Igboists Forum - Nigerian Online Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Announcements

JUST IN: Outrage as Saraki bows to pressure from Buhari, set to approve $2.9 billion loan request

View previous topic View next topic Go down

Paradise
Paradise
Administrator
Administrator
Gender Gender : Male
Time Online : 8d 3h 36m 31s
State : Ebonyi
My Club My Club : Barcelona
Posts : 1080 Posts Liked : 381
Awards :

PostParadise Sun 06 Nov 2016, 6:44 pm

  JUST IN: Outrage as Saraki bows to pressure from Buhari, set to approve $2.9 billion loan request Image20161106120223

PRESIDENT Muhammadu Buhari have prevailed on the Senate President Dr. Bukola Saraki to approve the controversial $29.9 billion loan which the Executive says would be for financing key infrastructural projects, DailyGlobeWatch has reliably gathered.
Outrage had before now greeted the loan request by the executive arm of the Federal Government when it was first presented.
Buhari not done with the outright refusal moved further by a series of meeting with the Senate President about three times into talking him to approve the request that had earlier been kicked against.
Following this pressure on Saraki, information made exclusively available to DailyGlobeWatch says the loan request may be represented to the Senate within the week for approval.
Be that as it may, our source further revealed that Bukola Saraki is left with no option but to refer the loan request to its Committee on Local and Foreign Debts which is headed by Mallam Shehu Sani.
Defending its earlier action , the Senate , our source , revealed blamed the rejection of the loan on inadequate information tendered by the Presidency.
A top source privy to the meeting between Buhari and Saraki revealed to our source that the Senate President told Buhari that the earlier rejection should not be misinterpreted to sabotaging the Buhari-led Federal Government.
Said our source, ”Following consultations, the President and the Senate President have agreed that the request for the $29.9billion loan be presented again to the Senate. All things being equal, the fresh request might be forwarded to the Senate with all the details as demanded by the Senate.
“But the Senate Committee on Local and Foreign Debts, which is headed by Sen. Sani will still go through the request and vet the desirability or otherwise of the loan.
“The recommendations of the committee will determine the final decision of the Senate on the loan.”

View previous topic View next topic Back to top

Create an account or log in to leave a reply

You need to be a member in order to leave a reply.

Create an account

Join our community by creating a new account. It's easy!


Create a new account

Log in

Already have an account? No problem, log in here.


Log in

 
Permissions in this forum:
You cannot reply to topics in this forum