• Why Buhari will resubmit $30bn loan request rejected by Senate – Presidency explains

    Why Buhari will resubmit $30bn loan request rejected by Senate – Presidency explains

    According to reports, the Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina, has explained why the $30bn loan request rejected by the Senate will be resent back.

    Featuring on Channels Television yesterday, the Presidential spokesperson explained that the Buhari’s loan request was not rejected by the Senate but the upper legislative chambers only asked for more details.

    Reacting to a question on the loan request, Adesina said, “Yes, it makes sense to represent. You will notice that what […]

  • Buhari’s $30bn loan not for merry making – Group

    Buhari’s $30bn loan not for merry making – Group

    An All Progressives Party (APC) support group, Progressives Legacy Forum (PLF), has said that plans by the President Muhammadu Buhari-led administration to a foreign loan of $30 billion was not meant to make merry, but to urgently develop the country according to the manifestoes of his party.

    The forum, therefore, appealed to the Senate to re-think their action.

    Speaking with newsmen at the weekend in Abuja after its second meeting, national coordinator of the forum, Alhaji Aruna Zago, it is obvious that […]

  • Senate’s rejection of $30bn loan should challenge Buhari – Falana

    Senate’s rejection of $30bn loan should challenge Buhari – Falana

    Human rights lawyer, Femi Falana, has challenged the Nigerian government to take the rejection of the $30 billon (N9.61 trillion) loan request by the Senate as a challenge to review the recovery of the nation’s looted wealth.

    In a statement on Tuesday, Mr. Falana said the decision of the Senate to turn down the borrowing plan should spur investigation into the criminal diversion of billions of dollars from the Federation Account.

    The Senate on Tuesday rejected Mr. Buhari’s request to borrow $29.9 […]