The Ogun State chapter of All Progressives Congress (APC) has warned banks and other financial institutions not to succumb to threats and pressures from the outgoing governor, Senator Ibikunle Amosun, to obtain last-minute loans, overdrafts and other financial instruments barely two months to the end of his tenure.
In a press statement issued in Abeokuta on Monday, and signed by the APC Caretaker Committee’s Publicity Secretary, Tunde Oladunjoye, the party warned that any institution that grants such requests “does so at its own risk.”
The press statement reads: “It has come to our notice that the outgoing governor has been exerting pressures on banks and financial institutions to grant frivolous loans, overdrafts and other instruments immediately Dapo Abiodun was declared governor-elect.
“We are equally aware that files and other sensitive government documents are being moved out of government offices on the order of the outgoing governor, His Excellency, Senator Ibikunle Amosun.
“As for the banks, we want to state categorically that the incoming administration believes so much in the rule of law and due process. Therefore, the administration will not honour any obligation that does not follow due process or any loans that do not receive the prior approval of the state’s House of Assembly.
“According to the Federal Bureau of Statistics, Ogun State’s Internally Generated Revenue has increased by 590 per cent in eight years totalling N74, 835, 979, 000.51.
“Why the outgoing administration still wants “injury-time” loans despite those already incurred, beats one’s imagination and leaves much to be desired. The incoming administration will not honour such shady loans.”
