More
    HomeLegal mattersBuhari seeks Senate's approval to issue N402bn promissory notes

    Buhari seeks Senate’s approval to issue N402bn promissory notes

    Published on

    - Advertisement -

    By George Okorocha

    President Muhammadu Buhari in separate letters of requests , sought approval of the Senate Tuesday for issuance of promissory notes totalling over N402billion .

    The first of such requests read in plenary by President of the Senate , Ahmad Lawan was N375billion meant for settling outstanding claims owed various exporters .

    Other similar debts payment requests to be routed through Debt Management Office ( DMO ) , are N6.706billion for Kebbi State Government on construction of federal road in the State and N2.706billion for Taraba State Government for constructing federal roads as well .

    President Buhari in another request as read in plenary by President of the Senate , Ahmad Lawan , also sought for approval of the Senate on issuance of N18.623billion for Kebbi State Government.

    The President in the letter , said payment of N18.623billion to Yobe State Government through the Debt Management Office , will help the state to offset all monies , expended on execution of five different federal road projects in the state .

    The President in the separate letters , sought for expeditious consideration of the requests .

    In another letter of request, President Buhari sought for confirmation of appointment of Mohamed Sabo Lamido as Executive Commissioner , Finance and Accounts of the Board of Upstream Regulatory Commission .

    Lamido’s appointment as explained by the President in the letter read in plenary by the Senate President, was necessitated by the death of Hassan Gambo who hitherto served in that capacity before his death .

    Latest articles

    Bayelsa Gov’s wife decries poor parenting advocates revitalisation of reading culture

    The wife to Bayelsa Governor, Justice Patience Diri, has decried the abdication of parenting...

    CNG conversion workshop commissioned in Kwara

    By Olufemi Oni, Ilorin The first Compressed Natural Gas (CNG) conversion workshop, refuelling station...

    Tinubu Support Group in Bayelsa says Tinubu’s is on course

    The Bayelsa chapter of Tinubu Support Group (TSG) says the Tinubu-led administration is...

    Kwara creates satellite towns to address increasing population

    By Olufemi Oni, Ilorin Kwara State Government has created nine satellite towns in Ilorin,...

    More like this

    Bayelsa Gov’s wife decries poor parenting advocates revitalisation of reading culture

    The wife to Bayelsa Governor, Justice Patience Diri, has decried the abdication of parenting...

    CNG conversion workshop commissioned in Kwara

    By Olufemi Oni, Ilorin The first Compressed Natural Gas (CNG) conversion workshop, refuelling station...

    Tinubu Support Group in Bayelsa says Tinubu’s is on course

    The Bayelsa chapter of Tinubu Support Group (TSG) says the Tinubu-led administration is...