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Oyebanji approves N136m car loan for Ekiti workers

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Ekiti State Governor, Biodun Oyebanji, has approved the disbursement of another tranche of N136.26 million as a car loan to 368 civil servants in the state.

The loan will be disbursed in amounts ranging from N80,000 to N1.5m, depending on the grade level of the beneficiaries.

Governor Oyebanji also approved the injection of N200m to recapitalise the loan scheme and the payment of N174.39 million outstanding deductions from salaries to cooperative societies, Federal Mortgage Bank and others.

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The Commissioner for Finance, Akin Oyebode, in a statement on Sunday said the governor’s approval for the loan disbursement is a fulfillment of his promise to improve the well-being of the state’s workers.

The governor, in addition, approved the payment of N174.39 million outstanding deductions from salaries to cooperative societies, Federal Mortgage Bank and others.”

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Highlighting details of the disbursement of the car loan, Oyebode said, “22 benefiting officers on grade levels 02-06 would get N80,000 each while 180 beneficiaries on grade levels 07-10 would receive N250,000 each,” he said.

He added that “150 workers on grade levels 12-14 would be given N500,000 each; 13 personnel on grade levels 15-17 would get N750,000 each and the three beneficiaries on consolidated salary would take home N1.5 million each”.

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He urged the beneficiaries to judiciously utilise the money and avoid spending the loan on things that would not add value to their lives.

He also charged the beneficiaries to reciprocate the government’s gesture by rededicating themselves to their duties and supporting the government’s efforts at developing the state.

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