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The Imo State chapter of the Peoples Democratic Party and the All Progressives Grand Alliance have criticised the state House of Assembly for approving Governor Hope Uzodinma’s loan request.
The Speaker, Paul Emezim, had during plenary on Tuesday, announced that the loan request by the executive was approved by the legislature in an executive session.
Emezim, had explained at the plenary that the lawmakers gave nod for the loan approval on the condition that for the state government to discount the 13 percent derivative find accruable to the state from the excess crude account from Fidelity Bank.