Sunday, April 14, 2024

El-Rufai: I warned like a prophet – Shehu Sani on $350m Kaduna loan


Former Kaduna Central Senator, Shehu Sani, has stated he was like a prophet he warned concerning the $350 million World Financial institution mortgage request by ex-governor Nasir El-Rufai.

Sani stated regardless of his warning, individuals refused to pay attention..

Addressing journalists on Sunday, Sani
stated the state received’t be in such a scenario if El-Rufai’s administration had heeded his warning.

He stated: “The hour of reckoning has come for each citizen of the state,” Sani stated, reacting to the present fiscal challenges in Kaduna.

“I used to be insulted for saying no to that mortgage. The hour of reckoning is right here to each particular person in Kaduna state.

“Identical to the best way Lot (within the Bible) warned individuals, prophets of the previous warned individuals, however they refused to listen to and you then see pedition and affliction.

“In the identical method, I warned the individuals of this state, however they have been instructed that the cash will carry paradise — land of milk and honey.

“As we speak, you possibly can see the issues at hand so far as that mortgage was involved.

“As we speak the state is strangulated due to that cash which we couldn’t pay.

“We borrowed $350 million when the naira was N400 to the greenback and we’re going to pay when the naira is what it’s at present,” he added.

Final week, governor Uba Sani has raised an alarm over the state’s big debt profile operating into billions of {dollars}.

In 2018, Sani and two different senators from Kaduna state — Suleiman Hunkuyi, a member of the All Progressives Congress (APC) representing Kaduna north senatorial zone; and Danjuma Laah of Peoples Democratic Celebration (PDP), Kaduna south-central senatorial zone — rejected strikes by El-Rufai to take a $350 million World Financial institution mortgage.

Sani and Hunkuyi ultimately misplaced their bids for re-election and have been changed by Uba Sani and Suleiman Kwari who lobbied for the approval of the mortgage.

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