The nefarious activities of the former governor of Kaduna State, Arhitect Namadi Sambo have begun to leak into the public arena. Information available to 247ureports.com indicate that the former governor – who is presently serving as the Vice President of Nigeria – may have mortgaged the State of Kaduna to the tune of $78.5million.
On September 9 2009 and September 11, 2009, the then governor in tandem with his then Commissioner of Finance, Ramalan Yero [present governor of Kaduna] wrote to the Islamic Development Bank for a loan for the completion of a water treatment for the amount of $$57.4million – and another loan for $21.1million for technical assistance. The application for the two loans were filed two days apart.
The loan for $21.1million was applied on September 11, 2009 while the $57.4million was filed on September 9, 2009. The monies were approved and released to the then Governor, Namadi Sambo.
What appears interesting is that both reasons offered for the loan remain unaddressed. The water treatment plant remains abandoned.
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You’ve not said whether the applications were approved and money released. You have to be a bit more intelligent in your reports.
Dia is no corupted politician lyk d so-called vice president Namadi sambo, green snake unda green grass. Nonsense. God pass dem, n it can’t be secret 4eva.
This is awesome and belong comprehension. Namadi is not just a thief, but an international pen robber.
So Islamic banks now issue out cash as loans! Nigerian factor
God pls fight this battle for us.