The Kano State Governor-elect, Abba Kabir Yusuf, has issued another order against the issuance of loans to the incumbent government by both domestic and international lenders.
Naija News reports that this is the second order Yusuf would be given in the last few days without the consent of the incumbent government.
The governor-elect said the fresh Public Debt Suspension advisory had become necessary because lenders need to be informed that no loan should be given to the state government without the consent of the incoming administration.
He said the advisory to lenders was in the interest of the state.
The advisory signed by Yusuf’s chief press secretary Sanusi Bature Dawakin Tofa, Abba submitted that “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.”
It would be recalled that the Kano State governor, Umar Ganduje warned his successor not to forget that he still remain in charge until May 29.