Nigerian Senate Agreed To Probe Paris Club Refunds Given To Governors

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The Senate on Thursday made plans to probe how the Paris Club Refunds and other bailout assets to state governors by President Muhammadu Buhari were affirmed.

The Senate’s decision taken after a state of request raised by Sen. Samuel Anyanwu (PDP-Imo) during plenary, who afterwards, sought the leave of the Senate to move a motion on the matter during the next legislative day.

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He questioned the legitimateness of the assets given to governors by Buhari.

The President of the Senate, Sen. Bukola Saraki, looked for and got the leave of his associates and affirmed that the correct movement be brought by Anyanwu, to the floor on another Legislative day.

The Federal Government had discharged the breakdown of installments to the 36 states as discount of “over-derivations on Paris Club, London Club Loans and Multilateral debt on the records of States and Local Governments (1995-2002).”

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The most recent installment was the second tranche of the discounts to the states with a sum of N243.8 billion discharged to the 36 states and Federal Capital Territory.

Buhari, while discharging the N243.80 billion as second tranche of Paris Club discount to states, asked the governors to utilize a noteworthy piece of the assets to balance pay rates, benefits and different recompenses of laborers.

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