My Role In N500m Syke Bank Loan – Jerry Gana

Former Minister of Information, Professor Jerry Gana, has defended his role in the N500 million loan facility he alleged collected ‎on behalf of the Peoples Democratic Party (PDP) from Syke Bank.

Special Adviser on Media and Publicity to the National Chairman, Alhaji Inuwa Bwala, last week, threatened to drag the former minister before the Economic and Financial Crimes Commission (EFCC) to explain what he used the money for.

But Gana who attended the 55th meeting of the PDP Board of Trustees (BoT) on Monday said the loan was for the 2014 fundraising which he was the chairman.

“As chairman of funding raising committee of the party in 2014, the party was not in a position to give the committee take off grant,” he explained.

According to the former minister, ‎the PDP Financial Secretary of the party, Alhaji Adewole Adeyanju and the Treasurer, Bala Buhari who were Secretary and member of the fundraising committee respectively, were aware of the loan and supposed to had briefed the National Working Committee (NWC) of the loan.

Gana explained that the money was meant to organise fundraising dinner, and the loan serviced from the proceeds of the fundraising.