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.

Yusuf Zulu-Gambari     Mumini Ishola Hanafi     Dauda Adesola     Muazam Nayaya     IPSAS     Kwara State Football Association     Kwara Coalition Of Business And Professional Associations     Zubair Folorunsho Erubu     Kemi Adeosun     Bilikisu Gambari     Millennium Development Goals     Mustapha Olanipekun     Haliru Dantoro     NITDA     Yusuf Amuda Gobir     Marafan Shonga     Facebook     Idris Amosa Saidu     Ekiti     Garba Idris Ajia     TETFUND     Public Holiday     MalHub     Ibrahim Oniye     Abdulganiyu Oladosu     Kayode Ibrahim     Chikanda     Yinka Aluko     Ilorin Talaka Parapo     Bayo Ojo     Monsurat Omotosho     Mohammed Yisa     Shehu Jimoh     Ambassador Kayode Laro     Saad Omo Iya     Bureau Of Lands     Kupchi Hosea Maxwell     Col. Adedipe     Yahaya Oloriegbe     Nnazua     Kwara Politics     Abegunde Goke     Ayeyemi Sulaiman     Tayo Awodiji     Yusuf AbdulRasheed     Kulende-UITH     Abiodun Musa Aibinu     Moronfoye     IsDB     All Peoples Party     Muhammad Akande Olarewaju Odunade     AbdulKareem Yusuf Danhawa     Sa\'adu Salahu     Kayode Ishola     Gani Saadu     Gbugbu International Market     Jimoh Bashir     KWTV     National Association Of Nigerian Students     Rex Olawoye     Aisha Ahman-Pategi     Baba Idris     Patience Jonathan     Paul Odama     Wahab Olasupo Egbewole     Amuda Aluko     Sanitation Exercise     Isiaka Saka Opobiyi     Federal Road Maintenance Agency     Jumoke Monsura Gafar     Umar Yakubu Jaja     Oke-Oyi     March 28     AbdulHamid Adi     Mohammed Lawal Bagega     Abdulrosheed Okiki     Coalition Of Kwara North Groups    

Cloud Tag: What's trending

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

Lawal Arinola Kudirat     Olufolake Abdulrazaq     Boko Haram     Makama Of Kaiama     SUBEB     Ajia-Bako     Aliyu Umar     Omotoso     Osinbajo     NFAI     Logun     Aliyu Muhammed     Yunus Oniboki     Christopher Ayeni     UITH     Patience Jonathan     Forgo Battery Company Limited     Code Of Conduct Tribunal     Ilorin South     Shaaba Lafiagi     Ajase-Ipo     Ridhwanullah Al-Ilory     Oyedun Juliana Funke     Admiralty Villa     Post-utme     Mogaji Aare     Oya State     Ilorin General Hospital     Amina Susa\'a De Ahmed     Kola Ologbondiyan     Taofik Abdulkareem     Arinola Lawal     Abdullahi Saadudeen Alikinla     Oloyede     Tsaragi     Galadiman Ngeri     Hikmah AbdulKareem     Yusuf Babatunde Abdulwahab     Standard Organization Of Nigeria     Tinubu Legacy Forum     Abdulbaqi Jimoh     Amina El-Imam     Erubu     Valsolar Consultoria     Abdul-Rahoof Bello     Nnazua     Ekiti     Na\'Allah     Jumoke Monsura Gafar     Abdulsalam Firdaous Amosa     KWACOBPA     Busari Alabi Alausa     Albert Ogunsola     Popo-Igbonna     Nigeria Foundation For Artificial Intelligence     Moshood Mustapha     Royal FM     Pakata Development Association     Olayinka Jelili Yusuf     Ibraheem Abdullateef     Emir Of Shonga     Samuel Elizabeth Keatswa     Ibikunle Ogunleye     Mohammed Abdulahi     Hakeem Idris     Dar-Al-Handasah Consultants     Goodluck Jonathan     KWSIEC     Isaac Gbenle     Adaramaja     REO CAKES     Ajeigbe     Rueben Parejo     Asa     2023 Elections     University Road     Bursary