The request was contained in a letter sent to the House by the Acting Governor, Mr. Kingsley Otuaro and read by the Speaker, Mr. Sheriff Oborevwori at plenary.
He said during the course of the project execution, the initial contract sum was reviewed upward due to price fluctuations and additional works amounting to N427.7 million. Otuaro noted that due to the damaged hospital perimeter wall occasioned by the 2017 flood in Asaba metropolis it became necessary for the state government to reconstruct the fence with concrete at the cost of N46.24 million bringing the total contract sum to N3 billion.
According to the letter, the project would be executed by Open House Property Management Company Limited, a sister company of Duex Project Limited, adding that the purpose of the letter was to seek the authorisation of the House for the state government to issue an appropriate Irrevocable Standing Payment Order ISPO in favour of Fidelity Bank for the full repayment of the facility amounting to N1.06 billion with equal monthly installments of N143.75 million for a period of eight months .
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