Exposed: Namadi Sambo’s $78.5million Loan For Non-Existent Projects

The nefarious activities of the former governor of Kaduna State, Arhitect Namadi Sambo have begun to leak into the public arena. The former governor – who is presently serving as the Vice President of Nigeria – may have mortgaged the State of Kaduna to the tune of $78.5million.

On September 9 2009 and September 11, 2009, the then governor in tandem with his then Commissioner of Finance, Ramalan Yero [present governor of Kaduna] wrote to the Islamic Development Bank for a loan for the completion of a water treatment for the amount of $$57.4million – and another loan for $21.1million for technical  assistance. The application for the two loans was filed two days apart.



The loan for $21.1million was applied on September 11, 2009 while the $57.4million was filed on September 9, 2009.

What appears interesting is that both reasons offered for the loan remain unaddressed. The water treatment plant remains abandoned.

Abusidiqu