FinanceNews

Assembly To Investigation Use Of N1.5bn CBN Loan To Anambra

Assembly To Investigate Use Of N1.5bn CBN Loan To Anambra    

The Anambra State House of Assembly has expressed disapproval over the use of N1.5billion loan given to the state for agriculture by the Central Bank of Nigeria (CBN).Jamb Result

The Assembly Committee on Economic Planning, Sus­tainable Development Goals and Donor Agencies, led by Hon Ebele Ejiofor, disclosed that the state government under the leader­ship of Governor Willie Obi­ano applied and secured the loan for the purpose of fish and rice farming across the state.

As reported by INDEPENDENT, the committee expressed disappointment over the poor level of work done by contractors handling the construction of the 600 fish­ponds, hostel blocks, and farmhouses in Aguleri and Adazi Nnukwu communities of the state.

As a result, Anambra State Commissioner for Agriculture, Mr Nnamdi Onukwuba might be invited to the House to ex­plain how the ministry spent the loan received in 2020.

According to INDEPENDENT, the lawmakers have threat­ened to call for the revocation of the contracts due to the slow pace and quality of work done in Aguleri and Adazi Nnukwu communities.

INDEPENDENT reports that the contracts were award­ed through the state Ministry of Agriculture for the con­struction of 300 fishponds in Aguleri, Anambra East Lo­cal Government Area to the tune of N75.2 million and 300 fishponds in Adazi Nnukwu in Anaoc­ha Local Government Area for the same amount.Information Guide Nigeria

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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