Thursday, September 20, 2018
Advertisement

Shehu Sani on Kaduna loan: You are a slave if you borrow money and can’t pay

Shehu Sani on Kaduna loan: You are a slave if you borrow money and can’t pay
March 30
17:51 2018
Advertisement

Shehu Sani, senator representing central district, says anyone who borrows money and cannot repay will end up a slave.

Sani said this in response to criticisms that trailed the senate rejection of a N350 million loan request by the Kaduna government.

“If you borrow money that you can pay, you are a businessman; If you borrow money that you can’t pay, you are a slave,” he tweeted.

Speaking on the senate floor on Thursday, Sani said if the loan was granted, the state’s debt stock would rise to $582.1 million.

Ike Ekweremadu, deputy senate president in supporting the loan rejection said: “A loan application for infrastructural development is not bad in itself but the failure to consult with representatives of the people before application was clearly undemocratic.”

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.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

*

Advertisement
Advertisement

Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement