✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

N340bn Loan: Kano govt, others to be put on notice

A Federal High Court in Kano has ordered that the state government alongside seven others be put on notice why an interim injunction seeking to stop its loan request should not be granted.

Justice S. I. Mark gave the order following an ex parte motion filed before it by Centre for Awareness on Justice and Accountability (CAJA) seeking to restrain the defendants or its agents from seeking the loan.

CAJA had dragged the state government, Senate president, Central Bank of Nigeria, and Chinese embassy among others to stop such loan which it said was unnecessary.

SPONSOR AD

Daily Trust reports that the state government planned to secure N340b facility being the first phase of a loan from China Exim Bank for the construction of a light rail in the metropolis.

The loan has been a thug of war between the state government and some elders of the state under concerned group led by Bashir Tofa.

In his ruling, Justice Mark also granted the leave for the applicants to serve all the court processes against some of the defendants through substituted means and adjourned the matter to February 2, 2021, for mention.

 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

NEWS UPDATE: Nigerians have been finally approved to earn Dollars from home, acquire premium domains for as low as $1500, profit as much as $22,000 (₦37million+).


Click here to start.