NYAKO SUED OVER N3.7BN IDB LOAN A High Court in Adamawa State has been asked to stop Governor Murtala Nyako of Adamawa State from securing $24 million (N3.7 billion) loan from the Islamic Development Bank (IDB). In a suit filed by Mr. Dan Kozah, on behalf of some Adamawa indigenes, asked the court for an order restraining the governor from sourcing for external loans or granting approval for the sourcing of external loans either from the IDB or any other financial institution during the pendency of the suit. The indigenes of the state who approached the court are, Engineer Albert Stephen, Dr. Penni Boga and Francis Zira. Defendants in the suit are the Adamawa State government, Governor Nyako, Adamawa State House of Assembly and the Attorney-General and Commissioner of Justice. They said that obtaining a loan from IDB which operates purely Islamic Banking and Islamic Economic Principles by Adamawa State government upon the application by the state government is discriminatory and a breach of the governor’s oath of office under the 1999 Constitution of the Federal Republic of Nigeria. ViaL DailyTrust Newspaper
Posted on: Wed, 02 Oct 2013 19:25:32 +0000
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