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Edo backs bold move to reclaim Gazelle funds

The motion to approve the request was passed through a voice vote

admin by admin
April 8, 2025
in Development, Human Interest, News, Politics
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Edo State Governor, Monday Okpebholo. [PHOTO CREDIT: Punch Newspaper]

Edo State Governor, Monday Okpebholo. [PHOTO CREDIT: Punch Newspaper]

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The Edo State House of Assembly has approved Governor Monday Okpebholo’s request to engage TIARUS WHITE CONSULTS LTD for the recovery of funds due to the state from the Afriexim Bank’s Project Gazelle loan.

The approval, which includes a 10 per cent deduction at source as professional fees, followed the reading of the governor’s letter by the Speaker, Rt. Hon. Blessing Agbebaku, during plenary on Tuesday.

In the letter, Governor Okpebholo sought the Assembly’s consent to join 36 other states in the recovery process to reclaim funds owed under the project.

The Speaker emphasized the importance of the recovery initiative, noting that the funds would contribute significantly to the state’s socio-economic development.

READ ALSO: Edo vigilance groups incompetent to bear arms, says security source

The motion to approve the request was passed through a voice vote, receiving unanimous support from the lawmakers.

In a separate development during the plenary, the People’s Democratic Party formally nominated Mr. Charity Aiguobarueghian as the new Minority Leader, and Mr. Yekini Idiaye as the Minority Whip.

Aiguobarueghian previously served as Majority Leader but lost the position after the All-Progressives Congress gained majority control of the Assembly.

NAN

Tags: Afriexim Bank’s ProjectEdo stateGazelle loanGovernor Monday OkpebholoHouse of Assembly
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