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Buhari Requests Senate Approval on Promissory Note and Bond Issuance to Settle Inherited Local Debts

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Thursday, May 10, 2018 /10:45 PM/News 

At plenary yesterday, the Nigerian Senate deliberated on an executive communication on the request of Mr President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria. 

The request is based on seeking the approval of the Senate of a promissory note and bond issuance programme to settle inherited local debts and contractual obligations. 

The senate eventually resolved to set up an Ad-hoc Committee to look critically into the promissory note and bond issuance programme and advice the senate appropriately.

 

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