Kogi PDP chides CBN for releasing bail-out fund to Bello-led govt

Kogi State Chapter of the Peoples Democratic Party, PDP, has berated the Central Bank of Nigeria, CBN, over the release of bailout fund to Kogi State, accusing the apex bank of partnership in its operations.

Gov. Yahaya Bello of Kogi StateGov. Yahaya Bello of Kogi StateGov. Yahaya Bello of Kogi State
The party, in a statement by its Publicity Secretary, Bode Ogunmola, said Bello lied to the state workers when he alluded to the efforts of the last administration to access the loan as a shoddy job.

Ogunmola referred to the correspondence between the state government and the CBN in the last quarter of 2015 and insisted that the apex bank had no reason not to have released the money last year.

According to him: “It was public knowledge that at that time Kogi State was a PDP state while the APC ruled the roost in all matters in Abuja, including the CBN.

The situation where the bank pressed for additional documentation, before the formal release of the lifeline, even though no other state which applied for the facility, was so asked at that time smirks of partisanship.

The CBN must have been surprised to receive the state government’s response to all the above within 48 hours. Yet the money was not released.”

All manners of pressure and lobby was mounted to secure the release but the paymasters were set not to release the money to Wada as a sure way of ensuring he loses the election.”,

Similarly, Kogi Unity Group, has faulted what it described as “convoluted facts” contained in the Governor Yahaya Bello’s May Day address to workers about the release of the bailout fund.

KUG spokesperson, Abdulraheem Ojonimi, in a statement noted that, “Governor Bello himself knows it would have been roundly impossible for his administration as today constituted, to achieve this milestone, less than three months in office. The creeping lack of depth in the administration, the worrisome level of inexperience, the suspect human resource quality and aggregate lack of temperament and aptitude for governance of the Bello administration, cannot sustain the appropriation of this hard-worn achievement by the PDP-led Wada administration.”