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How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times - Politics - Nairaland

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Chinese Man Holds Umbrella For Masari, Katsina Governor, In China.PICS / The Metal Coffins Acquired By Masari, Katsina Governor For N120m - Jamil Mabai / How Katsina Governor, Aminu Masari, Lied To Buhari To Get N11 Bn Bailout (2) (3) (4)

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How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by idgerrard(m): 12:51pm On Sep 08, 2015
The governor of President Muhammadu Buhari’s home State, Katsina, Aminu Masari, lied to the president to get more than N11 billion bailout supposedly to pay workers’ salary arrears, PREMIUM TIMES can authoritatively report today.

Feigning insolvency, Katsina State applied as one of the 27 states in need of bailout from the Federal Government to pay workers owed salaries for months.

In a letter to the speaker of the state’s House of Assembly, titled: “Bailout on Outstanding Salary for Workers of the State and Local Governments” with number S/SGKT/154/3 dated August 26, 2015, Mr. Masari said when he took office on May 29, his government inherited two months outstanding salary of workers of the state and local government from the previous Ibrahim Shema administration.

“I would like to request for the Honourable House’s consent for the State government to collaborate with the Central Bank of Nigeria for a Bail Out of outstanding workers’ salary in the State and Local governments,” Mr. Masari wrote.

“Mr Speaker may wish to know that at the time of the take-off of this administration, the State and Local Governments in the State owed workers two months’ salary to the tune of N11,086,632,741.32 broken down as follows: Katsina State: N3,646,943,099.80; 34 local government councils: N7,439,689,641.32; Total: N11,086,632,741,.32.

“It is in the view of the need for the State Government and Local Governments to meet their obligation in the payment of outstanding workers’ salary, considering the lean resources inherited from the former administration, that it has become necessary for the State Government to apply for the bail out on behalf of the State and Local Governments.” he added.

However, PREMIUM TIMES’ investigation revealed that the state had no business being among the group of insolvent states in need of federal bailout to pay workers salary arrears.

Katsina State civil servants as well as workers in the state’s 34 local governments received their full salaries and allowances up to May when Mr. Masari became governor.

In fact, the governor’s chief press secretary, Abdul Labaran, confirmed to PREMIUM TIMES that workers were not owed and that their salaries had been completely paid up to August.

“Katsina State government doesn’t owe anybody any salary,” Mr. Labaran said over the phone after a long pause.
He also answered in the affirmative when asked if he meant that the state government had paid workers in the state up to August. “That is correct,” he said.

However, when confronted with questions about why the government requested a bailout as contained in the letter to the state assembly from his principal, Mr. Labaran refused to answer saying he was not aware of any such letter. He also refused that the letter to be read to him.
“I don’t know the letter you’re talking about. How do I know you’re quoting from the letter. You could be quoting from anywhere,” he said.
Oluwabusola Olawale, a former media aide of the immediate past governor, Ibrahim Shema, seemed shocked when asked if the last administration bequeathed two months unpaid salaries to the present administration of Mr. Masari.

“Throughout the tenure of Ibrahim Shema, workers’ salaries were paid latest on the 25th of every month. As at May both the state and local government salaries were paid on the 25th. So he left office without owing any worker any salary. So this news is strange to us. We don’t know what could have necessitated this letter,” he said.

“There is definitely no justification to ask for a bailout of two months salary,” he said.
The N338 billion federal bailout, paid by the Central Bank of Nigeria, was authorised by President Buhari to help insolvent states that had failed to pay workers for months.

The loan is repayable with an interest of nine per cent over a 20-year period.
By August 31, Kwara, Zamfara and Osun States had received the bailout to clear their backlogs of salaries.
Twenty seven states are expected to receive the aid.

Amongst other conditions for the accessing the credit, the CBN requires the resolutions of the respective state executive council mandating the loan, and an approval from the House of Assembly.

Also, the state must issue an Irrevocable Standing Payment Orders (ISPOs) to ensure timely repayment of the loan from the state’s Federation Account allocations.

The CBN said it gives approval for the fund to be released within 24 hours after a state meets all the conditions.

http://www.premiumtimesng.com/news/headlines/189658-how-katsina-governor-aminu-masari-lied-to-buhari-to-get-n11-bn-bailout.html

5 Likes 2 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Saifullah01: 12:53pm On Sep 08, 2015
Nobody scammed anyone. The bailouts were not free after all. It was either a restructuring of existing commercial bank loans into government bonds, or outright purchase of FGN bonds, either ways u pay FGN back. It's left for the state assembly and people to ensure such funds r put to judicious use

49 Likes 3 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by MoneyGreen(m): 12:53pm On Sep 08, 2015
saifullah01 dem send u come?




@topic, yahoo boys come see format ohgrin

11 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by sammyj: 12:54pm On Sep 08, 2015
What
Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by modath(f): 12:54pm On Sep 08, 2015
He only scammed himself... smiley

It is a loan & the funny part of it is that the banks have been mandated to do direct credit into the workers' accounts, so they are the ones that will be balinnnnnnnn...

PMB get sense nah....

Fayose too asked for bailout, thinking he will have more funds to dash a few more Kongo of rice & shine.. grin

32 Likes 2 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by art1f3(m): 12:55pm On Sep 08, 2015
Ok
Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Trailblazer1(m): 12:56pm On Sep 08, 2015
grin grin grin grin grin grin

scam the scammer grin grin grin grin grin

5 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Nobody: 12:57pm On Sep 08, 2015
To scam Buhari Text *Northerner* to 3588



Available also on APC BBM Channels

69 Likes 10 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by lurther: 12:59pm On Sep 08, 2015
And you think Buhari is not aware?

That's his state, he has his own cut from the deal. No biggie...

41 Likes 6 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Trailblazer1(m): 1:00pm On Sep 08, 2015
the next news will be:

How Trailblazer1 scammed the governor of katsina state who scammed Buhari who scammed Nigerians grin grin grin


watch out!!!!!

24 Likes 2 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Firefire(m): 1:00pm On Sep 08, 2015
shocked shocked

I am not surprised, APC as a party is the BIGGEST SCAM in AFRICA

31 Likes 1 Share

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Nobody: 1:01pm On Sep 08, 2015
APC love scam like *bonjour, I've got plenty dollars*

23 Likes 1 Share

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Firefire(m): 1:02pm On Sep 08, 2015
lurther:
And you think Buhari is not aware?

That's his state, he has his own cut from the deal. No biggie...

shocked shocked fear God ooo

9 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by PassingShot(m): 1:06pm On Sep 08, 2015
Saifullah01:
Nobody scammed anyone. The bailouts were not free after all. It was either a restructuring of existing commercial bank loans into government bonds, or outright purchase of FGN bonds, either ways u pay FGN back. It's left for the state assembly and people to ensure such funds r put to judicious use
Good one. Some think the bailout is a gift.

Besides, each affected state's assembly had to give an approval before the facility can be obtained.

10 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by kestolove95(m): 1:06pm On Sep 08, 2015
but why did he behave like d governors from the east

1 Like

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by kokoA(m): 1:07pm On Sep 08, 2015
It's more like a loan so what's the biggy? If he want make he lie, they must still repay.

4 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Nobody: 1:08pm On Sep 08, 2015
I thought APC are Saints and PDP are sinners?


I thought Bello Masari is also Mr Integrity?


I thought PMB should use his body language to make Katsina corrupt free?


They are all my thoughts but APC don't think they only SCAM us without allowing us to think.

31 Likes 4 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by baralatie(m): 1:09pm On Sep 08, 2015
MoneyGreen:
saifullah01 dem send u come?



@topic, yahoo boys come see format ohgrin
heavy state formatting!

4 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Nobody: 1:09pm On Sep 08, 2015
PassingShot:

Good one. Some think the bailout is a gift.

Besides, each affected state's assembly had to give an approval before the facility can be obtained.
Does he have to *lie* to collect the bailout?

11 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Nobody: 1:14pm On Sep 08, 2015
What will this governor use 11billion naira to do since the state doesn't owe salaries.



Lalasticlala, kindly answer the question

11 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by CR77(f): 1:22pm On Sep 08, 2015
cool

3 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by anonimi: 1:23pm On Sep 08, 2015
Daft is what daft does, now & always.
JagbaJantis of Bourdillon don carry us enter one chance with the DauraDullardinho, chai embarassed embarassed

When dem tell the Sai Booboo to stay school, e nor gree. E run comot go join army. Na the result we dey see so.



www.nairaland.com/attachments/2029034_failbuhari10_jpeg11315a33f99ed88e64c2c875eabb4b78



And we were warned even by his own party people that the man is "EXPIRED" =>




www.nairaland.com/attachments/2040921_bharritooold_jpege470cdf42d88557f9071116b9515de52

15 Likes 4 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by omusiliyu(m): 1:23pm On Sep 08, 2015
He's free to do anything since he's not from the south and Fayose in particular.

2 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by AutoCarTrack: 1:23pm On Sep 08, 2015
Hmmm, what will he use all these money to do

1 Like

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by CR77(f): 1:23pm On Sep 08, 2015
grin grin
ECOTERRORS:
I thought APC are Saints and PDP are sinners?


I thought Bello Masari is also Mr Integrity?


I thought PMB should use his body language to make Katsina corrupt free?


They are all my thoughts but APC don't think they only SCAM us without allowing us to think.

11 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Trailblazer1(m): 1:24pm On Sep 08, 2015
kestolove95:
but why did he behave like d governors from the east


i would have asked amadioha combined with thunder to fire you
but i wont

click LIKE if he deserves it

23 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by dOnLarich: 1:25pm On Sep 08, 2015
So a Scammer can be scammed grin

11 Likes 2 Shares

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by MoneyGreen(m): 1:25pm On Sep 08, 2015
Firefire:
shocked shocked

I am not surprised, APC as a party is the BIGGEST SCAM in AFRICA
were niyeh

1 Like

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Segadem(m): 1:25pm On Sep 08, 2015
anonimi:
Daft is what daft does, now & always.
JagbaJantis of Bourdillon don carry us enter one chance with the DauraDullardinho, chai embarassed embarassed

When dem tell the Sai Booboo to stay school, e nor gree. E run comot go join army. Na the result we dey see so.



www.nairaland.com/attachments/2029034_failbuhari10_jpeg11315a33f99ed88e64c2c875eabb4b78



And we were warned even by his own party people that the man is "EXPIRED" =>




www.nairaland.com/attachments/2040921_bharritooold_jpege470cdf42d88557f9071116b9515de52
Mr man,there is a proverb that says " charity begins at home" if u can say all these kind of words to No1 citizen of your country, I wonder what u will say to your teacher, brother and the family.

11 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by Segadem(m): 1:26pm On Sep 08, 2015
AutoCarTrack:
Hmmm, what will he use all these money to do
help me ask am

2 Likes

Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by alaoeri: 1:26pm On Sep 08, 2015
Kangaroo journalism. undecided
Re: How Katsina Governor, Scammed Buhari To Get N11 Bn Bailout - Premium Times by admax(m): 1:27pm On Sep 08, 2015
ok

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