Gov. Lalong Gets Lawmakers’ Approval To Convert Jang, Others’ N31bn Loan To Bond

The Plateau State House of Assembly on Thursday approved a communication from Gov. Simon Lalong, seeking the conversion of N31 billion loan incurred by his predecessor, Jonah Jang, and others, into bond.

The Street Journal recalls that the State House of Assembly had on Aug. 5, summoned the state Accountant-General, Mr Cyril Tsenyil, to appear before its Standing Committee on Finance to put the loan figure in perspective.

At Thursday’s plenary, Hon. Amos Kumtul, the Chairman of the Committee and member representing (Langtang North-Central) said the Accountant- General had clarified all issues pertaining to the loan.

Kumtul said: “After a vivid explanation to the Committee by the Accountant- General of the state, it became clear that the loan conceived to be N25.9 billion was actually N31. 6billion.

“This loan was not only incurred by the immediate past government, but an accumulation of loans incurred by Plateau government since 1999.’’

Subsequently, the House broke into committee of the whole for clause-to-clause diagnosis of the reports and later adopted and approved it as a document of the House.

Our Correspondent reports that the lawmakers stressed that loan proposals by the state must be approved by the assembly in line with the provision of the constitution and urged the executive to be frugal in its spending so as to reduce debts.
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Author: newsadmin2

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