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.

Kamaldeen Ajibade     Oke-Ero     Ilorin West     Simeon Ajibola     Abdulsalam Firdaous Amosa     Ajayi Okasanmi     Ibrahim Issa Jetti     Sa\'adu Salahu     AbdulQowiy Olododo     David Oyepinola Adedumoye     Rafiu Olasile     Opaleke Bukola Iyabo     Omoniyi Ayinla     Saad Belgore     Adewuyi Funmilayo     Moshood Kashimawo Abiola     Mohammed Yahaya Barki     Yemi Sanni     KW-GIS     Yusuf Mubarak     Muyiwa Oladipo Kanu     Mohammed Ghali Alaaya     Olanrewju Okanlawon Musa     Adisa Logun     Atiku Abubakar     Kwara Volleyball Association     Laolu Saraki     Maryam Ado Bayero     COVID     Kwara Basketball Association     Funmilayo Isiaka Oniwa     Suleiman Mora Omar     Kwara Consultative Forum     Salman Jawondo     Balogun Gambari     Salaudeen Oyewale     Igosun     Suleiman Ajadi     Raliat Elelu-Habeeb     Eruku     Olatunde Michaels     Elekoyangan     Bolaji Nagode     Adesoye College     Agboola Abdulraheem     Jimoh Olusola Imam     Yakub Ali-Agan     IDPU     Kwara State Football Association     Bayo Ojo     Alloy Chukwuemeka     Adama Isa     Abdulrasheed Akogun     Mohammed Abdulahi     Shao     KWASAA     Park     Galadiman Ngeri     Babatunde Ishola Babaita     Michael Nzwekwe     Abegunde Goke     Niguel Gallando Marcias     Yoonus Kola Olatinwo     Earlyon Technologies     Ajia-Bako     Fatai Olodo     Bello Oyebanji     Hassan Abdulazeez Elewu     Okin Malt     Bukola Saraki     Adolescent Girls Initiative For Learning And Empowerment     Afonja Descendants Union     COEASU     PharmAccess Foundation     Islamic Development Bank     Yomi Adeboye     Iliasu    

Cloud Tag: What's trending

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

Michael Ologundea     Ubandawaki     Oba Abu     Rachael Obisesan     Abdulwasiu Bolaji Adeyi     Muhammadu Gobir     Bayo Onimago     Ilorin Anchor Men And Women     Titus Ashaolu     IFK     Olayinka Olaogun     Adedipe     Isiaka Saka Opobiyi     Rasheed Jimoh     Revenue Court     Habeeb Saidu     Nurudeen Muhammed     Kayode Oyin Zubair     ITP     Okin Biscuits     Babatunde Idiagbon     Matthew Babaoye     Emmanuel Bello     Senate Presidency     Adekunle David Dunmade     Unilorin FM     Aisha Buhari     Mahmud Ayinla Giwa     Abdulrazaq Aiyelabegan     Turaki     Asa     Ahmad Olanrewaju Belgore     Abioye Bello     ASMAU PLAZA     Ibrahim Agboola Gambari     AbdulHamid Adi     Tafida     NNPP     Sunday Otokiti     Adeola Abraham     Charles Ibitoye     Adisa Logun     Raliat Islamic Foundation     Yahya Mohammed     Kulende-UITH     Kwara State University Of Education     Khairat Gwadabe     Sobi Specialist Hospital     Abubakar Olusola Saraki     Bisi Kristien     Ahmad Ali     Jumoke Monsura Gafar     Sobi     Offa Poly     Muslim Media Watch Group Of Nigeria     Galadiman Ngeri     Sulyman Tejidini     Abubakar B.M     Abiodun Abdulkareem     Nigerian Army     Modupe Oluwole     Inside Kwara     Simeon Ajibola     Haliru Yahaya     Zara Umar     Olomu Of Omu-Aran     Shuaibu Yaman Abdullahi     Moji Makanjuola     Bamidele Aluko     AbdulKareem Yusuf Danhawa     Elewu     Ramadan     Ibrahim Jawondo     Abiodun Musa Aibinu     Abdulquowiyu Olododo     Kola Shittu     Issa Baba