PDP Issues Strong Warning To Buhari’s Govt Over Bailout Fund To Gov. Yahaya Bello

The Peoples Democratic Party (PDP) in Kogi State has warned against releasing the balance of N30 billion bailout to the state government under the leadership of Governor Yahaya Bello.

The party claimed it had gathered that Governor Bello and the commissioner of finance had intensified efforts in lobbying the federal government to secure the release of the balance of the bailout.

The PDP in a statement yesterday which was signed by the state publicity secretary, Bode Ogunmola, said there was the need to probe into the utilization of the past funds so far released to the governor.

The party noted that the state is hugely indebted and is owing workers salaries for upward of 38 months after it has taken several loans from banks without any development to show for it.

The PDP said, “All the administration has embarked upon is reckless looting of state resources and any attempt to compromise by the CBN would be a great disservice to the suffering people of Kogi State.”

The PDP disclosed that the bailout itself is not a free fund as the money is a loan that would be paid back over a period of time with 9 per cent interest.

“Any government that prides itself in probity will ask questions on how past releases were utilised before committing the state into further debt,” the statement said.

The PDP, however, explained that while it is not against the payment of workers their entitlements, it was pertinent that the Central Bank of Nigeria should initiate moves to probe the utilization of earlier releases and make arrangements to pay workers directly.

The opposition party warned that any further release to Bello would amount to a disservice to the poverty-stricken workers of Kogi State, pointing out that the government is financially reckless and has a penchant for not paying salaries.

The PDP asked the CBN to pay Kogi workers directly stating that any attempt to release the balance of bailout to Governor Bello, would amount to giving him his pay off because the government has been rejected and would be voted out in November.