20 October, 2014

RIVERS ASSEMBLY GRANTS AMAECHI ACCESS TO N19BN RESERVED FUNDS

The Rivers State House of Assembly on Monday approved a request by Governor Chibuike Amaechi to access the sum of N19 billion from the State reserved funds.
Amaechi, in a letter read on the floor of the assembly, stated that he needed the funds to complete on-going capital projects in the state.
Tthe Speaker of the assdembly, Rt. Hon. Otelemaba Dan-Amachree, explained to members that the state government had unpaid bills due to financial crunch, adding that with the huge money in the reserve funds, it was proper to approve the request.

Source: Thisday
 

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