loan.

Before the latest debt advisory, the Governor-elect had demanded the immediate suspension of all ongoing construction works on public places already sold by Ganduje’s administration.

Of particular concern, were portions of land carved out of graveyard, public schools, Mosque premises, healthcare center, court premises and government reserve areas.

The statement reads in full:
Public Debt Suspension Advisory

The Governor-Elect of Kano State His Excellency Engr. Abba Kabir Yusuf has directed that this Public Advisory be issued to all subsisting and prospective lenders to the Kano State Government viz.:

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;

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.

This advisory is made in the public interest, please.

Signed by Chief Press Secretary

Sanusi Bature Dawakin Tofa
For and on behalf of the Governor-elect