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    Buhari seeks fresh N402bn loan via promissory notes

    Michael RightBy Michael RightSeptember 20, 2022No Comments2 Mins Read
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    Ex-president Buhari denies ownership of revoked Abuja land
    Ex-president Buhari denies ownership of revoked Abuja land
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    President Muhammadu Buhari has asked for Senate approval for the issuance of promissory notes totalling over N402 billion.

    The first of such requests read in plenary by the President of the Senate, Ahmad Lawan, was N375 billion meant for settling outstanding claims owed various exporters.

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

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

    • Our administration has done well – Buhari to Nigerians

    The President in the letter, said payment of N18.623 billion 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.

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    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
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