Buhari seeks Senate approval to pay N226bn, $556.8m, £98.5m judgement debts

Buhari seeks Senate approval to pay N226bn, $556.8m, £98.5m judgement debts

President Muhammadu Buhari has requested the Senate to approve the payment of $566,754,584.31, £98,526,012.00 and N226,281,801,881.64 incurred by the Federal government as judgement debts.

This is contained in a letter read by the President of the Senate, Senator Ahmad Lawan, on the floor of the Senate on Wednesday.

The judgment debts were owed through the issuance of promissory notes.

Part of the letter read, “I wish to request the Senate to kindly consider and approve through its resolution the settlement of the top priority judgement debts and general judgement debts incurred by Federal MDAs in the sum of USD566,754,584.31, £98,526,012.00 and N226,281,801,881.64 through the issuance of promissory notes.”