It said the plea was to avoid burying the state under a mountain of debts from frivolous loans allegedly being obtained by Governor Inuwa Yahaya.
It said the governor has ignored its warnings against mortgaging the state’s future and has gone ahead to seek additional loans running into billions of naira from banks. “The public will recall that we have recently made a press release concerning the spate of reckless borrowing by the Muhammadu Inuwa Yaya-led Administration of Gombe State. Just when we thought we had seen it all from the Governor, a copy of the letter by the Governor to the Honourable Speaker of the Gombe State House of Assembly dated 20 October 2021 with reference number GO/GD/FED-98/V.I proved us wrong.
“For emphasis, we reiterate that the Muhammadu Inuwa Yaya-led Administration of Gombe State has, between March 2020 and July 2021, procured the following debts: ‘N14.5 Billion from Guaranty Trust Bank Plc; N2.0 Billion to finance Healthcare Infrastructure Development in Gombe State; N12.0 Billion Credit Facility from Guaranty Trust Bank Plc; N10.8 Billion Finance Facility from United Bank for Africa Plc, and N5.
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