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: 1,185


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...
Nnamdi Kanu: IPOB finally reveals country where secessionist...

Igbo to unveil traditional internal security outfit –...

Secondus raises alarm over PDP members, Dino Melaye,...

Swaziland PM dies after testing positive for Covid-19...

Violence, voter apathy mar guber, state assembly elections...

EU condemns violence, intimidation in Kogi, Bayelsa Elections...

Domestic flights resume July 8 – FG


Gunmen abduct 15 persons In Niger State –...

Angry Imo youths set houses ablaze over woman’s...

Bomb blast hits commuter bus in Enugu

Herdsmen Attacks: Ortom laments increasing number of orphans...


Latest News IDP commits suicide after being ‘raped by NGO official’ FG to establish 18 modular refineries in oil-producing states 1,400 Igbo’s killed by security agents under 14 months – Report Mum, student hire thugs to attack teachers in Ogun school Catholic Priest pays WAEC, NECO fees for 12 Indigent students in Anambra Breaking: Gunmen kill Enugu APC Youth Leader, one other, abduct another Nigerian appointed justice minister in Canada under probe, told to step aside Communal war claims 4 lives in Ebonyi, killers seize corpses Three in police net over murder of medical doctor, friend Sit-at-home enforcers warn Nnewi residents, environs Some kinsmen are threatening my life over false prophesy, Ex-Enugu Commissioner raises alarm BREAKING: Nnamdi Kanu floors Buhari govt in Abia court


Most Read Ugwuanyi commends FG’s siting of ICT University in Enugu (259,944 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (259,944 views) Sickle cell support group seeks government intervention (259,943 views) Ebonyi bans embalming of corpses in homes (259,943 views) I’ve no Coronavirus, govt wants to kill me – Anambra Index case (259,943 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (259,943 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (259,941 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (259,941 views) ASUU strike: Senate intervention ends in deadlock (252,527 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (251,532 views) All you need to know about Peter Obi, PDP VP Candidate (193,859 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (192,132 views)






There are no video entries posted yet.