The Niger State House of Assembly has clarified that it did not approve a $14.4 million loan-related request transmitted by Governor Mohammed Bago following public criticism and media reports suggesting that the state government was seeking fresh borrowing, Arewa PUNCH reports.
The clarification came after the governor requested legislative approval for a bank guarantee in favour of the United Bank for Africa under a financing arrangement involving Niger Foods Security Systems and Logistics Company.
The request was disclosed by the Speaker of the House, Abdulmalik Sarkin-Daji, during plenary while reading correspondence received from the governor.
According to the Speaker, the governor sought legislative approval for a bank guarantee valued at $14,445,007.06 under the Saudi EXIM Line of Financing for Niger Foods Security Systems and Logistics Company.
Sarkin-Daji said, “The Governor therefore requested the House to approve a bank guarantee in favour of the United Bank for Africa for a credit
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