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Delta Assembly grants Okowa’s request for N4bn credit facility

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Court orders ex-Gov Okowa to account for over N200bn educational funds, allocations

Delta Assembly grants Okowa’s request for N4bn credit facility

Okowa

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The Delta House of Assembly has granted Gov. Ifeanyi Okowa’s request for N4 billion bank facility to fund the proposed National Social Housing Programme in the state.

This followed the adoption of a motion by the Majority leader, Chief Ferguson Onwo and seconded by the Deputy Speaker, Mr Christopher Ochor at Tuesday’s plenary in Asaba.

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The house also granted another request for a N1.2 billion loan from Globus Bank Limited to provide counterpart funding for 2022 Universal Basic Education Programme (UBEC) projects in the state.

This also followed the adoption of a motion by the Majority Leader and seconded by Mr Emeke Nwaobi (PDP-Aniocha North).

 

 

The governor had transmitted a letter to the House seeking approval for the N4 billion loan.

Okowa said that the loan which would be taken from Globus Bank Limited or any other financial institution, would be used for the construction of affordable homes across four locations in the state.

 

 

He said that the approval being sought was in fulfilment of one of the conditions for family homes funds limited to proceed with the construction of 779 affordable homes in the state.

Okowa said that the homes would be located in Kwale in Ndokwa East, Ekpan in Uvwie, Ibusa in Oshimili North and Owa-Ekei in Ika North East local government areas of the state by Family Homes Fund Limited (FHFL) under the proposed national social housing programme.

 

 

The governor said that the initiative was geared toward addressing the housing deficit as well as meeting the welfare needs of the people of the state.

Okowa said that the State Executive Council at its 10th meeting of Sept.15 considered and approved the N4 billion loan from Globus Bank Limited.

 

 

“This letter is to seek the authorization of the Honourable House for Delta government to accept the loan facility from Globus Bank Limited or any other financial institution and issue an appropriate Irrevocable Standing Payment

Order (ISPO) in favour of the accepting Bank to defray the loan,” he said.

 

 

Okowa also transmitted another letter seeking permission to take a N1.2 billion loan for counterpart funding of UBEC projects in the state.

”Considering the state’s limited cash-flow at the moment, vis-a-vis the current Monetary Policy Rates released by the Central Bank of Nigeria (CBN), it became necessary to seek a financial option that will ensure the state benefits from the UBEC grant by meeting its obligations at favourable terms and conditions.

 

 

 

”Incidentally, Globus Bank Limited has indicated interest in providing the state with the required fund, having submitted an offer letter reflecting terms considered favourable to the state, in light of the current economic realities.

”The loan would be paid back in 12 months.

 

 

”Sequel to the foregoing, the State Executive Council at its 10th meeting held on Sept. 15, 2022 considered and approved that the State government obtains N1.2 billion loan facility from Globus Bank Limited as counterpart fund matching grant for 2022 UBEC projects in the state,” he said.

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Politics

Tinubu @72: Photos As Lagos Lawmakers Honour Nigeria’s President

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Tinubu @72: Photos As Lagos Lawmakers Honour Nigeria’s President

 

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Lawmakers at the Lagos State House of Assembly took turns to speak glowingly of President Bola Ahmed Tinubu on Thursday as he marks his 72nd birthday on Friday.

 

 

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The lawmakers commended the President for deciding on no-celebration of his birthday in consideration of the mood of the nation as, according to them, this was the mark of true leadership.

However, the lawmakers said it was important to celebrate the President’s achievements while he was governor of Lagos and his current strides noting that his policies in the State have continued to put Lagos on the global map.

Speaker of the House, Rt. Hon. Mudashiru Obasa, while praying for good health and strength for the President, noted that the successes so far achieved by Lagos can be linked to Tinubu’s wisdom and leadership capacity.

“When Asiwaju Tinubu became governor, we all know how much Lagos was earning. He successfully moved the revenue of the state from N600 million to over N8 billion in 2007. He also set in motion strategies for the upward progression of the revenue generation.

“This is not just about his birthday. It is a celebration of Lagos and where his policies have carried us. The Lagos Red Line rail project was unveiled recently and Governor Babajide Sanwo-Olu reiterated that the achievement can be attributed to Asiwaju who created the Lagos Metropolitan Area Transport Authority (LAMATA) while he was governor,” Dr. Obasa said.

The Speaker directed the Clerk of the House, Barr. Olalekan Onafeko, to transmit a congratulatory message to the President on behalf of the lawmakers, staff and management of the Assembly.

In his contribution, the Majority Leader of the House, Hon. Noheem Adams, prayed that the steps currently being taken by the President would bring Nigeria out of its challenges.

While the Deputy Majority Leader, Adedamola Richard Kasunmu, described Tinubu as a compassionate leader, Hon. Sa’ad Olumoh (Ajeromi-Ifelodun 1) said Tinubu’s journey has been one of successes as seen in Lagos and his current administration at the centre. He prayed that the President’s current policies will also be beneficial to every citizen.

On his part, Hon. Sylvester Ogunkelu (Epe 2) recalled how Obasa prayed in 2019 that Tinubu would be president adding that Tinubu had shown his leadership acumen by deciding not to celebrate this year’s birthday.

Hon. Foluke Osafile (Amuwo Odofin 1) commended the President’s current steps while Hon. Adewale Temitope (Ifako Ijaiye 1) prayed that God continue to direct Tinubu’s paths and also keep Lagos lawmakers soaring.

 

 

Tinubu @72: Photos As Lagos Lawmakers Honour Nigeria's President

Eromosele Ebhomele
Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

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BEHOLD THE BEAUTIFUL BRIDE OF OSADEBE AVENUE BECKONS

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BEHOLD THE BEAUTIFUL BRIDE OF OSADEBE AVENUE BECKONS

BEHOLD THE BEAUTIFUL BRIDE OF OSADEBE AVENUE BECKONS

 

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In the spirits of the exigencies of present charged up political topical realities and conversations,I am inherently inclined to ruminate and juggle our consciousness around the personage of Hon Senator M.Okpebholo and his walk towards becoming the Governor of Edo State.

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Humanity has always been subsumed,inundated with transformative phases culminating into palpable tangible events and outcomes and leading to positive disruptive developmental changes.

Undoubtedly,ideas visions and actionable goals shapes our world into transcendental growth and transformative developments.

A purposeful and iconoclastic idea whose time has come breaks down all barriers and obstacles to shine and glow into unparalleled unbridled fruition and acceptance.

In this sense,it’s pertinent to encapsulate rather unequivocally that Senator M Okpebholo emergence as the flag bearer of APC in the forthcoming Edo State elections is an idealistic momentous indication of an idea whose time has come-he is the rave of the moment that everyone should reasonably pander to and readily identify with without hesitations or scruples.

Resoundingly loud in the lips of rational citizens and netizens in and beyond Edo State is the very unmistakable ubiquitous voices,agitations,drumming,clamoring,for the easy going,down to earth,soft spoken,unassuming,humane,humbleness personified mien of Hon Senator M Okpebholo whose time has come to become the Governor of Edo State.

Typically,analogically and apparently the difficulties encountered with attempting to stop a moving train is the same struggle and resistance cum obstinacy to be overcome all attempts to stop the movement of SMO trains into Osadebey Avenue.

Interestingly,but ironically rumor mill and social media tends to be irreverently awash with arguments and postulations for or against and about the antecedents and benevolent overtures of SMO in the past as indices,parameters and anecdotes or measuring yardstick for future performances upon emergence as Governor….and l am simply miffed,wondering and asking rhetorically for the umpteenth time a subliminal regurgitation of our memories as to the performances of our erstwhile Governor Oshiomhole Gov Obaseki,Gov Igbinedion,Gov Odigie Oyegun
before they became Governors of Edo State??

I will be stultified and jolted into coalesce,condescension and submission if one can point at a meaningful remembrance of any grandiose project or remarkable charitable contributions they made in their respective local governments or senatorial zones prior to their being elected as Governors.

Suffice to state that I am struggling to decipher the rationale behind the conversation that previous acts of charity and projects done becomes a major political indicator and justification for becoming a Governor of Edo state.

Therefore and rightly so,it aggregates to cheap assailable blackmail all attempts to profile Hon Senator M Okpebolo on the basis of his personal acts of charity as a vicarious lens of assessment and for voting him into Office as Governor or otherwise.

He is irrevocably the beautiful bride of Edo Politics whose time is now.
An impeccable candidate with no baggages.He is his self cheerleader.
He is your everyday people person who operates an open door policy.
He is a rare silent achiever and an astute leader with pedigree of talking less but doing more.
He is an asset and a gift to Edo State

He is not your regular run of the mill boastful politician who speaks with both sides of the mouth denigrating with prism alluring lies uncensored

In the main,the whole essence of political participation is intended to make policy decisions that could shape up and lead to definitive changes,gains and democratic reforms for the generality of the public interest.

And l boldly posit unapologetically that voting Hon Senator M Okpebholo as Governor of Edo State is a wise choice to make come Election Day cos he will walk the talk by matching words with actionable and transformative deliverables of democratic dividends upon becoming the Governor of Edo State.

 

BEHOLD THE BEAUTIFUL BRIDE OF OSADEBE AVENUE BECKONS

Vibes up the Rhythm

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Ondo governorship aspirant, Akintelure is dead

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Ondo governorship aspirant, Akintelure is dead

Ondo governorship aspirant, Akintelure is dead

 

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Sadly, one of the frontline governorship aspirants of the All Progressives Congress (APC) in Ondo State, Paul Akintelure, is dead.

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Before his untimely demise, Akintelure had raised concerns about both direct and indirect threats to his life.

 

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He had expressed hope that the situation would improve over time but sadly, it escalated as the APC governorship primary election scheduled for April 25 approached.

Akintelure’s alarm on threat to life

Akintelure in a statement released by his spokesperson, Oladapo Akintelure, on Thursday, March 21, 2023, said, “Initially, I hope these incidents would dissipate over time, yet regrettably, they have escalated to pose a serious threat to my life”

“The threats against me only strengthen my resolve to stand up for what is right and just. I will not allow fear to dictate our path forward.

“Let us embrace peace, progress, and unity. Our collective strength lies in our to stand together as one, regardless of our differences.”

Political background

Recall Akintelure ran as the deputy governorship candidate of the Action Congress of Nigeria (ACN) with Rotimi Akeredolu (the incumbent Ondo State governor) against Olusegun Mimiko, the then Labour Party flagbearer, who won the election.

Earlier, he had contested the senatorial election against the Peoples Democratic Party candidate, but he was defeated.

He was a medical doctor and hailed from Igbotako, Okitipupa Local Government Area of Ondo State.

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