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National Assembly may reject Buhari’s fresh N4.2tr loan request

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The National Assembly may reject the approval of another N4.2 trillion loan requested by President Muhammadu Buhari last month.

It was learnt that the current request might face outright rejection owing to the failure of the presidency to render account of the N9. 2 trillion loan the National Assembly has approved since 2016.

Seeking the approval of the loan, President Buhari had explained, “the promissory note and bond issuance program has become imperative to clear obligations, which include unpaid obligations to pensioners, salaries and promotional arrears of civil servants; obligation to petroleum marketers; contractors and suppliers debt.

….Lawmakers who spoke in confidence said that the “sins” being counted against the latest loan request are multifaceted, leading to what they described as a near consensus feeling that the request be rejected.

The Guardian, April 2, 2018

 

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