Prof. Ajayi Boroffice, a senator representing Ondo-North, has
warned Zenith Bank Plc against approving a N7bn loan request made by the Ondo
State Government. Boroffice, in a statement issued on Sunday, said the loan
request made a few months to the expiration of Governor Olusegun Mimiko’s
tenure, was not a sound economic decision.
“The management of Zenith Bank PLC is advised to learn and
be guided to reject the loan request having realised the high degree of risk
attached,” he said.
The lawmaker said although the loan request was approved by
the Ondo State House of Assembly, major stakeholders in the state were not
consulted before the state lawmakers backed the governor. He also accused the
lawmakers of backing the governor based on loyalty to their party.
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