Ogun Lawmakers Say No To Governor Amosun's Proposed N65 Billion LoanThe proposed plan of Ogun state Governor Ibikunle Amosun, to borrow a N65 billion loan has reportedly strained his relationship with the state's Assembly.
In a report by SaharaReporters, the Ogun State governor's ploy to convince the lawmakers to approve his request to borrow another loan has met a gridlock.
The report further claimed the Governor had called for an emergency meeting with the lawmakers through the Speaker of the Assembly, Rt. Hon Suraj Adekunbi, but met a brickwall as the majority of the Assembly members refused endorsing his request.
It was during the meeting, the report said, that the lawmakers poured out their grievances with the governor claiming he had abandoned the members of the house despite endorsing numerous requests for loans that include N25 billion from First Bank, N15 billion from Guaranty Trust Bank, another N7.5 billion from Guaranty Trust Bank, N40 billion from Prada Marcedo, a Brazilian financial institution, N2 billion from the Bank of Agriculture, N1 billion naira from Federal Mortgage Bank, N20 billion in bailout funds and N50 billion from the capital market.
The lawmakers further wondered why Governor Amosun needed another N65billion barely a week after recently accessing a bailout of about N20 billion from the federal government.
The refusal of the legislative arm of the state to approve the loan proposal by the governor may have ignited a fresh war between the Ogun Assembly and the Executive.
In December 2016, the State House of Assembly passed N221 billion 2017 appropriation bill into law after the presentation by Amosun.