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

 

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