Skip to main content

Amosun gets House’s approval for over N18.9bn loan

By

Ogun State House of Assembly on Wednesday approved Governor Ibikunle Amosun’s request to approach GTBank for N18.9 billion short-term loan meant to offset several months of outstanding deductions ‎and subventions to workers on state and local governments’ payrolls.

It would be recalled that Ogun State government and all 20 local government councils in the state have been lately at loggerheads with the entire workforce over the thrift and co-operative deductions and subventions, giving the excuse of dwindling federal allocations to the states.
Suraj Adekunbi-led Ogun State House of Assembly Wednesday gave its approval to go ahead, as part of Muhammadu Buhari-led Federal Government bailout and receive the short term loan of N18.9 billion, splitting into N9.779 billion for the state workers’ outstanding deductions/subventions and N9.139 billion for their local governments’ counterparts.
BusinessDay reports ‎that the governor’s request for short-term, single-digit interest loan was a follow up to the House Resolution – 008/2015, authorising the restructuring of the commercial bank loans into Federal Government of Nigeria Bonds, which would enable the state to fully participate in the bailout scheme.
The approval was however, granted through a resolution passed after the motion for the passage was moved by the Majority Leader, Adeyinka Mafe, seconded by Oluwasesan Soyebo which was supported by the Whole House.

Comments

Post a Comment

Popular Posts

Actress, Laide Bakare Cruise New York Streets In New G-Wagon 2015 Model (PHOTOS)

By
Nollywood actress Laide Bakare who is currently on vacation took to the streets of New York yesterday, cruising the streets in Her New G-Wagon 2015 model. The actress who is set to return to Nigeria after a long break from the bustles of the movie industry. She took her time window shopping and getting goodies for are loved ones back in Nigeria. See photos below.
Post a Comment
Read full story »

Health: Cure a Headache From Staring at the Screen on a Laptop

By
Staring at the screen of a laptop for too long can result in a headache. This is often caused by eyestrain. Other symptoms can include dry or watery eyes, stiff shoulders and neck, tired, itching or burning eyes and an increased sensitivity to light. These symptoms are a signal that you are not using the laptop properly and are making your eyes strain to do the work. It is not difficult to cure the headache and prevent this problem from reoccurring.
Post a Comment
Read full story »

Three pastors, herbalist arrested for kidnapping in Ogun

By
Men of Ogun State Special Anti Robbery Squad, led by Officer-in-Charge, Tijani Muhammed, have arrested three pastors and a herbalist for allegedly kidnapping a United State-based Nigerian in the state. A 70-year-old woman, Monilola Lateef, her son, Modiu, and two others were also arrested for alleged armed robbery in Abeokuta, the state capital. Parading the suspects, the state Police Public Relations Officer, Muyiwa Adejobi, told newsmen that the three pastors and one herbalist belong to a five-man gang of kidnappers, who had been terrorising residents of Ijebu area of the state. Adejobi said the suspects were arrested, Tuesday, at Ita-Marun, Ijebu Ode, by men of the state Anti-Robbery Squad. He said the suspects, including Ganiyu Olaiya, Segun Makanjuola, Bisi Akinleye and Bayo Adekunle, were arrested for allegedly abducting a man who just retur-ned to the country from abroad. According to him, the three Christian clerics and herbalist deceived their victim with an offer o...
Post a Comment
Read full story »