• $30bn loan request not part of my discussion with Buhari and Osinbajo, says Saraki

    $30bn loan request not part of my discussion with Buhari and Osinbajo, says Saraki

    According to reports, the President of the Senate, Bukola Saraki has called on politicians to stop linking his recent visits to both President Muhammadu Buhari and his Vice, Yemi Osinbajo to the $30bn loan request rejected by the senate.

    Insinuations in certain quarters have connected Saraki’s recent visits to the President and Osinbajo to the loan request turned down by the senate.

    Reacting to commentaries generated by his several visits to the Presidential villa, Abuja, Saraki in a statement advised both politicians […]

  • Lagos lawmakers okay FG’s request to borrow $29.9bn

    Lagos lawmakers okay FG’s request to borrow $29.9bn

    Some Lagos State lawmakers on Wednesday supported President Muhammadu Buhari’s bid to seek external loan of $29.9bn to provide infrastructure to revamp the economy.

    The lawmakers, in separate interviews, said that the step was necessary to bring the country out of recession.

    They said that infrastructure development will attract local and foreign investment needed for economic growth.

    The Chairman of the House Committee on Physical Planning and Urban Development, Mr. David Setonji, said that loan was good for any business or country as […]

  • Reps consider President Buhari’s N180bn virement request

    Reps consider President Buhari’s N180bn virement request

    According to reports, the House of Representatives is set to consider the request of President Muhammadu Buhari for the virement of N180b.

    The request which came through a motion by the Majority Leader Femi Gbajabiamila was passed with no resistance from the floor on Wednesday.

    President Buhari had in a letter dated Tuesday, 25 October 2016 to Speaker Yakubu Dogara requested for virement of funds in the Appropriation Act, 2016.

    The request was in respect of virement of funds appropriated for special intervention […]

  • 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 […]

  • We’re consulting on Buhari’s $29.96bn loan request – Reps

    We’re consulting on Buhari’s $29.96bn loan request – Reps

    Chairman of the House of Representatives Committee on Media and Publicity, Abdulrazak Namdas, has denied that the House is hesitant on considering President Muhammadu Buhari’s request for approval of $29.96 billion 2016-2018 external borrowing (rolling) plan.

    He told newsmen that the House will take action only when it has concluded consultations on the President’s letter.

    Namdas had told National Assembly correspondent on September 3 that the House was still consulting on the matter.

    He said: “The last time, I told you that we’re […]

  • Buhari, Saraki strike deal over $29.9bn loan request

    Buhari, Saraki strike deal over $29.9bn loan request

    President Muhammadu Buhari and Senate President Bukola Saraki may have made up on the $29.9billion loan approval which the executive is seeking from the Senate, it was learnt last night.

    Buhari and Saraki are understood to have met three times on the issue in the last few days since the Senate turned down the request last week.

    Saraki has already admitted that the loan request may be re-presented by the executive.

    This, the Presidency may do later this week, sources said yesterday.

    But there […]

  • Don’t politicize Buhari’s $29.9 billion loan request – Saraki

    Don’t politicize Buhari’s $29.9 billion loan request – Saraki

    Senate President Bukola Saraki on Friday urged Nigerians not to politicise the $29.9 billion loan request forwarded to the National Assembly by President Muhammadu Buhari for approval.

    The Senate on Tuesday rejected the request based on lack of detailed information.

    The Senate’s action was followed by opposition from some quarters.

    The Minister of Information, Lai Mohammed had disclosed on Wednesday that the end of the request has not come as it will be represented with detailed information to the National Assembly.

    Speaking with State […]

  • Why Senate should approve Buhari’s $30.5bn loan request – DMO boss shares reasons

    Why Senate should approve Buhari’s $30.5bn loan request – DMO boss shares reasons

    According to reports, the Senate should approve President Muhammadu Buhari’s request for authorisation to borrow $30 billion (about N9.61 trillion), and should do so quickly, the Director-General, Debt Management Office, Abraham Nwankwo, has said.

    The Senate turned down the president’s request on Tuesday, asking for all relevant documents to be submitted.

    But, Mr. Nwankwo, who spoke on a Channels TV guest programme, said the loan was so important and the government needed to take advantage of the soft terms of the loans […]

  • Why Senate rejected Buhari’s $29.9bn loan request – Ndume explains

    Why Senate rejected Buhari’s $29.9bn loan request – Ndume explains

    According to reports, the Leader of the Senate, Ali Ndume, on Tuesday said senators voted against President Muhammadu Buhari’s request for $29.9bn foreign loan due to technical issues.

    Briefing newsmen shortly after plenary, Ndume, who said that he was shocked that the request suffered such setback, expressed optimism the issues would be resolved and the request would be represented.

    He said, “The problem came on a technical ground; it is supposed to go to the committee level and the committee is supposed […]

  • CBN to consider Anambra’s request for N5bn Agric Intervention Fund – Emefiele

    CBN to consider Anambra’s request for N5bn Agric Intervention Fund – Emefiele

    According to reports, the Central Bank of Nigeria (CBN) has promised to consider Anambra State government’s request for N5b mechanised agriculture intervention fund to farmers in the state.

    CBN Governor Godwin Emefiele, disclosed in Awka, yesterday, during a one-day assessment visit to the state in company of a Federal Government delegation that included Minister of Agriculture and rural development, Chief Audu Ogbe, the Governor of Kebbi State, Alhaji Abubakar Bagudu, top CBN and Federal Ministry Agriculture officials that the apex bank […]

  • Alleged Fraud: Court Turns Down Stella Odua’s Request From Arrest And Prosecution

    Alleged Fraud: Court Turns Down Stella Odua’s Request From Arrest And Prosecution

    Justice Abdul Kafarati of a  Federal High Court in Abuja has dismissed a motion filed by a former Minister of Aviation, Stella Oduah, to stop her arrest and prosecution.

     

    Odua is asking the court ‎for an order stopping the Economic and Financial Crimes Commission and the police from arresting her with respect to ongoing investigation into corruption allegation against her.

    Oduah, now a senator had approached the court through fundamental rights enforcement suit, asking the court to stop the Attorney-General of the […]