Akwa Ibom State House of Assembly at plenary on Tuesday approved a request to allow the state government guarantee Wizchino Construction Company to borrow five billion naira from a bank.
The approval followed Gov. Udom Emmanuel’s request to allow the government stand as guarantor to enable the company to borrow five billion naira from any bank to complete Etinan-Ndon Eyo road.
The letter, which was read by the Clerk of the assembly, Mrs Mandu Umoren, was received for deliberation through a motion moved by the House Leader, Mr Udo Keriean Akpan-PDP.
The facility would be sourced from any bank with 15 .5 per cent interest rate, the governor said.
After eliberations, the house, the House Leader, Mr Udo Keriean Akpan moved a motion for the approval and was seconded by Aniekan Bassey-PDP member representing Uruan state constituency.
The Speaker, Mr Onofiok Luke, directed the clerk to communicate the resolution of the house to the governor for action.
The house also at plenary condoled with the family of the late Etim Inyang, who was a retired Inspector General of Police during the regime of Gen. Ibrahim Babaginda.
The information of urgent public importance was brought to the house by Mr Samuel Ufuo -PDP member representing Mbo state constituency.
Ufuo said the remains of Inyang would be laid to rest in his home town in Mbo Local Government Area on Saturday.