Yayi denies blocking $350M Ogun Foreign loan request
London, Oct. 25, 2017 (AltAfrika)-A Nigerian Senator representing Lagos West, Nigeria, Senator, Solomon Olamilekan Adeola has broken his silence over the accusations that he “blocked” the $350million external loan request by Ogun State in the Senate.
Ogun state government had written to the federal government seeking an approval for a $350million external loan which was forwarded by the Presidency to the Senate alongside other states external borrowing request for concurrent legislative approval.
Adeola popularly known as Yayi while speaking to a cross section of people who paid him a courtesy visit in his residence in Ilaro, the headquarters of Ogun West Senatorial District said that the accusations in certain quarters that he blocked Ogun state from obtaining the Senate approval for the $350million external loan was untrue and diabolical.
Senator Adeola stated further: “One would have expected that such loan request would have passed through these stages but I think somebody wanted to use Presidency link to scale through all important aspects. I also understand through my investigation later that the Ogun State House of Assembly was unaware of the request”.
He added that when the request reached the Senate committee on foreign loan and the committee report to the whole house; Ogun and Kaduna States were missing. I confronted Senators Sheu Sanni, Jibrin Barau, Akanbi and the committee Chairman specifically on why Ogun was missing.
“It should however be noted that such a loan has to satisfy certain normal procedures in compliance with
1. Fiscal responsibility act
2. Procurement act and
3. Audit act.