INVESTIGATION: N2.5m of The N62m of Katsina Interest Free Loan Project Distributed To APC Supporters In MALUMFASHI
A lot of tension has been generated within and outside APC party across the state over the issue of the distribution of the interest free loan to the small and medium enterprises and co-operatives project currently going on in the state. While many are expressing their reservations to the project, many others said the state government want to use the said project to reward party members across the state even while genuinely giving some part of the money to the right beneficiaries.
KATSINA POST has made some investigations into how this loan is being distributed and came up with the following in Malumfashi local government.
“Malumfashi Branch of All Progressive Congress (APC) has confirmed the received of N2.5 million interest free loan provided by the state government.
The Financial Secretary of the party Abdullahi Musa Baban Yara made this disclosure to our source in Malumfashi. He said that the money they received has since been shared exclusively to both the executives and supporters of the party in the local government.
He also stated that the N2.5 million they received is part of the N62 million allocated to the local government under the distribution of the interest free loan program.
[NOTE: This is an Exclusive News From KATSINA POST; give the necessary credit while quoting]