Buhari seeks Senate approval for $566,7 million, £98,5 million, and N226 billion to settle judgement debts.

President Muhammadu Buhari has requested that the Senate approve $566,754,584.31, £98,526,012.00, and N226 billion in order to pay off some outstanding judgement debts.

This request comes just five days before the current administration is set to end.

The Senate President, Ahmad Lawan, read the letter of request during plenary on Wednesday.

In the letter, Mr Buhari explained that the money are for judgement granted against ministries, departments and agencies which had earlier been settled through promissory notes.

He stated that the payment of the judgment debt was approved by the federal executive council.

“The distinguished Senate President may wish to be informed that the Federal Executive Council FEC in its meeting on March 29, 2023, approved the settlement of top priority judgement debts secured by federal ministries, departments and agencies MDAs through the issuance of promissory notes.

“The judgement debts have been settled through the issuance of promissory notes which will then be reviewed over time for the convenience of the federal government or of Nigeria.

Buhari is set to exit office on Monday following 8 years of leadership of the federal republic of Nigeria as president.


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