Governor Yahaya Bello-led government of Kogi State request for $100 million World Bank loan before the Senate has been withdrawn and redirected to the African Development Bank.
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A Senate Committee on Local and Foreign Debts report laid on the floor of the upper Chambers on Thursday revealed.
Chairman of the Senate Committee, Senator Clifford Ordia in his lead debate stated that out of three states – Katsina, Kaduna and Kogi that applied for the loan, Kogi State has changed its source of borrowing to African Development Bank.
Senator Smart Adeyemi representing Kogi West Senatorial District was oblivious of the development that he has to call Kogi State government house for clarification.
Expressing shock, he said: “Mr. President, distinguished colleagues, when I got the synopsis of the Committee report, I didn’t see Kogi among the World Bank and I became apprehensive.
“I have to call the Government House and I was told reasons they have to change from the World Bank to the African Development Bank.
Recall that Senate Committee on Local and Foreign Debts had conducted a public hearing on loan requests by Kogi, Kaduna and Katsina states.
