PLSG denies approaching Jaiz Bank for N15bn loan

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Photo: Gov Caleb Mutfwang of Plateau

PLSG denies approaching Jaiz Bank for N15bn loan

The Plateau State Government has denied rumors making the rounds that it has approached Jaiz Bank for the purpose of obtaining a loan of N15 billion.

According to the government, it has instead  approached the United Bank for Africa (UBA) to procure a loan of 15 billion naira.

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It explained that the loan being processed was to be used to settle the 11.5 billion naira salary backlog accumulated by the previous administration.

The government added that the balance would be used to procure fertilizer for farmers for the current farming season.

It said that the government’s decision became necessary because the Mutfwang administration was pragmatic and wished to fulfill its campaign promises to civil servants and farmers in the State.

The government in a statement issued on Thursday in Jos by Mr Nuhu Abok, the Special Adviser to the Governor on Legislative Duties, therefore, urged the public to disregard social media reports claiming that the state government was already processing such a loan from Jaiz Bank.

The statement reads in full below:

DISREGARD SOCIAL MEDIA ASPERSIONS, STATE GOVERNMENT IS PROCESSING LOAN FROM UBA NOT

Dear people of Plateau, with no prejudice against any bank operating in the State, but in order to set the record straight. It has become apparent that our citizens need to be enlighten once again regards to activities of a Government of which they voted in not long ago. To uphold the love and trust of the people, the Mutfwang administration is on toes to delivering such desired/expected changes and to drive progress in Plateau.

May I therefore call on our spirited loving people to please disregard all assumptions, aspersions, impediments and unsubstantiated folklores going round the streets and social media platforms that the state Government is contracting the JAIZ Bank in whatever form, because the State Government has not, is not engage in any form of negotiation or contract with JAIZ Bank at present.

The Government have instead,  approached the United Bank for Africa (UBA) seeking to procure a loan amounted to about 15 billion naira only. This loan being processed is to be used to settle the 11.5 billion naira salary backlog as accumulated by the previous administration and the rest will be used for procurement of fertilizer for farmers.

The above action becomes necessary because the Mutfwang administration is pragmatic and wishes to fulfill it’s campaign promises to civil servants and farmers in the State.

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