Sunday 24th September, 2017
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Amaechi lied on $30bn loan - Senate

Amaechi lied on $30bn loan - Senate

The Senate on Wednesday directed Transport Minister, Rotimi Amaechi to with­draw his statement that the Upper House refused to ap­prove the $30billion foreign loan by President Muham­madu Buhari a couple of weeks ago.
Amaechi was quoted to have said at a town hall meeting in llorin organised by the federal government for the North Central on Monday that the refusal of the National Assembly to approve the request for foreign loan that would be used as counterpart fund­ing was frustrating the construction of the Lagos-Ibadan and Ibadan-Ilorin-Minna -Kano rail lines.
The Senate in a statement by its Spokesman, Senator Aliyu Sabi Abdullahi, said the statement was not only false, misrepresenting and contradictory to available facts but also portrayed the minister as not in tune with the position of the govern­ment in which he is serving.
The statement reads in part: “As at today, the only request for approval from the Executive for loan was the one dated January 27, 2017 and signed by Acting President, Prof Yemi Osin­bajo, seeking a resolution of the National Assembly for the Issuance of USD 1 billion EuroBond in the In­ternational Capital Market for the funding of the 2016 Budget Deficit and we im­mediately granted the ap­proval.
“Also, in the letter quot­ed above, the government mentioned the two rail lines cited by the minister as part of the projects for which the EuroBond will be utilised. So, we can­not understand what the grouse of Mr. Amaechi is.
“We view that statement based on false and misin­formed premise strongly as a mere attempt to incite the people against the National Assembly. The Minister should, therefore, with­draw that statement.
“Furthermore, the Na­tional Assembly will take up the matter with the Act­ing President, Prof Yemi Osinbajo.”
Continuing Sabi said: “As a former Speaker of a state House of Assembly, we believe that a minister like Amaechi should al­ways check his facts and refrain from making un­guarded and inciting re­marks against the legisla­ture.

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