Battle begins as Governor El-Rufai drags 725 Kaduna residents before EFCC

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– Nasir El-Rufai of Kaduna is known as one of the no-nonsense governors in the current democratic dispensation

– El-Rufai, a former FCT minister, has proven this again as he heads to the Economic and Financial Crimes Commission against some residents of his state

The administration of Nasir El-Rufai has reportedly dragged 725 residents of the state before the Economic and Financial Crimes Commission (EFCC) for defaulting in their loan repayment.

The 725 residents were part of the 1,859 beneficiaries of an agricultural loan facility agreement between the state government and the Bank of Agriculture (BOA) Limited in March 2015.

El-Rufai petitions EFCC over loan defaulters

El-Rufai petitions EFCC over loan defaulters

The spokesperson of the governor, Samuel Aruwan, confirmed the development saying the government had officially written to the anti-graft agency.

In the letter, the government wants the EFCC to investigate and help recover the funds arguing that the defaulters breached the terms and conditions of the loan.

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Leadership quotes Aruwan as saying the BOA in partnership with Kaduna state government disbursed the loan in March 2015.

He reportedly said the affected 725 beneficiaries failed to liquidate their loans which amount to over N205 million.

He said: “The agriculture loan scheme is an intervention of the state government in partnership with BOA meant to assist farmers in the state to have access to financial assistance in order to improve agricultural activities and ensure better harvest.

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“It is a revolving loan that enables farmers to access funds and repay after a farming year to enable other beneficiaries enjoy similar interventions. BOA has therefore forwarded names and details of the defaulting beneficiaries to EFCC for investigation to commence.

“You may also wish to know, that the BOA had on 21st October, 2016 reached out to the government with details of the defaulters and the outstanding loans.”

The post Battle begins as Governor El-Rufai drags 725 Kaduna residents before EFCC appeared first on Nigeria News today & Breaking news | Read 24/7.

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