Lawmakers approve Buhari’s request to refund five states N148.14bn

The House of Representatives on Wednesday approved a request by President Muhammadu Buhari for the refund of N148.14 billion to five states in the country.

The House gave the approval during plenary, in concurrence to an earlier approval granted on Tuesday by the Senate for a refund of money spent on projects by the states on behalf of the Federal Government.

The House gave the approval after the considereation and adoption of the report by the Committee on Aids, Loans and Debt Management on the “Promissory notes programme and bond issuance as refund to Rivers, Bayelsa, Cross River, Osun and Ondo states governments for projects executed on behalf of the Federal Government.”

Read also: Lawmakers suspect foul play, as Insurance firm collects N13m premium for two grounded NIS aircraft

According to the report, the promissory notes programme and bond issuance was to settle outstanding claims and liabilities of the five states.

The beneficiary states are Bayelsa N38.4bn; Cross River, N18.39bn; Ondo, N7,82bn; Osun, N4.56bn; and Rivers, N78.95bn.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now