Akpabio seeks N80bn additional loan
April 18, 2013 by Etim Ekpimah 4 Comments



The Akwa Ibom State Governor, Mr. Godswill Akpabio , is seeking an additional loan of N80bn after the N50bn he collected in February when he paid a courtesy visit to the Akwa Ibom State House of Assembly.

A reliable source in the AKHA, who was not happy with the development, said the House was appalled by the letter seeking approval for an additional loan.

He stated that the state government collects over N30bn a month from the Federation Account, yet the ministries are starved of funds.

He said, “The former loan of N50bn the governor collected in February when he paid a courtesy visit to the House of Assembly had been wasted unjustifiably.

“We have over N30bn a month from the Federation Account; yet he collected N50bn and spent it lavishly outside the state.”

Against the assertion by the governor that the House had provided N10bn for wastage, the source retorted that the House has never provided any money to be wasted on frivolity.

“That was wrong information. The House has never appropriated any money for him to waste, not to talk about N10bn as he said.

“Every ministry is complaining of starvation; Akpabio is not giving them money to run the affairs of the ministries.

“The money he refused to release to the ministries is the one he is using to lavish on people outside the state,” he said.

He averred that it was too early for the governor to start seeking loans from the first quarter of the year. He noted that the development portrays the state as not doing well.

In January 14, 2013 the governor assented to an appropriation bill of N470.08bn as passed by the state House of Assembly for the year.

http://www.punchng.com/news/akpabio-seeks-n80bn-additional-loan/

Hahahahaha!!!!
The people of the state don suffer! Na fashola be their obsession!!
Fools!
Give him the loan jur

State with the highest monthly allocation.

Eko Atlantic: State with the highest monthly allocation.

I dey laff

This is unbelievable! Absolutely unbelievable! When other States with equal population are collecting 5billion! What happened to the extra 25billion or is it those roads I've been seeing since 2011? I hope its a cooked up story.

make im borrow money from 2face na! Stewpid governor.Olee!

You can not sustain endless money rain, you have to refuel at some point and that point is now so please give this man some more money to keep it raining...



More Money More Money More Money...

unbelievable

N80bn what's the population of that state again sef?!

Akpabio has been spending all that money like he's a YMCMB rapper. What does he want to do now?? Buy a Bugatti to drive on those roads he constructed

Why dole out gifts?

No different from the Shagari/ekweme second republic and yakubu gowon's "my problem is how to spend it". These idiots in government lack even the basic administrative and visionary skills. Despite getting more money than any other state,these idiots cannot live within their means. JONATHAN GOODLUCK AND HIS WORLD BANK FRAUDSTER IWEALA INCLUDED.forget the nonsense census figures ,akwa ibom population is less than a million. A good leader would have used these resources to banish poverty by empowering people.
These idiots believe the dollar rain will continue forever.OLOIBIRI should serve as a reminder.
Even Abacha and the hated obasanjo did not borrow a penny at $8 a barrel and $35 a barrel respectively with production at 1,900,000 barrels a day . In fact they beefed up the foriegn reserve. These current idiots are making over $100 a barrel at over 2,500,000 a day ND still ,they have to borrow money .

bloggernaija: These idiots in government lack even the basic administrative and visionary skills. Despite getting more money than any other state,these idiots cannot live within their means. JONATHAN GOODLUCK AND HIS WORLD BANK FRAUDSTER IWEALA INCLUDED.forget the nonsense census figures ,akwa ibom population is less than a million. A good leader would have used these resources to banish poverty by empowering people.

The best fi-di-fi governor
Papa deceiving pikin.

Lau lau spending governor. *sigh*

According to the usual suspects and loser, this irresponsible and reckless clown is the best governor in Nigeria, but why are they dodging this thread?

This is another reason why you can not take the AGIPA losers seriously.

onething I like about him is he is a working governor

Scarpon: onething I like about him is he is a working governor

he's working hard on wiping out the treasury alright.....

There is a word called " apa " in Yoruba language or spendthrift in english this man Akpabio is the number 1 "Apa" in Nigeria after Governor Amechi of Rivers State. They are real humpty-dumpty, big hollow empty heads.

The lethargy from people in this state is just shocking. He speaks recklessly,he spends recklessly and his politics is reckless and no one from Akwa ibom seems to care.
For my side people will talk and shout sha ni .if Gani(rip) keeps quiet,Falana or Odumakin go talk ,if not,there will be a pst. Bakare waiting to mount the pulpit
Yoruba kare laye!Smh

I hope the likes of Sincere 9gerian are observing, he actually post an article by Soludo where he talked about how to measure performance of state governments. This performance by Akpabio should be a good case study.

A gov,dat was busy lavishin moni on 2face n pdp leaders,is now askin 4 more loan.if you ve eva bin to Aks,and see the level of poverty,you will weep,and this man is killin morals in the state,sleeping with gals and lavishin money on them,and on cultist too.God go help us

bloggernaija: No different from the Shagari/ekweme second republic and yakubu gowon's "my problem is how to spend it". These idiots in government lack even the basic administrative and visionary skills. Despite getting more money than any other state,these idiots cannot live within their means. JONATHAN GOODLUCK AND HIS WORLD BANK FRAUDSTER IWEALA INCLUDED.forget the nonsense census figures ,akwa ibom population is less than a million. A good leader would have used these resources to banish poverty by empowering people.
These idiots believe the dollar rain will continue forever.OLOIBIRI should serve as a reminder.
Even Abacha and the hated obasanjo did not borrow a penny at $8 a barrel and $35 a barrel respectively with production at 1,900,000 barrels a day . In fact they beefed up the foriegn reserve. These current idiots are making over $100 a barrel at over 2,500,000 a day ND still ,they have to borrow money .

You definately nailed this with facts men.

Eko Ile:


he's working hard on wiping out the treasury alright.....

not like others that dont do a damm thing and.keep trasing out state money

that is so much