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.

Rafiu Ibrahim     Demola Banu     Alumni Association Of The Federal Polytechnic Offa     Al-Hikmah University     Coalition Of Kwara North Groups     Ayo Opadokun     Yusuf Amuda Abubakar     Okin Biscuits     Doyin Group     IESA     Ola Falade     Jimoh Bashir     ASKOMP     Ndakene     Sheikh Ariyibi     Abdulrauf Yusuf     Kwara State Television (KWTV)     Matthew Babaoye     Afonja Descendants Union     IHS     Ekiti     Ilorin Anchor Men And Women     Abdulrasaq Alaro     Ojo Fadumila     Florence Saraki     Baruten     General Hospital     Micheal Imodu-Ganmo Road     National Association Of Nigerian Students     Abdulwahab Oba     Rasheed Jimoh     Park     Abikan     Olatinwo     Sa\'adatu Modibbo-Kawu     Alao Ayotunde     Magaji Are     Tunji Arosanyin     Ahmed Dankaya     Maigida     Ilorin Descendants Progressive Union     Ahmed Idris Mohammed     Adedayo Yusuf Abdulkareem     Twitter     Voices Of Tomorrow     Saba Mamman Daniel     Jaiz Bank     Baakini     Gafaru Olayiwola Olorisade     Suleiman Rotimi Iliasu     Kamaldeen Kehinde     Taofik Abdulkareem Babaita     Afolayan     Apata Ajele Secondary School     Share     EndSARS     CCEPE     Volunteers Of Ilorin Community And The Emirate     Olawuyi     Yusuf Arowosaye     Abdullahi Samari     Mansurat Amuda-Kannike     Balogun Ajikobi     Bamikole Omishore     Lanwa     Amusement Park     Kayode Ishola     Musbau A. Akanji     Kwara Volleyball Association     Students Union Government     Iponrin     Ayotunde Emmanuel Alao     Bayo Lawal     Afusat Nike Ibrahim     Countryside Emerging Leaders Fellowship     Kwarareports.com     Muhammad Akande Olarewaju Odunade    

Cloud Tag: What's trending

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

Muhammad Ghali Alaaya     Zara Umar     N-Power     Ekweremadu     Seun Bolaji     Haruna Olawale Sulaiman     Michael Nzwekwe     Ajibike Katibi     Haleeman Salman     Aliyu Muyideen     Mohammed Tunde-Jimoh     Chartered Institute Of Personnel Management Of Nigeria     Kuliyan Geri     Kwara Metro Park     Talaka Parapo     Boko Haram     Ibrahim Gambari     Colleges Of Education Academic Staff Union     Muhammed Aliyu     Hussein Oloyede     Okeose Christian Cementary     Mopelola Abdulmaliq-Bashir     Bello Taoheed Abubakar     Abdullahi Atanda     Government High School (GHS), Adeta     Aasiyat Bello Oyedepo     Ijagbo Health Centre     Tunde Mukaila Mustapha     Shettima     Abdulrahman Abdullahi Kayode     CCEPE     Adam Abdullahi Al-Ilory     Rasaq Jimoh     Mujtabah Bature     Simeon Sayomi     Zaratu Umar     Kwara State Branch Of The National Library     Surajudeen Akanbi     Kwara United     Opobiyi     Abdulrahman Iliasu     Agboola Babatunde     Muyiwa Oladipo Kanu     Senior Staff Union Of Colleges Of Education     Lithium     Yusuf Aiyedun     Gurei     Ilorin Anchor Men And Women     Mamman Saba Jibril     Muhammadu Buhari     Shuaib Abdulkadir     Abdulrazaq Magaji     Ayeyemi Sulaiman     Ajibola Ademola Julius     Laduba     First Lady     Nurudeen Muhammed     Tunde Yusuf     T And K FOODS     Tunji Arosanyin     Sayomi     Yusuf AbdulRasheed     Turaki Of Ilorin     Shero     Ilesha-Baruba     Prince Sunday Fagbemi     Bamikole Omishore     Doyin Agbamu     Shaaba Lafiagi     March 18     Kawu     Ademola Kiyesola     JAAC     AbdulGaniyu Kareem     Mansur Alfanla     Idris Amosa Saidu     Rihanat Ajia