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    MarketForces Africa » MarketForces News » Kaduna Begins to Probe Ex-Gov Nasir El-Rufai

    Kaduna Begins to Probe Ex-Gov Nasir El-Rufai

    Julius AlagbeBy Julius AlagbeApril 24, 2024Updated:April 24, 2024 News No Comments2 Mins Read
    Kaduna Begins to Probe Ex-Gov Nasir El-Rufai
    Ex-Gov Nasir El-Rufai
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    Kaduna Begins to Probe Ex-Gov Nasir El-Rufai

    The Kaduna State House Of Assembly Adhoc Committee set up to investigate ex-governor Nasir el-Rufai’s eight-year administration has set Thursday, April 25, 2024 as deadline for the submission of memorandum and documents to the committee.

    This was contained in a formal communication issued by the Clerk of the Assembly, Sakinatu Hassan, to the Kaduna State Commissioner of Finance outlining the scope of the probe.

    According to the statement, the investigation by the lawmakers will focus on loans, financial transactions, contractual liabilities, and other than matters that were obtained or awarded under the el-Rufai administration.

    “The Kaduna State House of Assembly, at its 150th sitting on Tuesday, April 16, 2024, resolved and constituted an adhoc committee to investigate loans, financial transactions, contractual liabilities, and other related matters of the Government of Kaduna State from 29th May, 2015 to 29th May, 2023,” the letter partly read.

    Among the requested documents by the committee include:

    (i) Total loans: Details from May 2015 to May 2023 including approvals by the Kaduna State House of Assembly, accounts into which the loans were lodged, and drawn as recorded by the project finance management unit and debt management office.

    (ii) Executive minutes and resolutions; relevant state executive council minutes of meetings, council’s extracts and resolutions regarding the loans.

    (iii) Contractual payments: records of payments and outstanding liabilities to contractors for the period from May 2015 to May 2023.

    (iv) Salary reports: reports of salaries paid to staff from 2016 t0 2022, v. Kadris reports: Dloyd reports on Kadris from 2015 to 2023 and loan terms and conditions: details on the terms, purposesand conditions of those loans. #Kaduna Begins to Probe Ex-Gov Nasir El-Rufai

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    El-Rufai Kaduna Nigeria
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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