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Nairaland Forum / Nairaland / General / Politics / Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand (1159 Views)
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Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by ekoilee: 1:29am On Apr 24, 2013 |
The assembly said it gave the governor’s request accelerated hearing. The Akwa Ibom State House of Assembly on Tuesday approved the request by Governor Godswill Akpabio to borrow $500 million (N78 billion) from the Standard Chartered Bank International, London. http://premiumtimesng.com/regional/131068-akwa-ibom-assembly-approves-n78bn-loan-five-days-after-akpabios-demand.html |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by EPOMA(m): 1:53am On Apr 24, 2013 |
He added that the approval was “based on the clarity given by the Commissioner for Finance and Economic Development, and the commitment of Governor Godswill Akpabio to the initiation and completion of life-touching projects”. Please what is the life touching projects? Just stealing in daylight.Akpabio's admirers please defend this |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by ekoilee: 1:55am On Apr 24, 2013 |
ALL MEMBERS OF THE AKWA IBOM STATE HOUSE OF ASSEMBLY TO PARTICIPATE IN THE AKWA IBOM STATE ECONOMIC SUMMIT/INVESTMENT EXPO 2012 AND LEGISLATORS’ WORKSHOP IN HOUSTON, TEXAS
The whole state house actually left their own state to organize and attend economic summit away from their own state and resources..? This is sad and not funny, but I'll laugh regardless... Ultimate estacode fraud, redundancy and impunity..... |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by Royalty1(m): 2:04am On Apr 24, 2013 |
Borrowing to pay a Debt Robbery in broad daylight. If Oil producing states are getting loans such as this, what should Kwara and Niger do o? |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by otokx(m): 8:46am On Apr 24, 2013 |
Akpabio wants to live Akwa Ibom in penury like Donald Duke left Cross Rivers. |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by Scarpon(m): 8:53am On Apr 24, 2013 |
we got news the loan have been given but we never get a news if its was paid |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by EPOMA(m): 8:37pm On Apr 24, 2013 |
otokx: Akpabio wants to live Akwa Ibom in penury like Donald Duke left Cross Rivers. Very soon all his tricks will be exposed, How can a 4 lane road be costing 2 billion Naira per kilometre ,Only in Akwa Ibom |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by OmoTier1(m): 9:08pm On Apr 24, 2013 |
EPOMA:That was why Oshiomhole chased the same crooks away from Edo state! Oh.. Akwa-Ibom has gone to the dogs |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by SLIDEwaxie(m): 10:45pm On Apr 24, 2013 |
And some morons had the guts to say dt one Ogun state lawmaker na 419!!! Wetin this one be, 5-2-10? Una no well o! |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by GeneralJ(m): 11:06pm On Apr 24, 2013 |
STUPID SO STUPID, Who takes out a loan to pay a loan, and then the stuipd lawmakers will take thier too know big head and approve it too mtcheww nonsense |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by Nobody: 11:48pm On Apr 24, 2013 |
eko ilee: ALL MEMBERS OF THE AKWA IBOM STATE HOUSE OF ASSEMBLY TO PARTICIPATE IN This is a rib-cracker |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by ujoinme: 12:37am On Apr 25, 2013 |
Who are all these paid laptop dogs who have become so interested in Akwa ibom affairs! |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by ujoinme: 1:02am On Apr 25, 2013 |
I would love the above laptop dogs to list the number of states in Nigeria that are considered credit worthy by a reputable bank like standard c of london to the tone of $500 million at 8.5% interest rate? To qualify for such an amount of loan At such A good interest rate means that your finances is in order and the state government should be commended for that. Having said that,Government all over the world is ran on credit/debt. and All i repeat All states in Nigeria including the federal govt takes out loans for its projects. The management of these loans is where many govt.fail woefully, I commend the state govt for its fore sight of paying off a toxic loan at and interest rate of over 18% that would have have handicapped the state, with a better loan facility that saves the state an interest rate of over 10% which amount to a lot of money rather than leave it for his successor to sort as many Nigerian government do. Anyone who knows anything about money market should commend the effort on part of the governor rather than the vituperation. The ideal situation should be to run a government without borrowing or taking loans but there is no such government in the world today. |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by ujoinme: 1:08am On Apr 25, 2013 |
I understand the fact that you guys have been paid to rubbish Governor Akpabio, for any mud to stick on him it has to be something credible not all these flimsy excuses that you guys come up with all the time. With the amount that you haters have been paid i would have expected you to do a better job than this. The Akwa Ibom people are happy with their governor! because he is a promise keeper when he says it he does it. Can any of you haters say that about your respective governors? |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by ayinisong: 12:21pm On Apr 25, 2013 |
ujoinme: I understand the fact that you guys have been paid to rubbish Governor Akpabio, for any mud to stick on him it has to be something credible not all these flimsy excuses that you guys come up with all the time. With the amount that you haters have been paid i would have expected you to do a better job than this. UNCOMMON |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by ujoinme: 6:39pm On Apr 25, 2013 |
EPOMA:Very soon all his tricks will be exposed, How can a 4 lane road be costing 2 billion Naira per kilometre ,Only in Akwa Ibom[/quote] At least you agree its a 4 lane road dualized, with flyover and drainage built by the world renouned julius berger with 20 yrs warranty running across the lenght and breadth of the state, that most nigerians who have travelled on it praise the governor for his foresight. except for APC laptop dogs like you who lack discernment but only regurgitate your masters talking points. Compare that to your APC governor who built a 2.5Km road for 1.3Billon naira , whichis a single lane road , no drainage without warranty built by a quack construction firm that will have pot holes in less than six months. Give me akpabio any time of the day even with his borrowed funds and i will take him over your APC govt. at least he borrows to build solid infrastructures unlike your APC goons that borrow to build air conditioned pedstrain walkways. I bet even the ppl of you APC states wish for governor with a foresight like Akpabio. read this http://premiumtimesng.com/news/national/5340-ogun_to_construct_air-conditioned_pedestrian_bridge.html 1 Like |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by Ejine(m): 6:45pm On Apr 25, 2013 |
Royalty1: Borrowing to pay a Debt Sell slaves to generate revenue |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by sEyi6: 7:37pm On Apr 25, 2013 |
That governor is still above average in performance, but $0.5billion is a huge sum. This loan should make that state top debtors list in the country when taken. |
Re: Akwa Ibom Assembly Approves $500 Million Loan Five Days After Akpabio’s Demand by kufre2010: 8:41am On Apr 26, 2013 |
Akwa ibm state recieves the highest allocation in Nigeria. The state has monthly revenue of more than 30billion naira. Apart from the projects he embark upon on his first term what major project has he embark in this second tenure. I belief this second tenure is for looting. |
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