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.

Aasiyat Bello Oyedepo     Damilola Yusuf     Isaac Gbenle     Shettima Of Ilorin     Raliat Elelu-Habeeb     Jumoke Gafar     Agbarigidoma     Nnazua     General Hospital     Adaramaja     Adamu Jemilat-Baki     Geri-Alimi Split Diamond Interchange     Moro     Olumide Daniel Ibitoye     Ajuloopin     Nupe     Isiaka Danmeromu     Salihu Yahaya     Quarry Royal Valley     Garba Ayodele Wahab     Ilorin Emirate Stakeholders Forum     Students Union Government     Makama Of Kaiama     A.G.F Abdulrasaq     Oko-Erin     Olaosebikan     Wahab Abayawo     Umar Saro     Savannah Centre For Diplomacy, Democracy And Development     Onilorin Of Ilorin     Lucky Omoluwa     Muhammad Yahya     Iyabo Adewuyi     Dasuki Belgore     Gbenga Olawepo     AGILE Programme     Kunbi Titiloye     Centre For Community Empowerment And Poverty Eradication     Aremu Odolaye     Moses Salami     Wahab Olasupo Egbewole     Shettima     Nigerian Supreme Council For Islamic Affairs     Toyin Sanusi     Riskat Opakunle     National Association Of Nigerian Students     Abdulazeez Uthman     Bola Olukoju     Curfew     Bilikisu Oniyangi     Aisha Abodunrin Ibrahim     Jaigbade Alao     Durbar Festival     Dagbalodo     Afin Descendants Union Of Odo-Owa     Iyabo Dupe Adekeye     Oke-Ogun     Minimum Wage     Alabi Lawal     Sulyman Atolagbe Alege     Jimoh Saadudeen Muhammed     Issa Manzuma     Y.A. Abdulkareem     Maigida     Kwara State Infrastructure Development Fund     Local Government     Adama Isa     Summit University     Kayode Laro     Micheal Imoudu     Olaiya Zuberu     Ilorin East     Abatemi-Usman     John Olajide Adedipe     Babatunde Idiagbon     Public Holiday     Lanre Jimoh    

Cloud Tag: What's trending

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

Micheal Imoudu     Tsaragi     FERMA     Olajumoke Monsura Gafar     LABTOP     Bayo Onimago     Turaki     Kwara 2015     Ibrahim Gambari     Mufti Of Ilorin     ANCOPPS     Oke-Oyi     Abdulkadir Orire     Adesoye     Dogara     Geri-Alimi Split Diamond Interchange     Yusuf Amuda Aluko     Share     Amos Justus Sayo     Ajikobi     Ahmad Belgore     Abdulrahman Iliasu     Ethical College     Ayo Adeyemi     Old Oyo     Charles Ibitoye     Oba Abdulrahim     Kazeem Adekanye     Ambassador Kayode Laro     Idris Amosa Saidu     Asiwaju Bola Tinubu     Crystal Corner Shops     Yusuf Amuda Gobir     Maryam Ado Bayero     Issa Memunat Moyosore     Sulu Gambari     Hajj     Abikan     08001000100     GANZY     Amuda Musbau     Revenue Court     Isiaka Abdulrazak     Tope Daramola     Kayode Oyin Zubair     Abdulganiyu Oladosu     AGILE Programme     AbdulRasaq Abdulmajeed Alaro     Fulani     Erin-ile     Olatomiwa Williams     Muhammad Mustapha Suleiman     Jebba     Ilorin Metro Park     Gbemisola Oguntimehin     Patience Jonathan     Muyideen Ajani Bello     Abdulmumini Jawondo     Mahmud Durosinlohun Atiku     Mashood Abdulrafiu Agboola     Emmanuel Bello     Gbenga Adebayo     Assayomo     HAMFAT Clinic And Maternity     Galadiman Ngeri     Theophilus Oyebiyi     Shao     Quareeb Islamic Association     Abdulraufu Mustapha     Moshood Bakare     Aminu Ado Bayero     General Tunde Idiagbon International Airport     Baba Adini Of Kwara State     Rihanat Ajia     Isiaka AbdulRazaq     Oro Grammar School Old Students Association     Kazeem Oladepo