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Kano Govt’s Move to Secure N300 Billion Chinese Loan Faces Temporary Hitch

Kano Govt’s Move to Secure N300 Billion Chinese Loan Faces Temporary Hitch

Kano State government’s move to secure loan from China Exim Bank to build a light rail project in the state has hit the rocks temporarily, and may even be completely halted.

Center for Awareness on Justice and Accountability (CAJA) and one Kabiru Saidu Dakata, had approached a Federal High Court sitting in Kano to seek for the stoppage of the move for loan.

The court on Tuesday however fixed February 2, 2021, for mention in the suit, ordering that the respondents in the suit, Kano State Government, Senate President, Kano State House of Assembly, Central Bank of Nigeria, Ministry of Finance, Debt Management Office, China EXIM Bank and China Embassy, to be put on notice to show cause why the applicants prayers for an interim injunction should not be granted

The China EXIM Bank and Chinese Embassy would be served through substituted means by serving the court processes on at Chinese Embassy in Abuja.

 

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Faruk Khalil
Faruk Khalilhttps://nigeriansketch.com/
Khalil Faruk (Deputy Editor-in-Chief), has a Bachelors and Master's degree in Political Science and has worked as a reporter, features editor and Deputy Editor-in-Chief respectively in a leading Nigerian daily. He has undergone trainings in journalism, photo journalism and online journalism within and outside Nigeria.

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