Plan by Bello Kogi Gov to borrow 500 million USD uncovered

Mr. Dino Melaye, a Nigerian Senator from Kogi state has alleged that his state governor, Mr. Yahaya Bello wants to borrow USD 500 million loan.

Dino said the Governor wants to borrow the loan from East-West Capital Corporation of United Arab Emirates
without passing through the lawmakers.

Dino said the loan is for refinancing the Kogi state local debt.

He said the state governor is making all necessary effort to avoid the lawmaker and access the loan through the back door without approval from the lawmakers as required when taking such loan.

Dino also accused the governor for making attempt to borrow and finance the 2019 elections using loan as a cover.

When Petra Onyegbule, Chief Press Secretary to the Kogi state governor was contacted for explanations, she denied knowledge of the plan.

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