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Senator Shehu Sani cautions banks against randomly borrowing money to states

Senator Shehu Sani cautions banks against randomly borrowing money to states

Senator Shehu Sani representing Kaduna central in the National Assembly has told banks and lending houses in the country to verify the actual debt status of states before lending money to them.

The senator who acts as chairperson of the Senate committee on debts, gave the caution in a tweet on Thursday, May 17.

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He said: "As chair of the Senate commitee on Debts,I wish to caution commercial Banks & Lending Houses against lending money to states without verifying their actual debt status from the DMO & without a documented borrowing approval from their House of Assemblies."

Read Senator Sani's tweet below:

In another report, Senator Shehu Sani has reacted mockingly to the threat by Segun Oni to leave the All Progressives Congress (APC) if he is not treated with respect.

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Oni, who was the first runner-up in the Saturday, May 12, APC primary in Ekiti state made the statement on the grounds that his supporters were receiving threats from the camp of Kayode Fayemi, who won the election.

He suggested that for Oni to be complaining about victimization and injustice against him in his state was a case of fire in the fire man’s house.

Let’s talk about salaries of Nigerian senators | Legit.ng TV

Source: Legit.ng

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