Exposed! Kogi Government set to obatain Another N11bn Loan

THE LEAKAGES has reliably gathered that the Kogi State government has perfected plans to obtain another loan to the tune of 11bn. 

The Commissioner of Finance, Idris Ashiru was said to be at the Federal Ministry of Finance Abuja four days ago to perfect all the arrangement for the release of the loan but was denied due to quick intervention from stakeholders who insisted the loan will be misappropriated if released. 

The Kogi State Speaker, Prince Kolawole Mathew who is known as a rubber stamp speaker to the Governor is said to have also given his approval to obtain the loan on behalf of the state assembly without the knowledge  of other members.

The Speaker is notoriously known for taking bribes to do the bidding of the executive at the expense of the assembly and other members of the house.

Recalled that from October last year to January this year the Governor has obtained a total of N14bn loan, N4bn for the establishment of a non functional rice mill and N10bn for the payment of outstanding salaries despite all the bailout funds and PARIS refunds in billions of naira accessed by the government.

Kogi state workers are still being owed over two years salaries, reason for taking the loan is still unknown at the moment. 

Details soon.