Ex Speaker Tackles Kwara Gov Over Proposed N35 Billion Loan

Date: 2021-02-03

Former speaker, state House of Assembly, Kwara State, and governorship candidate in the last general election, Razak Atunwa, has condemned in strong terms, plan by Governor Abdulrahaman Abdulrazak, the state governor, to borrow N35 billion for state development.

The former speaker and also former House of Reps member condemned the state lawmakers for the ease of passage of the request to borrow such humongous money.

Explaining his point in news release he personally signed, Atunwa insisted that such plan is illegal.

"It is exceedingly alarming that the Governor of Kwara State in concert with his collaborators in the Kwara State House of Assembly have embarked on a glaringly illegal scheme to borrow N35bn without due authority or due process," Atunwa said. The former governorship candidate defeated by the state's incumbent governor alleged that the first time the public became aware of the proposed borrowing of the money was when the State House of Assembly passed a resolution approving the Governor's request.

"This is most worrying indeed," Atunwa said.

"Let me state it clearly, the request by Governor AbdulRahman AbdulRazaq is illegal. The approval by the Kwara State House of Assembly is illegal. It therefore amounts to illegality upon illegality.

"I approach this issue from experience both as a former member of the Kwara State Executive Council and Speaker Kwara State House of Assembly (KWHA)," he added.

According to him, Debt Management Office (DMO) which is ultimately charged with superintending such borrowing has always made clear the process and requirements.

"By combined reference to the 1999 Constitution (as amended), Section 44 Fiscal Responsibility Act 2007, and Sections 223 and 224 of the Investment and Securities Act 2007, it is a requirement that the request must first have the "Approval of the State Executive Council (State Exco) duly signed by the Secretary to the State Government", he added.

Thereafter, he went on, the House of Assembly is required to pass a resolution approving the request.

"To be very clear, the Resolution will grant powers of executing the projects to the State Exco. DMO states that the State Executive Council (EXCO) be and is hereby authorised to do all such other things as may be required to ensure the successful execution and completion of the Proposal.

"I vividly recall as a member of the State Executive Council in the Bukola Saraki Administration when we proposed to issue N17bn bond, the issue was discussed over a series of cabinet meetings. Details of all the projects were fully scrutinised as all the relevant commissioners and ministries were asked to justify the reasons for the projects and their estimates," the former speaker said.

Source

 

Cloud Tag: What's trending

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

Kwara State Football Association     David Oyepinola Adedumoye     Sulyman Buhari     Ubandoma Of Ilorin     George Innih     Paul Odama     SSUCOEN     Rachael Obisesan     Oluwole Dupe     James Ayeni     Ben Duntoye     Aliyu Muyideen     Susan Modupe Oluwole     LABTOP     KW-GIS     Mukhtar Shagaya     Kishira     KWATMA     AbdulHamid Adi     Code Of Conduct Bureau     Moji Makanjuola     Saliu Ajia     Aisha Buhari     07039448763     Tinubu     Apaokagi     First Lady     Kabir Shagaya     Quran     Sanitation Exercise     Abdulwahab Olarewaju Issa     Yahaya Abdulkareem     Abdullahi Saadudeen Alikinla     Abdulwasiu Bolaji Adeyi     Ilorin Anchor Men And Women     Abdulkarim Adisa     Offa Poly     Lai Gobir     Aminu Ado Bayero     Olumide Daniel Ibitoye     Umar Ahmed Gunu     Ilorin Amusement Park     Sarah Jubril     Bayo Lawal     Musa Alhassan Buge     Mohammed Abduraheem     Anilelerin     Mutawali Of Ilorin     Kupchi Hosea Maxwell     Local Government     Otunba Taiwo Joseph     Kunle Okeowo     Egbejila     Umar Adelodun     Aso-ofi     Sarafadeen Kayode Akorede     Abdulkadir Bolakale Sakariyah     Saka Aleshinloye     Laolu Saraki     Arinola Lawal     Oasis Muslim Care Foundation     Mohammed Kamaludeen     Kulende-UITH     Amos Justus Sayo     James Kolo     Federal College Of Education (Special), Afon     Saliu Tunde Bello     Yusuf Amuda Abubakar     ENetSuD     Aliyu Muhammad Saifudeen     Hamza Usman     Ashiru     Bashirat Bola Bello     Vasolar-Kwara Company Ltd     Kwara State Coalition Of Business And Professional Associations     Alfa Modibbo Belgore     Aisha Ahman-Pategi    

Cloud Tag: What's trending

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

Asa     Lai Gobir     Ronke Adeyemi     Maigida Soludero Transit     Bello Taoheed Abubakar     Rotimi Atere     Ghali Alaaya     Tsaragi-Share     Garba Ayodele Wahab     Gaa Olobi     Isau     Oyedun Juliana Funke     Ayedun     Oko-Erin     Folorunsho Erubu     Oke-Odo     Saka Asiat Ayinke     ER-KANG Mining     Kwha.gov.ng     Segun Abifarin     Alfa Belgore     Yoonus Lawal     Onilorin     Budo-Egba     Eruku     Mohammed Khadijat Kubura     Simeon Sayomi     Abdulganiyu Oladosu     NIPR     Congress For National Consensus     Offa     Kehinde Boyede     Aisha Gobir     Tunji Moronfoye     Mohammed Kamaludeen     CACOVID     Omotoso Musa     Oni Adebayo     Ilorin Central Mosque     Khairat Gwadabe     Isiaq Khadeejah     Kwara State Polytechnic     Playing Host     Kupchi Hosea Maxwell     Idris Garba     Bank Of Industry     Rabiu Kwankwaso     Tuesday Assayomo     Raliat Islamic Foundation     Kassim Babamale     Wahab Olasupo Egbewole     Mahfouz Adedimeji     Suleiman Alege Kuranga     Sheu Ndanusa Usman     Olusegun Adeniyi     Jide Oyinloye     Sango-UITH Road     Shao     Okin High School     Bature Bello     CCEPE     Yetunde Balogun     Tunji Folami     Jalala     V.O. Abioye     Muhammed Abdullahi     SUBEB     Abdullahi AbdulMajeed     Shoprite     Police Commissioner     07039448763     Yusuf Abdulraheem     Yahaya A Paniyaro     Razaq Ayobami Akanbi     Bello Oyedepo     AGF Abdulrazaq     Tescom.kwarastate.gov.ng