Finance

Nasarawa Assembly invites Access Bank boss over SUBEB contracts payments

The Nasarawa State House of Assembly has invited the Managing Director and Chief Executive Officer of Access bank PLC to come and explain why the contractors handling Nasarawa State Universal Basic Education Board (NSUBEB) projects in the state were not paid.

The Deputy Majority Leader and Chairman, House Committee on Education, Daniel Ogazi, stated this Thursday when the SUBEB chairman, Mohammed Dan’azumi, appeared for the 2021 Budget assessment in Lafia.

The assembly also lamented the proliferation of private schools in the state, calling on the state ministry of education to as a matter of urgency do something to ensure that it addressed the ugly trend.

Ogazi said, “Many of the contractors collected loans, some collected personal loan from individuals where they are to pay back 20% interest monthly aside the increased cost of construction materials in the market on daily basis.

“Many of these constructions have reached different stages of completion and the work have stopped and with the raining season now affecting the structures.

“The bank action has also put the state in bad image before the world that it did not pay it contractors not knowing that the fault is from the bank who have decided on the reasons best known to them to keep our money and be making high profits from it at the detriment of the government and the people of the state.

We have paid our counterpart funds as a state, the money has been lodged in the bank why are they keeping it unnecessary subjecting the state and contractors to hardship”

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