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.

ASUU     A.E. Afolabi     Baba Isale     Isiaka Rafiu Mope     Binta Abubakar Mora     Ayobami Akanbi     Manzuma     Adekunle David Dunmade     Ilorin East     Khadijat Ayoola Yusuf     Chemiroy Nigeria Limited     Yoonus Kola Olatinwo     Olaoye B. Felix     Sobi     Tunde Akanbi     Michael Ologundea     Baakini     School Of Nursing     Students Union Government     Hassanat Bello     Aiyedun     SAPZ Project     Kola Olota     Afonja Descendants Union     Share/Tsaragi     Omupo     ER-KANG Mining     Apata Ajele Secondary School     Durosinlohun Atiku     Ahmad Lawan     Baba Idris     Abdulhakeem Adelaja Amao     Gambari     Olomu     Ashiru     Zulkifli Ibraheem     Abubakar Bature Sulu-Gambari     Kwara Consultative Forum     Abdulfatah Ahmed     Saad Omo Iya     Haleeman Salman     Folorunsho Alao     Elekoyangan     Harafat E. Mukadam     Kwara Apc     Abdulwaheed Musa     Apaokagi     Kwarareports.com     Rafiu Olasile     Abdulahi Abubakar Bata     Kisira     Hassan Taiye Salam     Onilu     Kwara Metro Park     Kwara State Government     Senior Staff Union Of Colleges Of Education     Kazeem Adekanye     Samuel Adaramola     NTA Ilorin     Olatunde Jare     Yomi Ogunsola     Okasanmi Ajayi     Abdulkadir Orire     MATTA Girls Foundation     Ilesha Gwanara Road     Magaji Are     KWATMA     Muritala Olarewaju     Igbomina     UNIFEMGA     Funmilayo Zubair     Federal Road Maintenance Agency     Zaratu Umar     Ramat Oganija     Kwara Primary Health Care Development Agency     Saba Mamman Daniel     Adamu Atta    

Cloud Tag: What's trending

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

Musa Ayinla Yeketi     Folorunsho Alao     Abdul-Rasheed Na\'Allah     Mohammed Yahaya Barki     Iyabo Adisa Ibiyeye     Ganmo Power Sub-Station     Bukola Saraki     Sunset Workers     Kwara Polytechnic     Senior Ibrahim Suleiman     Baruten     Abdullahi Biffo     Olokoba     Raji AbdulRasaq     Democracy Day     Orire     Ndama Al-hassan     Chief Of Staff     Rice Farmers Association Of Nigeria     Imam Gambari     Durbar     SSA Youth Engagement     Amoyo     Chief Imam Of Ilorin     Yahaya Seriki     Abdullahi Dasilva Yussuf     National Party Of Nigeria     Ilorin South Constituency     Kola Adesina     GAMA     Ghali Alaaya     Ilorin Emirate     Ike Ekweremadu     Isiaq Khadeejah     Baba Issa Awoye     Pategi     Ibikunle Ogunleye     Jawondo     Abubakar Suleiman     Kannike     Maja     Ahmed Dankaya     Bolaji Aladie     Aliyu Kora Sabi     Kulende     Charles Ibitoye     Jimoh Akani     Okin Biscuit     Ghali Muhammed     Ibrahim Taiwo Road     College Of Health     Olayinka Are     JAMB     Gbugbu International Market     Okanlawon Musa     Obasanjo     Borgu     Aliyu Umar     Odogun Olushola Gabriel     REO CAKES     Abubakar Bature Sulu-Gambari     Pakata     Adedipe     NITDA     Mary Arinde     Yahaya Jibril Usman     Funmilayo Mohammed     Chikanda     Jimoh Olusola Imam     IYA ALFA NLA     Tunde Yusuf     NAWOJ     Ali Ahmad     Mansur Alfanla     Fatai Olodo     Taofik Abiodun Ahmed     Kulende-UITH