APC Rejects a N100 billion Bond, Claiming N43 Billion loan Unaccounted for

The main opposition party in Adamawa State, the All Progressives Congress (APC) has rejected the State Government’s request of 100 billions Naira bond without due stakeholders consultations, despite having approval from the State house of assembly, at an emergency plenary session on May 10, 2021.

The APC State Caretaker publicity Secretary Mr Mohammed Abdullahi, Accused the state Government of Mortgaging the future of Adamawa State in his reactions to the Bond request.

“As the most viable and visible opposition party in the state, we are
worried and disturbed for the request and approval of N100 billion Agric
business bond by the state government.

“The people of Adamawa
should understand that the present and future of the state has been
ambushed by this act of the executive and legislative arms in the state.

“Apart
from the N100 billion bond that has been approved, there are still
numerous other loans collected by the same PDP-led administration of
Gov. Ahmadu Fintiri in 2019 and 2020,” Abdullahi said.

Abdullahi
alleged that from May 2020 to date, the PDP-led administration in the
state has collected loans of about N43 billion, which he said could not
be properly accounted for.

“As an opposition, we are taking it as duty to protect the common interest of people of Adamawa.

“We
are calling our National Assembly Members, Central Bank, Debt
Management Office and the EFFC to come to the rescue of the state by
investigating the matter,” Abdullahi said.