Zamfara Assembly suspends former Governor Yari’s N37b promissory note deal



From Maiharaji Altine Gusau
Zamfara State House of Assembly has suspended all transactions regarding the controversial N37 billion promissory note  paid to former Governor Yari by the Central Bank of Nigeria (CBN).
Similarly, the House has directed the United Bank of Africa (UBA) note to pay the said amount to anybody until after the investigation.
In a press release issued to newsmen, the Director General in charge of Press Affairs and Public Relations to the House, Malam Jafaru Mustafa kaura said, the suspension was a unanimous decision of the entire members of the House.
According to him, the  decision to suspect the promissory note deal was reached when the Speaker of the House, Rt Hon Nasiru Mu’azu Magarya  read an executive order  at the hallow chamber of  save our souls (SOS) requesting the Hon House to intervene on the matter before the situation gets out of control.

Justifying the need to fully debate on the matter, the leader of the House,  Hon  Faruku Dosara explained to his colleagues how the then administration of Yari obtained the premissory notes from the central bank of Nigeria totalling to the tuned of over N37 billion as refunds of federal government roads projects executed by Yari administration in the  state .

More disheartening ccording to Hon Dosara was that, the said huge amount was paid to former Governor Yari at the tail end of his regime precesily in April 2019 and the money was quickly deverted from the accounts of the state government and sold at a given  price of N27 billion  to United Bank for Africa (UBA) without following any laid down procedure.
The lawmaker further informed  the House that the shoddy deal was done in a hurry only for the immediate past administration of Yari Abubakar to siphon the people’s money without due regards a situation he described as unfortunate, unwarranted and totally unacceptable by any thinking administration in the state.

Hon Dosara on his final submissions urged his colleagues and by  extention the Hon House to do the needful by given their consent to immediately suspend all transactions with regards to the illicit deal in order to recover the looted Zamfara state money from the money-bag administration of Abdulaziz Yari Abubakar. 
The Deputy Speaker Hon Musa Bawa Musa Yankuzo, Hon Muhammad G.Ahmad, Hon Nura Dahiru Sabon Birnin, Hon Yusuf Alhassan Kanoma and the Deputy House  leader Hon Nasiru Bello Lawal Bungudu took turn to justify the urgent need by the House to ivoke a doctrine of naccissity by suspending order (5) rule 3 of the House standing rules to continue debate on the matter till the House reached a common stand on the issue.

After extensive debate, argument and counter argument on the matter that lasted for more than  three hours, the House arrived at a logical conclusion that all transactions regarding the controversial deal of over N37 billion promissory notes should be suspended forthwith.

Ruling on the matter the Speaker, Rt Hon Nasiru Mu’azu Magarya saluted his colleagues for a job well done.
Magarya ruled that “for the holistic  interest of the people of the which we are trully representing, the House has unanimously suspended all further transactions on the matter until all investigations are concluded by the House committee on finance and appropriations” .

The committee has five terms of reference and has two weeks to complete its assignment and report to the House. 

Send me an email when this newspaper has been updated


Please enter your comment!
Please enter your name here