Outgoing Governor Muhammadu Bindow of Adamawa State has faulted the governor-elect, Ahmadu over N115 billion debt profile claim. Fintiri has said that the Bindow administration incurred debt to the tune of N115 billion. But reacting through his commissioner of finance, Mahmoud Yunusa, Governor Bindow said the claim was false.
The Commissioner spoke when he appeared before the State Assembly. He said the debt was inherited from the past administrations and not incurred by Bindow. Yunusa said, the debt comprises of contractual commitment,staff claims and furniture allowances of advisers by past administration from 1999 to date. “Our debt profile for today stands at N44 billion as at.The N115 billion debt alleged by the transition committee is made up of tangible and intangible loans.
“These are debt that was accumulated over a period of long time.“Some of the past admistrations took loan and could not pay back.This administration did not take any foreign loan, as I don’t want to give figures of debt we inherited now. The Ismaila Numan transition committee, said, the state is indebted to N115 billion, accrued in the last four years of outgoing APC government in the state.