The Ondo State House of Assembly has permitted the embattled Governor Olusegun Mimiko to borrow a sum of N7 billion for an infrastructural loan.
The Ondo State House of Assembly has permitted the embattled Governor Olusegun Mimiko to borrow a sum of N7 billion for an infrastructural loan.
The Access Bank PLC would be lending to the State government under the orders of Governor Mimiko, SaharaReporters learned on Tuesday evening.
The controversial clerk of the Assembly, Bode Adeyelu, disclosed the loan when he read a prepared typed letter from the governor to the parliamentarians at a plenary sitting.
Lawmakers present at the plenary made inputs in favor of the governor's wish with speedy approval that the loan should be borrowed for the use of the state.
A parliament member representing Ile Oluji/Oke Igbo constituency, Abimbola Fajolu, raised the motion in favor of the request and was seconded by Olamide George, another parliament member representing Akure North Constituency.
Both Mr. Fajolu and Mr. George are members of the Peoples Democratic Party (PDP) acting under the leadership of Governor Mimiko.
Earlier, the Majority Leader of the parliament, Ifedayo Akinsoyinu said the loan would also help in the completion of abandoned projects initiated by the Mimiko government.
Presiding, the embattled Speaker of the Assembly, Jumoke Akindele, consented that the Assembly would play its statutory roles by monitoring that the loan is used for its purpose.