Business
Kwara Assembly Approves N335m Loan To Purchase Cars
The Kwara Assembly last Tuesday approved the N335 million loan request made by Governor Abdulfatah Ahmed to purchase vehicles for political office holders in the state.
The House unanimously agreed that the procurement of the vehicles would enable the beneficiaries to discharge their duties efficiently.
Abraham Asaolu, the Majority Leader and member representing Oke-Ero constituency, said in a motion without notice that the request by the governor was constitutional and urged all members to support it.
The motion was seconded by Raliat Adifa, member representing Lanwa/Ejidoganri of the state.
The Speaker, RasaqAtunwa, had earlier read the letter from the governor seeking approval for the procurement of N200 million and N135 million loan facilities from Fidelity Bank and Guaranty Trust Bank, respectively.
The governor had stated: “The loan facilities of N200 million and N135 million from Fidelity Bank and Guaranty Trust Bank respectively are to finance the project of additional monetised vehicles for political officer holders.
“The loan has 39 months and 40 months repayment tenor based on monthly contribution by the beneficiaries and government subsidy.”
The Commissioner for Finance, Mr Ademola Banu, who appeared at the House before the approval was given, explained that the loan was captured in the state’s 2012 budget.
He said the procurement of additional vehicles became imperative in view of the increase in the number of political office holders in the state.
It would be recalled that the governor’s earlier request for N1 billion loan for the purchase of vehicles for political office holders was approved by the Assembly in December 2011.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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