The Kwara Stakeholders Consultative Forum, which sued the state governor, AbdulRahman AbdulRazaq, and others over a proposed N35 billion bond, has denied any relationship with Dr Abubakar Bukola Saraki; a former governor of the state.
In a statement written by its chairman, Alh Ayodele Olaegbe, the group said tying Saraki to the group was ridiculous and an attempt to divert public attention away from the subject of the bond’s irregularity.
For the avoidance of doubt, Kwara Stakeholders Consultative Forum is a registered non-governmental organisation committed to good governance by scrutinising activities of government and ensuring equity, peace and justice in the state.
The group has no link, directly or indirectly, to Saraki or any political or individual interest,” Olaegbe indicated.
He added: “The case reference number CAC/IT/NO 141207, at the Federal High Court, Abuja, is premised on our suspicion and conviction that a situation where a state appoints a Special Purpose Vehicle, SPV, to float a private bond is a strategy to avoid public scrutiny and suggests that the likely investors are not inclined to be those that are statutorily bound to comply with the guidelines of transparency in financial transactions”.
We also believe that the bond/loan was hurriedly approved by the State House of Assembly and did not go through established norms of legislative approval.
Olaegbe opines that once a bond is sourced to carry out governance due to lack of funds, the people must participate in its process through public hearings state that this Kwara state government is yet to explain to kquadranshow it intends to balance the dispensation of the funds and repayment mode
Consequently, Olaegbe believes It is trite, to insinuate that a group that comprises former commissioners, permanent secretaries, financial and media experts, labour leaders, women and youth groups, Muslim and Christian clerics, among others, is under the tutelage of anyone.