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Rivers State House Of Assembly Approve Loan Of N10billion To Wike - Politics - Nairaland

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Rivers State House Of Assembly Approve Loan Of N10billion To Wike by sammyj: 2:09pm On Jun 11, 2015
The Rivers State House of Assembly on Thursday approved a loan of N10 billion requested by the State Governor, Nyesom Wike.

The state governor had sent a letter to the House of Assembly asking that he should be granted approval to secure the loan that would be used to fund some major projects in the state.

28 lawmakers voted in favour of the approval.

Speaker of the House, Mr. Ikuinyi Ibani, in his remark, explained that it would be difficult for any government to survive without funds to operate.

Ibani, who pointed that the House would not be involved in frivolous approvals, added that the state legislature would endorse transparent and sincere requests that would benefit the people of the state.

Explaining that the immediate past administration left an empty treasury, the Speaker disclosed that the loan would be taken from Zenith Bank and repaid through Valued Added Tax.

He said, “He (Wike) cannot do that without cash back. No government can run without a financial base. We must provide succour for our people, so that they can begin to see changes between yesterday and today.

“This Assembly will not engage in frivolous approval and resolutions. As an Assembly, we have the responsibility to know what the funds sought are meant for.”

Meanwhile, the State House of Assembly has committed the High Court Amendment Law 2015 to an ad hoc committee to conduct a public hearing on the matter.




http://www.punchng.com/news/assembly-approves-wikes-n10bn-loan-request/

7 Likes 2 Shares

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by PassingShot(m): 2:10pm On Jun 11, 2015
This is a classic example of how they looted Nigeria blind. PDP is evil and I am sure that Rivers state will be the most backward state, not only in ND but possibly in Nigeria should this tout be allowed to govern the state.

hardywaltz:

Governor Amaechi's first bill to the State house of Assembly was a bill to save N1billion monthly.

Wike's first bill is to borrow N10billion from Zenith Bank

Compare and contrast

Not to mention that GEJ transferred N105billion Amaechi used to construct federal roads on the 28th of May, 2015 and the money was received 1st of June 2015 with Wike as Governor.
Since then it has been debit Alert
TANoids, what do you say to this?

grin grin grin

96 Likes 7 Shares

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by pinkiberry(m): 2:13pm On Jun 11, 2015
thats f**king much

2 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by hardywaltz(m): 2:14pm On Jun 11, 2015
sammyj:
Rivers state of house of assembly approved the loan of 10 Billion Naira to the new governor to construct roads in the state. My opinion to this development is does this implies that Wike want to quickly have his own share of his state cake before the election tribunal sends parking !!! grin grin shocked grin grin
Governor Amaechi's first bill to the State house of Assembly was a bill to save N1billion monthly.

Wike's first bill is to borrow N10billion from Zenith Bank

Compare and contrast

Not to mention that GEJ transferred N105billion Amaechi used to construct federal roads on the 28th of May, 2015 and the money was received 1st of June 2015 with Wike as Governor.
Since then it has been debit Alert

133 Likes 7 Shares

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by omenka(m): 2:14pm On Jun 11, 2015
Op where's your source?? And let it be credible. Not something like thebreakingtimes or opinionriver (abi na opinionstream sef).

7 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by doublewisdom: 2:15pm On Jun 11, 2015
I trust Wike to put the money to good use.

8 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by hardywaltz(m): 2:16pm On Jun 11, 2015
omenka:
Op where's your source?? And let it be credible. Not something like thebreakingtimes or opinionriver (abi na opinionstream sef).
It's on Rythem 93.7 news.
The House passed it after 5mins of deliberation.

7 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by Ohammadike: 2:16pm On Jun 11, 2015
sammyj:
Rivers state of house of assembly approved the loan of 10 Billion Naira to the new governor to construct roads in the state. My opinion to this development is does this implies that Wike want to quickly have his own share of his state cake before the election tribunal sends parking !!! grin grin shocked grin grin

1 Like 1 Share

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by omenka(m): 2:20pm On Jun 11, 2015
hardywaltz:

It's on Rythem 93.7 news.
The House passed it after 5mins of deliberation.
I see. Well, I believe it wouldn't fly here just yet until we get it on a reputable print media or online.
Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by ultimatecj(m): 2:22pm On Jun 11, 2015
sammyj:
Rivers state of house of assembly approved the loan of 10 Billion Naira to the new governor to construct roads in the state. My opinion to this development is does this implies that Wike want to quickly have his own share of his state cake before the election tribunal sends parking !!! grin grin shocked grin grin

Source : NigeriaInfo FM Rivers state.
. Na wa ohhh!!!
Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by brownlord: 2:24pm On Jun 11, 2015
10 billion approved after 5 mins of deliberation?

Welcome to Nigeria

61 Likes 2 Shares

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by Nobody: 2:26pm On Jun 11, 2015
Where did Amaechi keep the N1B monthly savings?
hardywaltz:

Governor Amaechi's first bill to the State house of Assembly was a bill to save N1billion monthly.

Wike's first bill is to borrow N10billion from Zenith Bank

Compare and contrast

Not to mention that GEJ transferred N105billion Amaechi used to construct federal roads on the 28th of May, 2015 and the money was received 1st of June 2015 with Wike as Governor.
Since then it has been debit Alert

27 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by Nobody: 2:33pm On Jun 11, 2015
Wow,he starts on loan footing. I am sure by the time he leaves office,Fashola's debt to Lagos will be a child's play.

16 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by oshiosense(m): 2:42pm On Jun 11, 2015
An wao! This early morning?

4 Likes 1 Share

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by oshiosense(m): 2:43pm On Jun 11, 2015
Na wao! This early morning?

3 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by Maxymilliano(m): 2:48pm On Jun 11, 2015
Too early for this naa, why not conduct a comprehensive audit to determine what was left in the State coffer by the previous administration before plunging the State into another round of debt ?


If this is Wike's way of 'hitting the ground running', the State is in trouble .

26 Likes 1 Share

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by ricsman(m): 2:53pm On Jun 11, 2015
how can somebody with 105b be borrowing 10b naira?
is it to deny the fact that 105b naira wasn't received?

25 Likes 1 Share

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by alaoeri: 3:00pm On Jun 11, 2015
Wike starts on looting spree knowing fully well that he won't last.

25 Likes 1 Share

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by mrvitalis(m): 3:02pm On Jun 11, 2015
doublewisdom:
I trust Wike to put the money to good use.
Really??

5 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by mrvitalis(m): 3:04pm On Jun 11, 2015
barcanista:
Where did Amaechi keep the N1B monthly savings?
It was used as supplements when Jonathan slashed rivers allocation by transfer of oil Wells

26 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by glory2glory: 3:10pm On Jun 11, 2015
He has already started borrowing? Rivers people are in for a long thing, they will soon see that Amaechi is a saint compared to Wike.Surprised he has not said Amaechi left debts and empty treasure for him. Let him not build up debts for Dakuku o.

13 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by glory2glory: 3:13pm On Jun 11, 2015
mrvitalis:

It was used as supplements when Jonathan slashed rivers allocation by transfer of oil Wells
And also GEJ refused to refund 105billion naira Amaechi used to construct federal government roads.

6 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by glory2glory: 3:14pm On Jun 11, 2015
ricsman:
how can somebody with 105b be borrowing 10b naira?

is it to deny the fact that 105b naira wasn't received?
I wonder! The news is that GEJ released the money on 28th of May.

4 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by sluvy4tune(m): 3:21pm On Jun 11, 2015
We are in for a long thing.....






Wike, Wike, Wike


Mbok take am easy oh

1 Like

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by Nobody: 3:24pm On Jun 11, 2015
mere commissioner

3 Likes 2 Shares

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by Nobody: 3:30pm On Jun 11, 2015
Payback time to Mrs Jonathan

Was he doing the groundworks in Abuja even before May 29 undecided
Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by vecman22(m): 3:41pm On Jun 11, 2015
grin grin grin grin i jst dey laugh..

Mama piss has started milking dis state..

5 Likes 1 Share

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by OrlandoOwoh(m): 3:50pm On Jun 11, 2015
hardywaltz:

Governor Amaechi's first bill to the State house of Assembly was a bill to save N1billion monthly.

Wike's first bill is to borrow N10billion from Zenith Bank

Compare and contrast

Not to mention that GEJ transferred N105billion Amaechi used to construct federal roads on the 28th of May, 2015 and the money was received 1st of June 2015 with Wike as Governor.
Since then it has been debit Alert

3 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by phantom(m): 4:02pm On Jun 11, 2015
Yeah just heard it on rythm fm.

Rivers people never See anything.
he has reconstituted the Board of greater PH.
I hear one obuzor nnamdi is on the board. Im sure one of his wifes people.
Its expected that he must clean house and put his own people but SHOULD NOT BE at the expense of merit and efficiency. That is One thing i love about amaechi. He will appoint his friends BUT THEY MUST BE TECHNOCRATS. Look at RSUST. After all the noise made about prof fakae, he ended up being one of the best VCs that place has had in recent times.

Wike claims the 10billi is for Roads. No wahala.we dey watch.
roads wey amaechi construct finish....lol

34 Likes

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by phantom(m): 4:09pm On Jun 11, 2015
Let him just Start with rumuagholu road. That road is giving people nightmares and then face elelenwo-akpajo....and then ogbogoro road.
after that ,he just has to construct new roads and flyovers and develop greater PH.

But if na current roads,amaechi DON FINISH WORK! Fact!

23 Likes 1 Share

Re: Rivers State House Of Assembly Approve Loan Of N10billion To Wike by maimalari: 4:21pm On Jun 11, 2015
sammyj:
Rivers state of house of assembly approved the loan of 10 Billion Naira to the new governor to construct roads in the state. My opinion to this development is does this implies that Wike want to quickly have his own share of his state cake before the election tribunal sends parking !!! grin grin shocked grin grin

Source : NigeriaInfo FM Rivers state.

RSTV and Silverbird Portharcourt said the loan is for road rehabilitation and renovation of the government house.

1 Like

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