Says move illegal, govs on their own
By Henry Umoru,
THE Senate has warned the Chairman, Northern State Governors’ Forum, NSGF, and Governor of Borno State, Kassim Shettima, against plan by governors of the region to obtain loan from Saudi Arabia. Shettima had led four northern governors two weeks ago to Saudi Arabia to negotiate for loan with the Islamic Development Bank, IDB.
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He said the visit was just an exploratory one and not necessarily to ask for loan. Contacted, Senior Special Assistant, Media and Publicity to the President, Mr Garba Shehu, said the Presidency had no comment on the issue.
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According to the Senate, no state borrows such money without the approval of the National Assembly. It said that the move to get the loan by the governors was not only contrary to the constitution of the Federal Republic of Nigeria, but also illegal, stressing that the governors should urgently jettison their plan.
The Senate noted that whoever must have led the northern governors to Saudi Arabia for such a loan was ignorant of the relevant provisions of the law or had chosen to circumvent the law.
Read more at: http://www.vanguardngr.com/2016/02/saudi-loan-senate-cautions-arewa-govs/