NSE INDEX - N100bn Bond: Daniel, Egbetokun may Shun Debate

Monday 30 August 2010
- Culled from The PunchThere are indications that Ogun State Governor Gbenga Daniel and the Speaker of the state House of Assembly, Mr. Tunji Egbetokun, may not be part of the televised debate on the state N100bn contentious bond issue on which the Assembly has insisted on holding a public debate before approval.The House had last Tuesday resolved that before the lawmakers would give their nod to the executive to raise the bond, which was initially meant to be N50bn for the states ongoing capital projects, a televised debate would be held between the legislature and the executive.This, Egbetokun had said, would allow the two sides iron out some alleged contradictions contained in the report submitted to the House by the executive to back up the request for the financial document. Our correspondent, however, gathered from reliable government sources on Sunday that Daniel would not attend the debate, though he had given his approval for the public discourse to hold.The state Commissioner for Information and Orientation, Mr. Sina Kawonise, who had earlier registered the opposition of the executive to the debate last Tuesday, however, stated the readiness of the government to attend the debate and had asked the Assembly to liaise with the ministry for further discussions.Kawonise had said, “The decision of the government to engage the House on the bond issue in a public forum in spite of the fact that it had created many avenues, which were spurned in the past, is to demonstrate its good faith and responsiveness at all times and to show its readiness to continue to work in the interest of the people of Ogun State.”A reliable source told our correspondent that the Commissioner for Finance, Mr. Kehinde Sogunle; the Director-General, Bureau of Management and Budget, Mr. Kehinde Sunmola; Kawonise and a member of the State Economic Advisory Council would be on the government delegation to the debate.The source said, “No, of course, the governor will not attend the debate. The governor had done well by chatting the path for the actualisation of the projects which were listed in the information that the Assembly asked for. The bond is not about OGD (Otunba Gbenga Daniel); so, his presence at the debate is not necessary.”The Deputy Speaker of the House, Pastor Remmy Hazzan, who said the lawmakers were ready for the debate in one week instead of the two proposed by the executive, however, declared that if Daniel would not attend the debate, Egbetokun would also not attend.He said, “We reserve the right to choose our team. If the governor is not coming, the Speaker will also not attend. If the state is coming with a delegation, we are also selecting our delegation that will attend the debate.”