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CACOL Warns Governors Against Mismanagement Of N500bn Paris Club Loan

The Centre for Anti-Corruption and Open Leadership, CACOL has warned governors not to mismanage the N500bn Paris Club loan refund but channel the fund into projects that will benefit the people.

The Executive Chairman, CACOL, Debo Adeniran, who spoke after the release of the second tranche of the Paris Club loan Refund expressed fear and suspicion concerning the possible mismanagement and misappropriation or outright embezzlement of the funds by some governors.

He said “we are impressed by the decision of the President to order the release of the loan Refund and the further instruction given by him that Governors should make sure that the funds gets to the end beneficiaries. But we recall the bail-out funds given out to some states previously by the Federal government never got to be used for the purpose they were meant to serve, that is, to pay arrears of workers’ salaries.Click here for more detail

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