NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
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 Share on Google+

Views: 858

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 9:16:57 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Tribunal erred in annulling my election —Governor Ishaku...

Corruption, one of our major problems —Anambra Commissioner...

Gambia’s new President unfolds agenda

Delta Diaspora Professionals condemn alleged plan to relocate...

Troops nab militias in Nasarawa, recover arms

Troops kill Boko Haram spy

Police suspends promotion screening of officers with Degree/HND...

It will be a day of clouds, thunderstorm,...

Nigeria will come out of recession stronger, bigger:...

Corruption plays key role in Nigeria’s setback —Gowon...

FG seeks more Korean investments in Nigeria

Jonathan’s wife sues EFCC over frozen $31.4 million...


Latest News 5,000 dump APC for PDP in Bayelsa Buhari appoints new heads of NHRC and NERC, new Directors for NDDC More foreign visitors troop into Nigeria – Data Panic as explosions, heavy gunshots shake Maiduguri •No cause for alarm, says Army as rumours of Boko Haram presence spread APC chairmanship aspirant escapes assassination in Delta Osun Guber Polls: INEC releases timetable Benue killings: You are arrogant and insensitive - Secondus blasts Buhari •Berates President for snubbing Benue for Bauchi Troops raid Benue militia camp •Nab suspected kingpin, recover arms Court orders DSS to tender weapons recovered at Dasuki's residence FAAC: FG, States, LGs share N626.8bn Angry youths burn police officer’s residence in Edo Group launches 'citizens guide to the recall process'


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (340,239 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (335,377 views) Shameless Genevieve Nnaji exposes breasts in public (268,315 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,658 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,416 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,523 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (173,254 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,606 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,384 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,404 views) Lagos plane crash: Journalist releases victims’ names (137,188 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,847 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,079) Business Verdict (40) Columnists (840) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (486) Features (570) Global Business Monitor (267) International (1,929) Interview (149) Live Commentary (28) Love Matters (116) News (34,792) Opinion (917) Pidgin (10) Politics (4,827) Religion (725) Sports (1,490) Stock Watch (28) AMA & Al Jazeera Global Update


Firstmobile banner




Boko Haram commanders surrender


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera