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#EndSARS Protests: Lagos Will Need N1trillion For Reconstruction — Femi Gbajabiamila

A minimum of N1trillion is required to reconstruct Lagos State after the destruction that occurred during the #EndSARS protest and the crisis that followed, the Speaker of the House of Representatives, Femi Gbajabiamila, has said.



The speaker disclosed this on Sunday, October 25, during a commiseration and solidarity visit to Governor Babajide Sanwo-Olu, at Lagos House, Marina.




According to Vanguard, the minister said: “The House of Representatives will do all it can to compensate all those who suffered brutality including policemen that lost their lives in the process.




Also whatever the house can do in rebuilding Lagos and other states it will do. We are now in a state of reconstruction. What must be done will be done.


ALSO READ: I WISH I NEVER CREATED SARS IN 1984

I learnt from the governor of Lagos State that it will take N1 Trillion to rebuild what had been lost and asked him whats the budget size of the state he said about N1,Trillion. You can see we are moving backward.




Hence, we …

El-Rufai Takes Kaduna Residents To EFCC



The administration of Nasir El-Rufai has reportedly dragged 725 residents of the state before the Economic and Financial Crimes Commission (EFCC) for defaulting in their loan repayment. The 725 residents were part of the 1,859 beneficiaries of an agricultural loan facility agreement between the state government and the Bank of Agriculture (BOA) Limited in March 2015.

The spokesperson of the governor, Samuel Aruwan,.....
confirmed the development saying the government had officially written to the anti-graft agency. In the letter, the government wants the EFCC to investigate and help recover the funds arguing that the defaulters breached the terms and conditions of the loan.

Leadership quotes Aruwan as saying the BOA in partnership with Kaduna state government disbursed the loan in March 2015. He reportedly said the affected 725 beneficiaries failed to liquidate their loans which amount to over N205 million.


 He said: “The agriculture loan scheme is an intervention of the state government in partnership with BOA meant to assist farmers in the state to have access to financial assistance in order to improve agricultural activities and ensure better harvest.



“It is a revolving loan that enables farmers to access funds and repay after a farming year to enable other beneficiaries enjoy similar interventions. BOA has therefore forwarded names and details of the defaulting beneficiaries to EFCC for investigation to commence. “You may also wish to know, that the BOA had on 21st October, 2016 reached out to the government with details of the defaulters and the outstanding loans.”



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