Fidelity Banner Yudala
Abia House gives Ikpeazu green light to spend N19 billion Paris Club inflow fund

By News Express on 31/12/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 158

Governor Ikpeazu.
Governor Ikpeazu.

Abia State Governor, Dr Okezie Ikpeazu, has received the consent of the state House of Assembly to spend the state’s share of the Paris Club inflow funds of N10.6 billion on payment of arrears of salaries and pensions owed workers and retirees in the state.

The House which passed the resolution during its sitting Friday also approved that part of the funds be deployed to provision of infrastructure.

This was sequel to a request by the governor through a correspondence to the House, seeking the approval of the lawmakers to spend the money on specified items.

The passage of the resolution was the first official assignment of the new and 10th Speaker of the sixth Abia State House of Assembly, Rt. Hon. Chikwendu Kalu, who, on resumption from a “tea break” after his election, announced that he has a letter from the governor of the state. The letter reads:

“The government of Abia State received the sum of N10,631,724,520.96 from the federal government of Nigeria representing 25 per cent of $146 million being the sum total of Abia State excess charges of the Paris Club by the federal government.

“Furthermore, the President and Commander-In-Chief of the Armed Forces of Nigeria, President Muhammadu Buhari issued a Presidential Directive on the specific application of the funds to payment of arrears of salaries and pensions and for execution of capital projects.

“I hereby seek your resolution of the honourable House approving expenditure of the said fund as follows:

•N5, 315,662,620.48 for arrears of salaries and pensions
•N1, 771, 887, 420.16 for roads
•N2, 657, 831, 130.24 for bridges
•N685, 943, 710.08 for hospitals
•N200, 000, 000 for street lighting.”

After reading the letter, the Speaker put it to question, saying “those in favour of the resolution say Aye, and the lawmakers chorused a loud Aye; Kalu again asked those against the resolution to say nay, and a lonely voice resounded nay; and the Speaker ruled that the ayes “have it.
 

Source News Express

Posted 31/12/2016 2:16:57 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Emeka Obasi floats daily newspaper

NUP President declares Amosun Pensioner-friendly Governor

Boko Haram kills 5 soldiers, 3 others in...

NLC criticises upsurge in casualisation of workers

Imo Govt. expresses shock over murder of US-based...

Rights activist dazzles Osogbo beggars

Jimoh Ibrahim’s Daily Newswatch unveiled

EFCC challenges court order on Fayose’s bank accounts...

Edo legislature crisis: Key APC lawmaker dismisses defection...

El-Rufai clears name on internet scam

Breaking: BOKO HARAM ABDUCTS MORE GIRLS in fresh...

Remain focused to creating safer road environment, Oyeyemi...

 

Latest News MTN postpones listing on Nigerian Stock Exchange Frustrated participant threatens to kill MMM chiefs •Others rage, curse as reality sets in Ohanaeze President angry with Buhari, reels out his anti-Igbo actions Jammeh confirms decision to step down, thanks Gambians Brass Fertiliser and Petrochemical Company to create 20,000 jobs EFCC headquarters of corruption: Fayose’s aide •Calls for Magu’s prosecution Nigeria ratifies Trade Facilitation Agreement New LASTMA boss restates commitment to free flow of traffic Jama’a Emirate tackles SOKAPU over attack on Emir GOC 82 Div tours Owerri, Onitsha Formations and Units Anambra PPA leader calls on FG to go back to cocoa production My father was religious, disciplined and organised — Amosun

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (222,908 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (202,870 views) Shameless Genevieve Nnaji exposes breasts in public (169,322 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (158,564 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (142,700 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (127,560 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (113,351 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (111,656 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (100,283 views) Lagos plane crash: Journalist releases victims’ names (96,486 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (91,646 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (77,402 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (25) Business (2,413) Business Verdict (14) Columnists (610) Complaints & Requests (81) Enterprise & Opportunities (133) Entertainment (282) Features (357) Global Business Monitor (129) International (1,193) Interviews (112) Live Commentary (28) Love Matters (35) News (20,770) Opinion (619) Pidgin (8) Politics (3,494) Religion (460) Sports (1,208) Stock Watch (10) AMA & Al Jazeera Global Update

 

UBA banner advert

CBN BVN

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!