Benue House of Assembly Impeaches Speaker

that corporate at single digit rate.

“It is not meant to bring competition in the money deposit banks; it is meant to complement their efforts. The most important thing is that we want to see to it that we achieve a single digit rate,” he said.

The second approach, he said works in such a way that if a bank lends money for new projects and planned expansion (which is verifiable and not refinancing), for seven years (inclusive of two years moratorium) at nine per cent interest rate, the CBN would go into that bank’s CRR and release equivalent of that cash from the CRR at zero kobo spread. George Okoh

Speaker of Benue State House of Assembly, Terkimbir Ikyange, was yesterday impeached by 22 out of 30 members of the state assembly.

The members came through the back of the assembly which shares fence with Government house and in less than 45 minutes, concluded the sitting that was presided over by the former minority leader, Sule Audu, representing Agatu state constituency.

Motion for the impeachment was moved by Richard Ujege representing Konshisha state constituency and seconded by Anthony Ogbu representing Ado constituency.

During the sitting, Titus Uba, APC representing Kyan Vandeikya constituency emerged speaker while Johnson Egli Ahubi, PDP is deputy speaker.

Other new principal officers of the assembly include, majority leader Avine Agbom of the APC representing Makurdi North who defected to the PDP, Sule Audu, PDP deputy Majority leader and Kester Ikenge, PDP representing Logo, Chief Whip.

Addressing journalists after the sitting, the new speaker explained that the action was done to protect the image of the 8th assembly, adding that it was as a result of high-handedness by the impeached speaker.

It should be noted that the House only last week went on recess and was billed to resume on August 15, 2018.