How I Was Insulted For Warning El-Rufai About The $350M World Bank Loan - Shehu Sani Reveals
Afnews Editor
Apr 01, 2024
How I Was Insulted For Warning El-Rufai About The $350M World Bank Loan - Shehu Sani Reveals
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Former Kaduna Central Senator, Shehu Sani, has said he was like a prophet he warned about the $350 million World Bank loan request by ex-governor Nasir El-Rufai.
Sani said despite his warning, people refused to listen..
Addressing journalists on Sunday, Sani said the state won't be in such a situation if El-Rufai's administration had heeded his warning.
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He said: "The hour of reckoning has come for every citizen of the state,ÔÇØ Sani said, reacting to the current fiscal challenges in Kaduna.
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"I was insulted for saying no to that loan. The hour of reckoning is here to every person in Kaduna state.
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"Just like the way Lot (in the Bible) warned people, prophets of the past warned people, but they refused to hear and then you see pedition and affliction.
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"In the same way, I warned the people of this state, but they were told that the money will bring paradise - land of milk and honey.
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"Today, you can see the problems at hand as far as that loan was concerned.
"Today the state is strangulated because of that money which we couldn't pay.
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"We borrowed $350 million when the naira was N400 to the dollar and we are going to pay when the naira is what it is today,ÔÇØ he added.
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Last week, governor Uba Sani has raised an alarm over the state's huge debt profile running into billions of dollars.
In 2018, Sani and two other senators from Kaduna state - Suleiman Hunkuyi, a member of the All Progressives Congress (APC) representing Kaduna north senatorial zone; and Danjuma Laah of Peoples Democratic Party (PDP), Kaduna south-central senatorial zone - rejected moves by El-Rufai to take a $350 million World Bank loan.
Sani and Hunkuyi eventually lost their bids for re-election and were replaced by Uba Sani and Suleiman Kwari who lobbied for the approval of the loan. SOURCE
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— Afnews Editor