News
House Caucus Backs Govs On Probe Of $418m Judgment Debt
Minority lawmakers in the House of Representatives have demanded the probe of a whopping sum of $418million Paris Club refund-related judgment debts to six creditors approved by President Muhammadu Buhari.
The minority caucus in the lower chamber of the National Assembly threw their weight behind governors who had earlier demanded a probe, saying that circumstances surrounding the judgment debt were suspicious, even when other stakeholders have also objected to it.
In a statement, yesterday, which was obtained from the caucus leader, Hon. Ndudi Elumelu reminded President Buhari that the said consent judgment was laced with underhand dealings, suspecting that approval and release of the fund may turn out to be one of the biggest swindling in a single swoop.
The lawmakers urged the Economic and Financial Crimes Commission (EFCC), to commence immediate investigation to save the nation from being scammed.
They asked Buhari to halt the payment processes, saying that objections raised by the Association of Local Governments in Nigeria (ALGON) and the Nigeria Governors’ Forum (NGF) in calling for forensic audit into the claims by the creditors must be taken into consideration.
The parliamentarians insisted that governance was a collective responsibility; hence, opposing voices must be listened to in national interest.
“As lawmakers, our caucus insists that the approval to funnel out $418million out of the national treasure under such hazy consent judgment and in the absence of the forensic audit, smacks of an endorsement of corruption,” the statement read.
“Our caucus urges President Buhari not to allow himself to be misled or entangled in this nebulous enterprise but to listen to the state governors and allow for the audit, particularly on the particulars of claims by creditors as well as the circumstances leading to the suspicious consent judgement.”
News
Cleric Predicts Breakthrough, Warns of Political and Security Challenges in 2026
News
Ado Royal Family Disowns Alleged Installation of Amanyanabo of Okrika
News
PH Traders Laud RSG’s Fire Safety Sensitisation Campaign
-
Politics4 days agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Business4 days ago
AFAN Unveils Plans To Boost Food Production In 2026
-
Sports4 days agoJ And T Dynasty Set To Move Players To Europe
-
Business4 days ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Politics4 days ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Politics4 days ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business4 days ago
Cashew Industry Can Generate $10bn Annually- Association
-
Entertainment4 days agoAdekunle Gold, Simi Welcome Twin Babies
