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Zenith Bank, Be Warned Over Mimiko’s N7bn Loan Request, Senator Ajayi Boroffice!!

Senator representing Ondo North Senatorial District, Prof. Ajayi Boroffice has warned Zenith Bank Plc against granting approval to the N7 billion loan request made by the Ondo State Government a few months to the expiration of Governor Olusegun Mimiko’s tenure in office.

The Ondo State House Assembly had on Tuesday last week approved the State government’s request to accept a N7 billion bridging loan from the Zenith Bank Plc, which Governor Mimiko said would be utilized to complete developmental projects across the 18 Local Government Areas of the state.

In a statement issued by ‎his media office and signed by Mr. Kayode Adeniyi, Boroffice said despite the approval of the controversial loan request by the State House of Assembly, it does not enjoy the express approval of vast majority of Ondo people, as they were not consulted before state lawmakers took the unilateral decision.

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