Politics
Former Bauchi governor denies allegation of leaving behind N137 billion debt
The immediate past governor of Bauchi State, Mohammed Abdullahi Abubakar, has denied allegations that he was bequeathing a huge debt amounting to N137 billion to the new administration.
In a statement issued on Sunday by his Special Adviser on Media and Strategy, Ali M. Ali, Abubakar said the claim by the newly sworn-in Bauchi State Governor was incorrect.
The statement reads; “Throughout the four-year tenure of the former leader (Mohammed), the government did not take a single commercial loan. We, however, acknowledge the receipts of various intervention loans from the Federal Government totalling N34.6 billion. These were concessionary loans by the Federal Government to states with heavy financial burden and lean purse.
Read also: Bauchi sinking under N136bn debt, Governor Bala Mohammed claims after being sworn in
“All states were beneficiaries except Lagos and Akwa Ibom states. For example, the government benefitted from Bailout loan of N8.6 billion; Infrastructure Loan, N10 billion; CBN CACS loan, N8 billion and Budget Support Facility loan N8 billion. Collectively these total N34.6 billion.
“Before its tenure ended on May 29th, the government of Abubakar ensured that the refund was effected despite the machinations of detractors; some of whom are very visible now. At no time was the government of M.A. Abubakar engaged in frivolities in the management of very lean resources.”
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