Wednesday 1 July 2015

Rivers State assembly approves Wike’s N20bn loan request

The Rivers State House of Assembly has approved a request by the state Governor, Chief Nyesom Wike, seeking the House’s approval for the taking of N20bn loan from Access Bank Plc.
The House had acted on a letter titled, ‘Request for approval to borrow N20bn loan facility from Access Bank Plc to finance major ongoing road projects’.
Wike had sent the letter to the House through the Speaker, Ikuiyi-Owaji Ibani, saying the loan facility is intended to complete some uncompleted road projects embarked upon by the previous administration and also for some new road projects to be executed by his administration.
The governor had earlier sought an approval from the House for a N10bn loan, which was granted by the House.

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