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| Tom |
The governor of Kogi state, Idris Wada
has in his characteristic manner lied to the people of the state
especially the TUC, NLC and others over the circumstances surrounding
the bailout fund promised by the federal Government.
Wada, from our investigations failed to
apply but lied to the whole world that he had applied but was denied by
the CBN and the Federal government. He even at a point lied that it was
Audu Abubakar that advised the federal government not to grant him the
loan.
Our investigations, revealed that Wada
had tactically refused to apply for the loan because of the backlog of
loans arrears the state is already enmeshed in. The federal government
bailout fund was initiated by president Buhari after the cash strapped
states like Kogi, approached the federal government for assistance
because they were owning their respective civil servants many months of
salary arrears.
The loan is repayable at the interest
rate of 9% over a 20 years period and it is specifically designed for
paying the backlog of salaries.
As at 18 September 2015, 24 out of the 27 that applied for the bailout fund had received about #222bn. Only Borno, Bayelsa and Cross River are yet to receive their own.
The question is why is Wada lying and claimed he has applied, when did he apply?
Where is the resolutions of the state
Executive Council authorizing the borrowing? When was the meeting held
and who were the people in attendance including minutes of the meeting?
Where is the document by the state house of Assembly consenting to the
loan as required by the law setting up the fund? Where is the issuance
of irrevocable standing payment order from the ministry of justice of
the state to the federal government guaranteeing a timing repayment at
source from the state federation account allocation? Let Wada answer
these questions.
The release of the 338bn bailout fund by
the federal government followed the restructuring of the state
government debts into bonds by the debt management office at an interest
rate of 14.83% of the value but Kogi is already enmeshed in several
loans and could not guarantee the payment of bailout fund and instead of
telling the truth, Wada began to lie to the people. What a shame!
We want to use this opportunity to
advise Kogites especially the workers to disregard in its entirety the
arrays of lies being put together by governor Wada and his agent to
deceive the people and cover his failures. Because we read a bulletin no
02 on N50.8 billion bailout issued by NLC/TUC/JNC alleging silence from
both the CBN and the federal government over ‘’even three weeks after
our last press conference. In addition, we are equally not comfortable
with the position the CBN categorized Kogi state in the lead story on
page 30 of the Punch Newspaper of Thursday 29th0ctobe,2015. The bulletin
wrote.
The Director, Corporate Communications,
CBN, Mr Ibrahim Mu’azu, and other sources at both the CBN and DMO have
revealed to us that Wada did not apply for bailout fund.
Reacting to the
allegations the special adviser to the kogi state government on media and
publicity Jacob Edi pointed that its quite unfortunate that the APC head of
media and publicity audu/faleke governorship campaign dr tom ohikere who is
saddled with the responsibility of providing adequate information is under informed.
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| Jacob Edi |
The SA media to the governor noted that it is on record that
governor idris wada did not just apply for bailout fund but has also met
president mohammadu Buhari to plead with him on the release of the bailout fund
in order to offset workers salaries owed and attend to state matters.
He said governor wada had gone to see the CBN Governor three
times and went to the President to complain that kogi is being delayed.
It will be recalled that, The CBN had in September, after giving out the bailout funds to 18 states, said four states, including Kogi, were still being processed. But more than a month later, Kogi is still waiting for the fund.
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