Kwara Takes Another Loan, N335m for Cars
The Kwara Assembly on Tuesday approved the N335 million loan request made by Gov. Abdulfatah Ahmed to purchase vehicles for political office holders in the state.
The House unanimously agreed that the procurement of the vehicles would enable the beneficiaries to discharge their duties efficiently.
Abraham Asaolu, the Majority Leader and member representing Oke-Ero constituency, said in a motion without notice that the request by the governor was constitutional and urged all members to support it.
The motion was seconded by Raliat Adifa, the member representating Lanwa/Ejidoganri.
The Speaker, RasaqAtunwa, had earlier read the letter from the governor seeking approval for the procurement of N200 million and N135 million loan facilities from Fidelity Bank and Guaranty Trust Bank respectively.
The governor had stated: "The loan facilities of N200 million and N135 million from Fidelity Bank and Guaranty Trust Bank respectively is to finance the project of additional monetised vehicles for political officer holders.
"The loan has 39 months and 40 months repayment tenor based on monthly contribution by the beneficiaries and government subsidy."
Mr Ademola Banu, the Commissioner for Finance, who appeared at the House before the approval was given, explained that the loan was captured in the state's 2012 budget.
He said the procurement of additional vehicles became imperative in view of the increase in the number of political office holders in the state
NAN recalls that the governor's earlier request for N1 billion loan for the purchase of vehicles for political office holders was approved by the Assembly in December 2011.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Aremu Odolaye Lukman Adeloyin Students Union Government Economic And Financial Crimes Commission Abdulmalik Bashir Mopelola Risikatullahi Sadiq Buhari Suleiman Abubakar Tayo Alao ER-KANG Mining Nigeria Company Limited Idris Garba Islamic Development Bank Dauda Adeniran Adeshola Olabimpe Olani Ilorin.Info National Information Technology Development Agency Sobi Kwara State Health Insurance Agency Kpotum Mohammed Baba Muritala Olarewaju Federal Neuro-Psychiatric Hospital Hydro-electric Power Producing Areas Development Commission Ekiti Sola Saraki Educational Foundation Sheriff Olanrewaju Omupo Jaigbade Alao Kayode Alabi Farouk Salim Belgore Yakubu Gobir Fola Consultant Amosa KWASIEC Muhammed Aliyu NYSC JSSCE Baba Isale Ibikunle Ogunleye Abdullah Janet Amudat Turaki Of Ilorin A.E. Afolabi Amusa Bello Mutawalle Societe Generale Bank Of Nigeria Olokoba Sulyman Idowu Aremu Bukola Saraki Doyin Agbamu Surajudeen Akanbi Olabanji Orilonishe Saheed Akinwumi Ganiyu Abolarin Obuh Kayode Yusuf Olatunji Abdulmumeen Salihu Ajibola Ajia Lawan Isau Abubakar Abdullahi Bata Olokoba Read With Me Igbaja Bayo Onimago HYPPADEC Durosinlohun Kawu Ghali Muhammed Hajj Federal College Of Education (Special), Afon Wole Oke All Peoples Party Bamidele Adegoke Magaji Are Iyabo Dupe Adekeye Fatai Olodo Maryam A. Garuba ASKOMP John Mayokun Dada