It is criminal borrowing when a State Government that ought not to borrow owing to availability and abundance of material and capital resources; borrows and becomes a serial borrower. It is also criminal borrowing when what has been borrowed is made incapable of repaying itself owing to its channelization into crooked, white-elephant and unproductive sectors (i.e. payment of government and civil service wage bills and diversion and misappropriation of public funds). Another form of criminal borrowing is where a State Government conceals and suppresses its actual borrowing financial sheets in a manner that breaches the law, misinforms and misleads the public...........
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chidi opara reports: News Release: Revisiting Criminal B... It is criminal borrowing when a State Government that ought not to borrow owing to availability and abundance of material and capital resources; borrow... | |||||||
From chidi opara reports
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