Sanwo Olu Borrows 135 Billion Amidst Allege Plot to Bribe Judiciary By Tinubu

Sanwo Olu Borrows 135 Billion, Amidst Allege Plot to Bribe Judiciary By Tinubu

Reactions have continued to trail the latest loan facility obtained by the Lagos State Government. Governor Babajide Sanwo-Olu approved signing N134.815 billion bonds for Lagos State on Tuesday. During the signing event, Governor Sanwo-Olu said the funds would be used to revamp 33 public schools in the state. 

This is coming in the wake of media reports that Bola Ahmed Tinubu has mandated the Governor in partnership with Gilbert Chagoury, Tinubu’s Godfather to raise N100 billion Naira to be used to bribe the Judiciary. 

It will be recalled that Parallel Facts had earlier reported that David Hundeyin, a Nigerian Investigative Journalist had raised an alarm of a  sinister plot by the Governor to contribute billions of Tax Payers monies in Lagos State to fund this malicious plan. 

Sanwo Olu 1

Nigerians have continued to react on social media to this news. A tweeter user  Jimmy Hulk LP said  “David hundeyin said this a few days ago! Sanwo Olu borrowed 135 billion to “UPGRADE” schools! I wonder how much it will cost to build schools from scratch

Another user Omotayo Williams tweeted “David Hundeyin on Monday: Bola Tinubu has tasked Sanwo-Olu to come up with N100B to bribe judges. Sanwo-Olu today: Borrowed N135B to upgrade 33 schools and other infrastructure.”

“David Hundeyin on Monday: Bola Tinubu has tasked Sanwo-Olu to come up with N100B to bribe judges. Sanwo-Olu today: Borrowed N135B to upgrade 33 schools, and other infrastructure for renovation of schools & infrastructure. Should we see this as fait accompli – they bought the judgement already” Nnaemeka Edeh tweeted.

The recent loan facility obtained by the Lagos State Government has been met with mixed reactions. Some people believe that the funds will be used to improve the state’s infrastructure, while others are concerned that the money will be used for corrupt purposes. Only time will tell how the funds will be used, but the public’s skepticism is understandable given the state’s history of corruption.

The media reports that Bola Ahmed Tinubu has mandated the governor, in partnership with Gilbert Chagoury, Tinubu’s godfather, to raise N100 billion to be used to bribe the judiciary also raised concerns about the use of the loan funds. If these reports are true, it would be a serious misuse of public funds and a betrayal of the trust of the people of Lagos.

The public deserves to know how the loan funds will be used and to be assured that the money will be used for legitimate purposes. The Lagos State Government must be transparent about its plans for the loan funds and must hold itself accountable for the utilization of the funds.