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APC Warns Ogun Banks Against Honouring Amosun’s “Last Minute” Loan Request

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Ogun state chapter of All Progressives Congress (APC) has warned banks and other financial institutions across Nigeria against honouring any “last minute’s” loan request from the state governor, Ibikunle Amosun.

In a statement issued and signed yesterday in Abeokuta, the state capital by the State Publicity Secretary of the Caretaker Committee of the party, Ambassador Tunde Oladunjoye, APC urged financial institutions doing businesses across the state not to be intimidated by any threat from the outgoing governor over their refusal to grant his administration any loan.

Oladunjoye in the statement, explained that the incoming administration of the governor-elect, Prince Dapo Abiodun will not honour “any financial obligation” that failed to follow the due process whenever it is eventually inaugurated by May this year.

The APC Caretaker Publicity Secretary said the warning became necessary in view of the recent news emanating from the state Secretariat that the out-going governor has been mounting pressure on civil servants to move vital files out of the government quarters “since Dapo Abiodun has been declared as governor-elect”.

APC however, maintained that any financial institution that grants Amosun’s last minute loan request “does so at its own risk”.

“It has come to our notice that the outgoing governor has been exerting pressures on banks and financial institutions to grant frivolous loans, overdrafts and other instruments immediately Prince Dapo Abiodun was declared Governor-Elect.”

“We are equally aware that files and other sensitive governments documents are being moved out of government offices  on the order of the outgoing governor, His Excellency, Senator Ibikunle Amosun.”

“It is therefore important to let it be known to the concerned public officers that it is part of their duties to protect public properties, including files, documents and information at their disposal as anything contrary to this will be running foul of the laws and their oath of office”.

“The allegiance of the civil servants is to Ogun State and not to any individual, no matter who”.

“As for the banks, we want to state categorically that the incoming administration believes so much in the the rule of law and due process. Therefore, the administration will not honour any obligation that did not follow due process or any loans that did not receive the prior approval of the State House of Assembly”.

“According to the Federal Bureau of Statistics, Ogun State’s Internally Generated Revenue has increased by 590 per cent in eight years totaling N74, 835, 979, 000.51 (Seventy Four Billion, Eight Hundred and Thirty Five Million, Nine Hundred and Seventy Nine Thousand Naira and Fifty One Kobo)”

“Why the outgoing administration still wants “injury-time” loans despite those already incurred, beats one’s imagination and leaves much to be desired. The incoming administration will not honour such shady loans”.

END

 

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