representing Ondo-North, Prof. Ajayi Boroffice, has
warned Zenith Bank Plc against approving a N7bn loan
request made by the Ondo State Government.
in a statement issued on Sunday, said the loan request
made a few months to the expiration of Governor Olusegun
Mimiko’s tenure, was not a sound economic decision.
“The management of Zenith Bank PLC is advised to learn
and be guided to reject the loan request having realised
the high degree of risk attached,” he said.
lawmaker said although the loan request was
approved by the Ondo State House of Assembly,
major stakeholders in the state were not
consulted before the state lawmakers backed the
accused the state lawmakers of trading the collective
interests of the state on the altar of loyalty to the
Peoples Democratic Party government in the state.
Ondo State Commissioner for Information, Mr. Kayode
Akinmade, however, said that the statement by the
senator smacked of hypocrisy and sheer ignorance.
said, “Lagos is the most indebted state in the country.
Why has Boroffice not spoken against Lagos State’s
borrowings? Both Lagos and Edo states have just put loan
proposals of $200m and $75m respectively to the Federal
Government and the senator has not found his voice to
caution these states.
“Leaders should think before they open their mouths to
criticise and criticisms should be based on objectivity
and honesty. There cannot be two rules; if APC
governments at the state level are obtaining loans, what
stops PDP governments? Boroffice is an enemy of the
state. He wants Ondo to be grounded.”
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