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.

Budo-Egba     Vishvas KOZ Tractors     Hijab     Bayer AG     Balikis Jawondo     Sambo Murtala     Magaji Nda     Taofeeq Olateju     National Pilot     Abdulfatai Salman Baakini     Okiki     Muhammed Akanbi     Rafiu Olasile     Micheal Imoudu     Baboko     Jimoh Olusola Imam     Wahab Olasupo Egbewole     Veterinary Teaching Hospital     Busari Toyin Isiaka     Funmilayo Mohammed     Pategi     Ayo Adeyemi     Adebara     Femi Agbaje     Ilorin Curfew     Ibraheem Adeola Katibi     Abdulganiy Abimbola Abdussalam     Afonja     Federal Neuro-Psychiatric Hospital     Opaleke Bukola Iyabo     Gbenga Olawepo     Aliyu Kora Sabi     Ilorin Central Mosque     Abraham Ojo     MINILS     Salihu Ajibola Ajia     Kolo     Rebecca Bake     Arinola Fatimoh Lawal     EndSARS     Hameed Oladipupo Ali     Barakat Community Secondary School     Aisha Buhari     Khairat Gwadabe     Oluwole Dupe     SARS     Ganmo Power Sub-Station     Olatunde Oyeyiola     Ajibola Ademola Julius     Olomu     Share     Ishaq Salman     Federal Road Maintenance Agency     Quranic Recitation Competition     Senior Staff Union Of Colleges Of Education     KWTV     International Aviation College     Kwara South     Eleja Taiwo Banu     Smart School     General Hospital, Ilorin     Sabi     Kumbi Titiloye     Yahaya Seriki     Ademola Kiyesola     Nnazua     Isiaka Yusuf     Marufat Oladosu     Siraj Oyewale     Yakub Lai Gobir     Gbenga Adebayo     Bilikisu Oniyangi     Abdulganiyu Oladosu     MATTA Girls Foundation     Abdulhakeem Adelaja Amao     Mamman Saba Jibril     Idris Garba    

Cloud Tag: What's trending

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

Sheu Ndanusa Usman     Edret Sabi Abel     Yashikira     Sulyman Atolagbe Alege     Yahaya Abdulkareem     Savannah Centre For Diplomacy, Democracy And Development     Kwara State Governor     Talaka Parapo     Ibrahim Abikan     Ministry Of Women Affairs And Social Development     Simeon Sule Ajibola     Afusat Nike Ibrahim     Zainab Abass     Abdulraheem Olesin     Kwarareports.com     Adanla-Irese     Y.A. Abdulkareem     Opobiyi     Lateef Fagbemi     Aisha Abodunrin Ibrahim     S.O. Opowoye     Ibrahim Taiwo     CACOVID Palliatives     Gbenga Awoyale     Mubarak Oladosu     Raji AbdulRasaq     Roseline Oni Aremu     Aisha Ahman-Pategi     Sabi     Abdulkadir Orire     Barakat Community Secondary School     Tafidan Kaiama     Aasiyat Bello Oyedepo     Apado     Toyosi Thomas     Undergraduate Bursary     Abubakar Lah     Aliyu Sabi     Olumide Daniel Ibitoye     Sheikh Ariyibi     ENetSuD     Christopher Tunji Ayeni     Olaoye B. Felix     First Lady     Musa Alhassan Buge     Kola Ologbondiyan     Oba Mogaji Abdulkadir     Haliru Dantoro     Isiaka Danmeromu     Suleiman Rotimi Iliasu     Idofin     Alaro     Muritala Awodun     Hydroelectric Power Producing Areas Development Commission     Awoye     Okin Malt     Olufolake Abdulrazaq     David Oyepinola Adedumoye     Rice Farmers Association Of Nigeria     Ekweremadu     Onikijipa     Afolabi-Oshatimehin Adenike Harriet     Iponrin     Abdulrahman Abdullahi Kayode     Mohammed Ajia Ibrahim     Adamu Atta     Saadu Alanamu     CT Ayeni     Ahmad Olanrewaju Belgore     Bolaji Gambari     Mary Kemi Adeosun     Park     COVID-19 Palliatives     Aremu Bose Deborah     Lanre Issa Onilu     Saudat Abdulbaqi     EndSARS