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Friday, April 26, 2024

Bauchi Governor Yet To Explain How He Obtained N4bn UBA Loan Without Approval

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Although he has launched a useless war with connivance of some compromised security agencies against whistle-blowers and critics of his inept leadership for fear of striping him naked in the market square, Bauchi state governor, Muhammed Abubakar is yet to debunk the allegation that the N4billion loan he obtained from UBA was a fraud, primarily intended for diversion.

An impeccable source close to the embattled governor, confided to 247ureports that Governor Muhammed was desperate to re-equip himself after the elections whence the idea to defraud with the claim of service.

“The 7th House of Assembly members including the Speaker, Yahaya Miya denied ever approving the loan for M.A Abubakar. By the time the controversial loan was obtained neither the 8th State House of Assembly nor the state executive council was not inaugurated. So how did he obtain the loan? Was it through forged documents and signatures or fake approval? Why did UBA succumb so easily to the fraud if there was no connivance? We are now told that the recently inaugurated state executive council was made to give approval to the various contracts awarded and loans obtained in absentia. The man should be bold to tell the world how he obtained the loan so to bury the matter. As APC stakeholders, we are calling on the EFCC to visit the issue before the state is grounded through other series of fraudulent acts bedeviling the inept leadership including fictitious claims and bogus contracts that lack substance”, he said

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Commenting on the recently inaugurated state executive council, the source said, “The governor is wise. He assembled a team of sycophants and praise singers. Most of those in the executive council are inexperienced and hungry. They have nothing to offer in service to the people. They are errand boys and girls on a mission against transparency and probity”.

He added that if APC remain silent and protecting an inept leadership, in 2019 PDP or any other opposition party with credible contestants may take-over the state. M.A Abubakar is a failed APC ambassador in government. He preaches the opposite of what he does.

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