Promissory Note: Senate approves Buhari’s request to refund N148.14bn to five states
November 25, 2020 7:04 pm
The Senate on Tuesday approved President Muhammadu Buhari’s request for a refund of N148,141,969,161.24 to Rivers, Bayelsa, Cross River, Osun and Ondo State Governments for projects executed on behalf of the Federal Government.
The approval was given following the consideration of a report by the Committee on Local and Foreign Debts Chaired by Senator Clifford Ordia (PDP, Edo Central). Ordia while making his presentation stated that most of the Federal highways in the beneficiary states where the projects were executed.
He said, “series of visits were carried out by the Federal Ministry of Works and Housing on all Federal Roads completed by the States and ascertained that the quality of work done met the required standard.” Ordia, however, noted that states like Cross River, Rivers, Bayelsa and Ondo States embarked on the highway projects execution as far back as 2005 to date.
The Lawmaker added that while the State Governments have completed all projects, as well as paid all contractors, the Federal Bureau of Procurement on its part certified that due process was followed accordingly.