Buhari seeks Senate’s approval to pay N10.069bn to Kogi Govt

By AdvocateNews on 16/10/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 1,107

Buhari
Buhari

President Muhammadu Buhari has requested the Senate to approve the payment of N10, 069, 692, 410.15 as settlement for promissory note issued to the Kogi State Government for executing Federal Government projects.

President of the Senate, Ahmad Lawan, read Buhari’s letter of request on the floor of the Senate.

The President’s letter was titled: “Request for the resolution of the National Assembly for the issuance of N10.069B promissory notes to Kogi State Government under the promissory note program and bond issuance to settle inherited Local debt and contractual obligations of the Federal Government to refund the State on project executed by the State on behalf of the Federal Government.”

The letter reads in part: “Based on my request for the resolution of the National Assembly approving the establishment of a promissory note program and the bond issuance to settle inherited Local debts and contractual obligation by the Federal Government, the 8th National Assembly passed resolutions approving the issuance of the promissory notes to refund State Governments for projects executed on behalf of the Federal Government.

The resolutions of the 8th Assembly was conveyed through three different letters from the Clerk of the National Assembly as follows:

“Letter dated 27th of July 2018, Ref: NASS/CNS/106/vol 10/277 which approved the issuance of promissory notes to 21 States.

“Letter dated January, 29th, 2019 Ref, NASS/CNS/106/vol 11/004 which approved the issuance of promissory notes to Delta and Taraba States.

“Letter dated May, 23 2019 with Ref: NASS/CNS/106/vol.11/164 which approved the issuance of promissory notes to Bauchi State.

“The three resolutions approved the issuance of promissory notes to 24 out of the 25 State Governments that requested and the only State for which approval has not been given is Kogi State with an outstanding claim of N10.069B.

“The Senate may wish to know that the claim of all the 25 States for project executed on behalf of the Federal Government were verified by the Federal Ministry of Works and Housing and the Bureau of Public Procurement for which the Federal Executive Council approved the claims which they were forwarded for the approval of the National Assembly.

“The Senate will note that subsequent resolution of the National Assembly approving the refunds to the 24 State Governments, the Federal Government has issued promisory notes to all the 24 State Governments for the settlement of their claims.

“Accordingly the Senate is hereby requested to kindly approve the issuance of promisory notes in the sum of N10, 069, 692, 410.15 to Kogi State for projects executed on behalf of the Federal Government.

“While looking forward to the timely consideration for the refund to Kogi State.”

Lawan, after reading the President’s letter on floor of the Senate, referred the request to the Senate Committee on Local and Foreign Debt for further legislative work and to report back to plenary in two weeks.

Posted 16/10/2019 02:43:20 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Buhari speaks on his new cabinet, says he...

Airpeace flight departs UK with 315 Nigerian returnees...

COVID-19: Veritas University orders students back to campus...

Big Brother Naija Season 6 officially kicks off...

Taraba State Commissioner of Police, David Akinremi, on...

Tinubu’s 2023 presidential ambition reason for supporting Buhari...

‘If the President condones disrespect, I will not,’...

EFCC arrests fraudster in Aso Villa

ENUGU COUNCIL POLLS: Kinsmen hit ex-gov Chime

Ghanaian actress jailed for going nude with her...

Policeman raped me after arrest for face mask...

Banditry: Zamfara Govt removes emir, district head

 

Latest News Buhari unveils e-Naira IPOB sit-at-home: Anambra adopts Saturday as school day Gunmen kill 18 in Niger mosque, injure many Anambra: INEC denies fake reports about mass resignation of Ad Hoc staff Insecurity: Royal Navy Warship arrives in Lagos IPOB threatens a week sit-at-home from November 4 if Kanu is not released Police forced me to borrow N35,000 from online platform to pay bribe – Singer Herdsmen kidnap Enugu fashion designer, demand N2m ramsom Man puts himself up for sale for N20m in Kano Oronsaye report: FG budgets N900bn for agencies recommended for scrapping Gunmen attack police station in Ebonyi; 3 policemen feared dead Low passenger turnout as Abuja-Kaduna train service resumes operations

 

Most Read Ex-Heads of State will protect Jonathan from persecution —Kukah (192,372 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (192,372 views) Sickle cell support group seeks government intervention (192,371 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (192,371 views) Ebonyi bans embalming of corpses in homes (192,370 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (192,370 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (192,369 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (192,264 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (187,780 views) ASUU strike: Senate intervention ends in deadlock (187,125 views) All you need to know about Peter Obi, PDP VP Candidate (149,262 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (147,574 views)

 

 

SECTIONS NEWS (7,006) FAITH (158) EDITORIAL (18) POLITICS (495) SOCIETY (132) SPORTS (53) BUSINESS (367) HEALTH (58) EDUCATION (50) ENTERTAINMENT (51) INTERNATIONAL (178) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (39)

 

 


There are no video entries posted yet.