Connect with us

Hi, what are you looking for?

News

Bailout Fund: PDP Governors Warn CBN

Kayode Sesan

Governors elected under the platform of the Peoples Democratic Party (PDP) have cautioned the Central Bank of Nigeria (CBN) against becoming a tool in the hands of the ruling All Progressives Congress in the release of bailout funds to states that deserved them.

The advice came against the background of allegations of failure of the apex bank in releasing the bailout fund for Kogi State, even when other states mostly of the APC states had received theirs.

In a press statement in Abuja on Friday, the coordinator of the PDP Governors Forum, Earl Osaro Onaiwu, accused the CBN of allowing itself to be dictated to by the ruling APC on which states to get the bailout fund despite Kogi having fulfilled all the requirements. Osaro urged the CBN to insulate itself from politics and the control of the ruling party if it did not want to create political and financial crises in the country.

 

__________

Follow us on Twitter at @thesignalng

Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

Ministerial portfolios were revealed on Wednesday by president Bola Tinubu. Nyesom Wike, a former governor of Rivers State, was chosen by Tinubu as the...

News

There is division in the Peoples Democratic Party (PDP) over the push for a mini-convention by G-5 governors, The Nation learnt yesterday. The move,...

News

The All Progressive Congress (APC) is asking the Presidential Election Petition Tribunal to dismiss the petition filed by the presidential candidate of the Labour...

News

Speaking at Bellmouth Junction, Degema Krakrama bridge, venue of the inauguration of the Phase One of the Trans-Kalabari Road, Governor Wike advised Ayu to...

Copyright ©