N200m cannot buy Oshiomhole a house in VI – Edo Speaker

Speaker of the Edo State House of Assembly, Dr. Justin Okonoboh has the N300m worth of houses included for the immediate past governor, Adams Oshiomhole, and his deputy, Dr. Pius Odubu, in the newly amended Pension Rights Law.

Okonoboh who spoke in an interview with The Punch said N200m could not purchase houses in highbrow areas of Lagos.

“Some say that N200m is too much. We do not believe so. I live in Lagos; N200m cannot buy you a house in Victoria Island, let alone Lekki or Banana Island. When we make a law like this, we must put something that will make the law to last for at least some time.

“I can tell you (that) in 10 years, N200m will mean nothing. People who want to build a house then would be talking about a billion naira or something like that. So, a law must be made in such a way that, next year, you do not start doing an amendment. That is why the budget is there. And it is subject to availability; we didn’t give any time limit.

“For the people (governor and deputy) who just left their offices, if it is (after) 20 years that the state has the money, that is what the law says. So, it is not something that will stretch the state’s resources or anything. So, we want those who do not understand to come so that we can explain to them.”

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