Kwara Takes Another Loan, N335m for Cars

Date: 2012-03-28

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. 

Source

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Femtech     Dan Iya     GANZY     Aliyu U. Tilde     Isiaka Gold     Otoge     Jimoh Saadudeen Muhammed     Sheikh Hamzat Yusuf Ariyibi     Olatunde Jare     Gurei     National Pilot     Abdullahi Atanda     Atiku Abubakar     Lasiele Alabi Yahaya     Yakub Ali-Agan     Oko-Olowo     Maigidasanma     Buari Edun     Odo-Owa     Shuaib Jawondo     Abubakar Imam     Tanke     Geri-Alimi Split Diamond Interchange     Salman Suleiman     Temi Kolawole     Millennium Development Goals     Shonga Farm Project     Saadatu Modibbo-Kawu     Saadu Alanamu     Gafaru Olayiwola Olorisade     Lanre Issa Onilu     Galadima     Lai Mohammed     Idiagbon     Senior Ibrahim Suleiman     CCB     Osi     Eleyele     Col. Adedipe     Aminu Adisa Logun     Ilesha Gwanara Road     Umar Saro     COVID-19 Palliatives     Sadiq Buhari     Emir Of Ilorin     Yeketi     GGDSS Pakata     Kwara State Football Association     Iyabo Adewuyi     Kwara Central     Kwha.gov.ng     Toyin Saraki     Ibrahim Akaje     Ekiti     CLAY POT     Ebola     Tunji Moronfoye     Durbar Festival     Iliasu     Bayo Ajia     Olaitan Adefila     Ali Ahmad     Surajudeen Akanbi     Toyin Abdullahi     Kola Adesina     Omoniyi Ayinla     Idris Amosa Saidu     Bank Of Industry     Oloruntoyosi Thomas     Forgo Battery Company Limited     Aliyu Alhassan     Facebook     Aminat Ahmed     Ridwan Agboola     Abubakar Baba Sulaiman     Afetu Of Alabe     Federal Road Maintenance Agency    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Adamu Ibrahim Sabi     Oladimeji Thompson     Saliu Ajia     Ahmed Alhasssan     Shehu Salau     Olaoye B. Felix     SARS     Marufat Oladosu     Baba Issa     Federal Road Maintenance Agency     Ike Ekweremadu     Siddiq Adebayo Idowu Salawu     Balogun Ajikobi     Idowu Laro     Lithium Deposit     Kemi Adeosun     JSSCE     Unilorin     Yahaya Dumoye     Christopher Tunji Ayeni     Dele Momodu     Kola Ologbondiyan     Kayode Oyin Zubair     Wahab Isa     Abdulwahab Oba     TVC Female National Debate     Yusuf Abdulwahab     Economic And Financial Crimes Commission     Okin Malt     NTA Ilorin     Neo Mundo Ltd     Musa Yeketi     Kwara State Council Of Chiefs     Dunmade     Abiodun Jacob Ajiboye     Earlyon Technologies     Oasis Muslim Care Foundation     TIC     Raliat AbdulRazaq     Amuda Aluko     Mohammed Abduraheem     Saka Balikis Kehinde     Temi Kolawole     Yusuf Olaolu Ali     Umar Adelodun     Olabode Towoju     Fatima Abolore Jimoh     Olomu Of Omu-Aran     Gbajabiamila     Salihu Alhaji Musa     Lanre Aremu     Roseline Oni Aremu     Adesoye College     Lawal Arinola Kudirat     Young Progressives Party     Okasanmi Ajayi     Saidu Isa     Aso-ofi     Ojuekun Sarumi     Binta Sulyman     Issa Oloruntogun     Sarkin Malamai     Iyabo Adewuyi     V.O. Abioye     Ilorin Central Mosque     2023 Elections     Lithium     Nigeria Foundation For Artificial Intelligence     Abdulrasheed Akogun     Jimoh Saadudeen Muhammed     Overland     Saka Isau     Kamaldeen Gambari     Isaac Gbenle     Hikmah AbdulKareem     Sam Okaula     Ganiyu Taofiq