The Delta State House of Assembly has approved a request from Governor Sheriff Oborevwori for the re-issuance of a bank guarantee valued at over ₦18 billion in favour of Bastanchury Power Solutions Nigeria Limited for the ongoing development of the Asaba Independent Power Plant.
The request, transmitted to the legislature by the Governor, was read during Tuesday’s plenary session presided over by the Speaker, Rt. Hon. Emomotimi Dennis Guwor.
In the letter, Governor Oborevwori informed the lawmakers of a financial restructuring arrangement involving the transfer of the State’s Composite Internally Generated Revenue (IGR) Account from Sterling Bank to Access Bank. He explained that Access Bank had indicated readiness to support the state in improving revenue performance through enhanced financial management systems.
However, the Governor pointed out that the transfer requires Access Bank to assume the state’s existing financial obligations under its agreement with Bastanchury Power Solutions.
The re-issued guarantee is therefore necessary to ensure uninterrupted execution and financing of the Asaba Independent Power Project, a critical infrastructure designed to improve stable electricity supply across strategic areas of the state capital.
Lawmakers unanimously endorsed the request after deliberations, describing it as essential for sustaining industrial growth, administrative efficiency and improving the investment climate in Delta State.
Assembly Sets Up Committee to Review Legislative Frameworks
During the plenary, the Speaker also inaugurated an Ad-hoc Committee to review the draft recommendations from a Post-Legislative Scrutiny Workshop organised by the Westminster Foundation for Democracy. The committee will be led by the Majority Leader, Hon. Emeka Nwaobi, with several lawmakers appointed as members and Mr. Otto Aghoghobia as Secretary.
Committee Named for Special Parley With Former Lawmakers
In a related development, a five-member committee headed by Deputy Speaker, Rt. Hon. Arthur Akpowowo, was constituted to coordinate the upcoming parley between serving lawmakers and non-sitting former members of the Assembly scheduled for November 12–14, 2025.
House Receives Notification on Former Majority Leader’s Burial
Meanwhile, under Matters of Personal Explanation, Hon. Charles Emetulu (Ndokwa West) formally notified the House of the burial arrangements for the late pioneer Majority Leader of the Assembly, Hon. Anieke Ifemeni.
The House subsequently adjourned sitting to the next legislative date.
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